Deed of adherence to limited liability partnership agreement
Deed of adherence to limited liability partnership agreement

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • Deed of adherence to limited liability partnership agreement
  • Parties
  • Recitals:
  • Schedule 1The Existing Members
  • Schedule 2The LLP Agreement
  • Schedule 3The New Member

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note: Brexit—drafting boilerplate clauses.

This Deed of adherence is made on [insert day and month] 20[insert year]

Parties

  1. 1

    [insert name of New Member] of [insert address] (New Member); and

  1. 2

  2. The persons whose names and addresses are set out in Schedule 1 (Existing Members).

Recitals:

  1. (A)

    This deed is supplemental to, and is entered into in accordance with, the LLP Agreement.

  2. (B)

    The New Member wishes to be admitted as a Member.

  3. (C)

    The Existing Members have resolved to admit the New Member as a Member with effect from the Admission Date on the terms of this deed.

The parties agree:

  1. 1

    Definitions and interpretation

    1. 1.1

      The definitions and rules of interpretation in the LLP Agreement shall apply in this deed except where expressly stated to the contrary and the following expressions shall have the following meanings:

    2. Admission Date

      1. means [insert day and month] 20[insert year];

      Existing Members

      1. means the persons who