Deed of adherence to limited liability partnership agreement

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

  • Deed of adherence to limited liability partnership agreement

Deed of adherence to limited liability partnership agreement

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

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

BACKGROUND:

    1. (A)

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

    1. (B)

      The New Member wishes to be admitted as a Member.

    1. (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:

        Admission Date

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

        Existing Members

        1. means the persons whose names and addresses are set out in Schedule 1;

        LLP

        1. [insert name] LLP; [and]

        LLP Agreement

        1. means the limited liability partnership agreement details of which are set out in Schedule 2[. OR ; and]

        [ Salaried Members' Agreement

        1. means the agreement made between [insert name] and the LLP dated [insert date].]

      1. 1.2

        Unless the context otherwise requires references to this deed include its Schedules and references to clauses or Schedules are to clauses of or Schedules to this deed.

    1. 2

      Admission

Popular documents