[{"id":"c0336047-1459-43b2-8386-bd1fe6e48a60","order":10,"text":"LIMITED LIABILITY PARTNERSHIP AGREEMENT","fontSize":"20","textAlign":"center","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6f38a484-7fd1-4a68-a623-08ccd76e6f55","order":20,"text":"OF [NAME OF THE LLP]","fontSize":"16","textAlign":"center","bold":true,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"6ef1590e-5d8c-49d8-aeb1-cda94a382992","order":30,"text":"(Made under the Limited Liability Partnership Act, 2008 and the Limited Liability Partnership Rules, 2009)","fontSize":"12","textAlign":"center","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"a2a60374-3bd9-47c9-b0e5-cae28cfe1551","order":40,"text":"THIS LIMITED LIABILITY PARTNERSHIP AGREEMENT is made at [Place] on this [Date].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"65d6dacd-8c53-45d7-bc2a-14f4d9203229","order":50,"text":"BETWEEN","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"dc8209a1-5dcb-45c6-a6a6-1f6ddd4a2f68","order":60,"text":"[Name], [Father/Mother name], residing at [Address], holding DPIN/DIN [DPIN] (hereinafter referred to as the "First Partner", which expression shall, unless repugnant to the context or meaning thereof, be deemed to include his or her heirs, executors, administrators and permitted assigns);","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0614d20d-4f9c-449a-9671-9f41bcf11ff2","order":70,"text":"AND","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3802f32f-b4ba-4071-abbe-852f1e50a985","order":80,"text":"[Name], [Father/Mother name], residing at [Address], holding DPIN/DIN [DPIN] (hereinafter referred to as the "Second Partner", which expression shall, unless repugnant to the context or meaning thereof, be deemed to include his or her heirs, executors, administrators and permitted assigns);","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3bf6d79d-e308-456a-bb6e-b74dcbb2f732","order":90,"text":"AND","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"two","type":"remove","operator":"="}]},{"id":"4ceb7346-e7cd-4f08-bf6b-1f939a69f09f","order":100,"text":"[Name], [Father/Mother name], residing at [Address], holding DPIN/DIN [DPIN] (hereinafter referred to as the "Third Partner", which expression shall, unless repugnant to the context or meaning thereof, be deemed to include his or her heirs, executors, administrators and permitted assigns);","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"two","type":"remove","operator":"="}]},{"id":"2d9ce439-317d-43d5-9c19-220676753bac","order":110,"text":"AND","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"two","type":"remove","operator":"="},{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"three","type":"remove","operator":"="}]},{"id":"c265c1dd-1426-4a35-a3dc-68f657ca1329","order":120,"text":"[Name], [Father/Mother name], residing at [Address], holding DPIN/DIN [DPIN] (hereinafter referred to as the "Fourth Partner", which expression shall, unless repugnant to the context or meaning thereof, be deemed to include his or her heirs, executors, administrators and permitted assigns);","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"two","type":"remove","operator":"="},{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"three","type":"remove","operator":"="}]},{"id":"b8e79a3f-6e94-41af-b9fe-cb076e184c0b","order":130,"text":"The parties above named are hereinafter collectively referred to as the "Partners" and individually as a "Partner".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"f8656e57-2141-48c5-aba9-d261666a5ec8","order":140,"text":"WHEREAS:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"adb0ff4d-d8ad-4400-a862-69baf1127152","order":150,"text":"The Partners have agreed to carry on business in partnership with limited liability in the form of a limited liability partnership incorporated under the Limited Liability Partnership Act, 2008, comprising [two] Partners as at the date of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8643df33-5237-4226-83f4-7cf162121f82","order":160,"text":"A limited liability partnership under the name and style of [NAME OF THE LLP] (the "LLP") has been, or is in the process of being, incorporated with the Registrar, bearing Limited Liability Partnership Identification Number [LLPIN], with effect from [Date of incorporation].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"421a6767-2b08-4de8-824d-219d43541e0a","order":170,"text":"The Partners are desirous of recording in writing the mutual rights and duties of the Partners inter se, and of the LLP and its Partners, in supersession of the provisions of the First Schedule to the Limited Liability Partnership Act, 2008, to the extent provided herein, and of having this Agreement filed with the Registrar in Form 3 in accordance with the Limited Liability Partnership Rules, 2009.