Deed of adherence to partnership agreement
Deed of adherence to partnership agreement

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

  • Deed of adherence to partnership agreement
  • Parties
  • Recitals:
  • Schedule 1The Existing Partners
  • Schedule 2The Partnership Agreement
  • Schedule 3The New Partner

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 partner] of [insert address] (New Partner), and

  1. 2

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

Recitals:

  1. (A)

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

  2. (B)

    The New Partner wishes to be admitted as a Partner.

  3. (C)

    The Existing Partners have resolved to admit the New Partner as a Partner 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 Partnership 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. [insert day and month] 20[insert year];

      Existing Partners

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

      Partnership

      1. [insert name]; [and]

      Partnership