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e1993130-4e8d-4877-b1ce-ee2b5da5dfb7","order":180,"text":"NOW THEREFORE THIS AGREEMENT WITNESSETH and it is hereby agreed by and between the Partners as follows:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"d1fc9373-0894-4982-a6bd-a1cd66fd1e19","order":190,"text":"DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20"},{"id":"5559ead5-9319-4bdb-acfd-4c00bd10d074","order":200,"text":"In this Agreement, unless the context otherwise requires: "Act" means the Limited Liability Partnership Act, 2008, together with the rules and regulations made thereunder, as amended, re-enacted or replaced from time to time; "Agreement" means this limited liability partnership agreement together with any schedule, annexure, deed of adherence or supplementary agreement executed in amendment or addition hereof; "Business Day" means a day (other than a Saturday, Sunday or public holiday) on which banks are open for general business in the State of the registered office; "Confidential Information" means all information of a confidential or proprietary nature relating to the LLP, its business, clients, partners, employees, finances, know-how, trade secrets and personal data; "Contribution" means the contribution of a Partner to the LLP, whether tangible, intangible, movable or immovable, valued and accounted for in accordance with Section 32 of the Act; "Designated Partner" means a Partner designated as such under Section 7 of the Act; "Financial Year" means the accounting year of the LLP ending on the date specified in the Article entitled "BANKING, ACCOUNTS AND AUDIT"; "Majority" means partners holding more than one-half of the total profit-sharing entitlement; "Registrar" means the Registrar of Companies having jurisdiction over the LLP; and "Special Resolution" means a resolution requiring the consent of all the Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3c0be0b6-2fb2-4be8-9c9c-3b2f52c30eeb","order":210,"text":"In this Agreement: the headings are for convenience only and shall not affect its interpretation; words importing the singular include the plural and vice versa, and words importing a gender include every gender; references to a statute or statutory provision include that provision as amended, re-enacted or replaced and any subordinate legislation made under it; references to a person include a body corporate, firm, limited liability partnership or association; and the words "including" and "in particular" shall not limit the generality of the preceding words.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cee870f2-8a7f-4a85-a0fe-d5f01348538a","order":220,"text":"1. NAME, REGISTERED OFFICE AND BUSINESS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S01"},{"id":"42fd29c1-5375-42b7-acfa-070d87add2bd","order":230,"text":"The business of the LLP shall be carried on under the name and style of [NAME OF THE LLP], or such other name as the Partners may from time to time resolve and as may be permitted by the Registrar.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a00bb626-2f68-4c24-861f-9bdf9b58ce6a","order":240,"text":"The registered office of the LLP shall be situated at [Registered office address], in the State of [State], or at such other place within the said State as the Partners may decide, and all communications and notices to the LLP shall be addressed to the registered office. Any change of the registered office shall be intimated to the Registrar in the manner prescribed under the Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d8e42b52-147f-4ec4-82c4-f8f97980e70e","order":250,"text":"The LLP shall carry on the business of [Business / nature of activity], together with all such other activities as are ancillary or incidental thereto or as the Partners may from time to time mutually agree, subject to the LLP being competent to carry on such activities under the Act and any other applicable law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6d9d30af-bd68-48fa-871c-eabba53dfe75","order":260,"text":"The LLP may carry on its business and have a place of business at any other location within or outside India as the Partners may decide.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c129fb5c-1007-49a8-80fa-50deaeb00e8c","order":270,"text":"2. TERM AND COMMENCEMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S02"},{"id":"ea8b112f-01d8-4fe5-8bc1-6e415a6d6ab5","order":280,"text":"This Agreement shall take effect from the date of incorporation of the LLP or from the date of execution of this Agreement, whichever is later, and shall govern the mutual rights and duties of the Partners and of the LLP and its Partners. Any act done by or on behalf of the LLP between the date of incorporation and the date of this Agreement, in good faith and in the ordinary course of the intended business, is hereby ratified and adopted by the Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"824dd7b1-9621-43ac-8240-7155c2e1a6c2","order":290,"text":"The LLP shall be a partnership at will and shall continue until dissolved in accordance with the provisions of this Agreement or the Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"466c3b08-51b0-48e4-82d7-03da734d7e17","value":"fixed","type":"remove","operator":"="}]},{"id":"896cd056-7a01-4ecc-b174-57e540b0cd5b","order":300,"text":"The LLP shall subsist for a fixed term expiring on [Date the term expires], unless sooner dissolved or unless the Partners mutually agree in writing to extend or renew the term, in which event this Agreement shall continue to apply mutatis mutandis.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"466c3b08-51b0-48e4-82d7-03da734d7e17","value":"perpetual","type":"remove","operator":"="}]},{"id":"3fe44198-1f1e-4297-b7ac-e861ae49e7d3","order":310,"text":"3. CAPITAL CONTRIBUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S03"},{"id":"7dd38e2b-b241-4038-8725-6b7c3ce4589e","order":320,"text":"The capital of the LLP shall consist of the aggregate of the Contributions made by the Partners as set out below. The Contribution of a Partner may be tangible, intangible, movable or immovable, and shall be brought in and accounted for in accordance with Section 32 of the Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4426de2f-8e1d-4f34-bb31-8eac94570345","order":330,"text":"The First Partner shall contribute a sum of INR [Contribution] towards the capital of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"5bc9ff7a-7e13-4706-8a12-87218a117fe9","order":340,"text":"The Second Partner shall contribute a sum of INR [Contribution] towards the capital of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"72b8ba87-16e1-4e98-9315-dc84739e0f21","order":350,"text":"The Third Partner shall contribute a sum of INR [Contribution] towards the capital of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"two","type":"remove","operator":"="}]},{"id":"695d92ff-dbfc-4f37-bcd6-a5ab6bf0d6e8","order":360,"text":"The Fourth Partner shall contribute a sum of INR [Contribution] towards the capital of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"two","type":"remove","operator":"="},{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"three","type":"remove","operator":"="}]},{"id":"1bc812d6-3205-495b-9142-446d81f53fee","order":370,"text":"No Partner shall be entitled to withdraw the whole or any part of his Contribution except with the prior written consent of all the Partners. Any further capital required by the LLP shall be brought in by the Partners in such proportion and on such terms as the Partners may mutually agree in writing. A Partner who fails to bring in his agreed Contribution by the due date shall be liable to pay interest thereon at such reasonable rate as the Partners may determine, without prejudice to any other right or remedy of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5dd0e168-e4b7-4af0-b900-b129affd04b5","order":380,"text":"4. PROFITS, LOSSES AND DRAWINGS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S04"},{"id":"e5c90a9d-92b1-4c86-bacf-fd2fb6183da6","order":390,"text":"The net profits of the LLP, after providing for all working expenses, interest, remuneration (if any), depreciation, taxes and other outgoings, and after making such provisions and reserves as the Partners may consider prudent, shall be divided among the Partners, and the losses (including loss of capital) shall be borne by them, in the following proportions:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c097bec6-d192-41e2-9bb1-f3facaa09c4a","order":400,"text":"The First Partner: [Share] per cent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"e5b18137-d476-41f5-b5ff-56434d14e48c","order":410,"text":"The Second Partner: [Share] per cent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"88e13a1f-0a14-469d-9c87-6c07dfe1b10e","order":420,"text":"The Third Partner: [Share] per cent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"two","type":"remove","operator":"="}]},{"id":"fda5d05a-cf49-4908-ac40-5f57df742836","order":430,"text":"The Fourth Partner: [Share] per cent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"two","type":"remove","operator":"="},{"field":"fb1c9ae3-351a-41a4-befd-e4bbea1d8e03","value":"three","type":"remove","operator":"="}]},{"id":"df45353c-2f69-43f8-8978-e8ca0c5211f9","order":440,"text":"The Partners may, by mutual written consent, permit drawings against the anticipated share of profits of any Partner, subject to adjustment upon finalisation of the annual accounts. The share of profit of a Partner for any year shall not form part of his Contribution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1990f943-e23e-404c-8251-4a6e5c17fcdc","order":450,"text":"5. INTEREST AND REMUNERATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S05"},{"id":"fcb1e81a-619c-45b0-9c82-f8166de7f746","order":460,"text":"Interest shall be paid to each Partner on the balance standing to the credit of his Contribution and current account at the rate of [Rate] per cent per annum, or such other rate as the Partners may mutually agree, such interest to be treated as an expense of the LLP and to be subject to the limits prescribed under the Income-tax Act, 1961 for deductibility.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c026c7e9-ea87-4867-a403-e43b11c75afd","value":"no","type":"remove","operator":"="}]},{"id":"d531bf81-6cea-4572-8a61-fb6b37e2fdec","order":470,"text":"No interest shall be payable to any Partner on the amount of his Contribution or on any balance standing to his credit with the LLP, save as the Partners may otherwise unanimously resolve in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c026c7e9-ea87-4867-a403-e43b11c75afd","value":"yes","type":"remove","operator":"="}]},{"id":"903b3b4a-a75c-4975-9fa6-61a382bfe5bc","order":480,"text":"The working and/or Designated Partners shall be entitled to remuneration for carrying on the business and management of the LLP on the following basis: [Remuneration arrangement]. Such remuneration shall be subject to the maximum amount allowable as a deduction under the Income-tax Act, 1961, and may be varied by mutual agreement of the Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"cd1f4c17-77dc-4de1-b6c4-7aa958faa808","value":"no","type":"remove","operator":"="}]},{"id":"6fc57ba4-9978-402c-bbd5-3fdb17ddf96c","order":490,"text":"No Partner shall be entitled to any salary or remuneration for taking part in the conduct of the business of the LLP, save as the Partners may otherwise unanimously resolve in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"cd1f4c17-77dc-4de1-b6c4-7aa958faa808","value":"yes","type":"remove","operator":"="}]},{"id":"6656a7d8-665f-4f34-97d1-21cf426a563b","order":500,"text":"6. BANKING, ACCOUNTS AND AUDIT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S06"},{"id":"43e48e36-56c8-461f-8250-94c7df384f1d","order":510,"text":"The LLP shall maintain one or more bank accounts in its own name with [Bankers of the LLP] or with such other bank or banks as the Partners may decide. Such accounts shall be operated by the Designated Partner or Partners, or by such Partner or authorised signatory and in such manner as the Partners may from time to time resolve.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1b044802-d3fe-4643-9f31-d68d4e42aa79","order":520,"text":"The LLP shall keep proper books of account on a double-entry system at its registered office, or at such other place as the Partners may decide, recording all sums received and expended, all sales and purchases, and the assets and liabilities of the LLP. The financial year of the LLP shall close on [Financial year end] in each year.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"087095aa-216e-4a4f-9b5d-ca6a2ebd9027","order":530,"text":"The Designated Partners shall cause to be prepared and filed with the Registrar a Statement of Account and Solvency in Form 8 and an Annual Return in Form 11 within the periods prescribed under the Act and the rules made thereunder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"014f874d-8f0d-45de-bfcc-8af61110b923","order":540,"text":"The accounts of the LLP shall be audited by a Chartered Accountant in practice where the turnover of the LLP in any financial year exceeds INR 40,00,000 (Rupees Forty Lakh) or its Contribution exceeds INR 25,00,000 (Rupees Twenty-five Lakh), as required under the rules made under the Act, and may be audited voluntarily in any other case if the Partners so resolve. Every Partner shall have a right of access to and may inspect and take a copy of the books of account of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f853e073-24c0-43d0-ad89-5553f7114223","order":550,"text":"7. TAXATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S07"},{"id":"c0fdc7da-ecf4-43f6-b791-c171439c07f1","order":560,"text":"The LLP shall obtain and maintain a Permanent Account Number (PAN) and, where required, a Tax Deduction and Collection Account Number (TAN) and registration under the Central Goods and Services Tax Act, 2017 and the State Goods and Services Tax legislation, and shall duly comply with all obligations relating to deduction and collection of tax at source, filing of returns and payment of taxes under the Income-tax Act, 1961 and other applicable fiscal laws.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4a41e7c0-f94b-4e7a-a8fd-a55644b2c7de","order":570,"text":"The income-tax payable by the LLP shall be borne by the LLP. The share of profit received by a Partner from the LLP, being exempt in his hands to the extent provided under the Income-tax Act, 1961, shall not be chargeable again; however, each Partner shall be responsible for the tax payable by him on any interest, remuneration or other sum received by him from the LLP. Each Partner shall indemnify and keep the LLP and the other Partners indemnified against any tax, interest, penalty or demand arising from his own default, misstatement or failure to comply with applicable tax laws.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8fbe64bc-a744-4a55-a6a5-6cfeb2f59f2b","order":580,"text":"8. RIGHTS AND DUTIES OF PARTNERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S08"},{"id":"415c9b6e-2bdc-4be6-9340-34ee572b35c8","order":590,"text":"Subject to this Agreement, every Partner shall have the right to take part in the conduct and management of the business of the LLP, the right to have access to and inspect the books and records of the LLP, the right to an equal voice in the management save as otherwise provided herein, and the right to his agreed share of profits.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"42dda038-0f66-4d44-af92-a744dadeb630","order":600,"text":"Every Partner shall: (a) act in good faith and in the best interests of the LLP and of the other Partners; (b) devote such time and attention to the business of the LLP as may be necessary for the proper conduct thereof; (c) render true accounts and full information of all things affecting the LLP to any Partner; and (d) account to the LLP for any benefit derived by him without the consent of the LLP from any transaction concerning the LLP, or from any use by him of the property, name or business connection of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"81a606e7-c8f3-4a02-8551-b1877fd66aae","order":610,"text":"No Partner shall, without the consent of all the Partners: (a) engage, directly or indirectly, in any business competing with that of the LLP; (b) assign, mortgage, charge or otherwise encumber his interest in the LLP; (c) lend any money or give any guarantee in the name of the LLP otherwise than in the ordinary course of business; (d) compromise or release any debt due to the LLP otherwise than for full value; or (e) employ or dismiss any senior employee of the LLP. A Partner shall indemnify the LLP and the other Partners for any loss caused by his fraud, wilful neglect or unauthorised acts in the conduct of the business of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"59f4251b-5417-4649-8c99-6639f0e000ef","order":620,"text":"9. DESIGNATED PARTNERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S09"},{"id":"9ce7f834-685e-4080-b414-0ee12cf09c6f","order":630,"text":"The Designated Partners of the LLP shall be [Names of designated partners]. There shall at all times be at least two Designated Partners, at least one of whom shall be a person resident in India, and each Designated Partner shall hold a valid Designated Partner Identification Number (DPIN).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c7db6c2b-7298-4181-81f0-a01c46225a3e","order":640,"text":"The Designated Partners shall be responsible for doing all acts, matters and things as are required to be done by the LLP in respect of compliance with the provisions of the Act, including the filing of documents, returns, statements and the like with the Registrar, and shall be liable to all penalties imposed on the LLP for any contravention of those provisions. A Designated Partner shall indemnify the LLP for any loss caused to it by his fraud or wilful neglect.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"65e61e61-64f7-4dd7-bbd5-226eb14547e4","order":650,"text":"A Partner may be appointed or may cease to be a Designated Partner by mutual agreement of the Partners, and any change shall be intimated to the Registrar in the manner and within the time prescribed under the Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3dbb1800-c7bf-4f06-828d-cf6543392169","order":660,"text":"10. MANAGEMENT, MEETINGS AND DECISIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S10"},{"id":"2f267bd5-14ab-4b99-8815-287a15f2b094","order":670,"text":"The management of the LLP shall vest in the Partners collectively. Meetings of the Partners may be convened by any Partner by giving not less than seven days' prior notice in writing, sent to each Partner at his address or e-mail address recorded with the LLP, and meetings shall ordinarily be held at the registered office or at such other place as may be mutually agreed. Notice may be waived with the consent of all Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cd911640-ec47-4b29-a729-0cd602aa798f","order":680,"text":"Save where this Agreement or the Act requires the consent of all the Partners, every question arising at a meeting shall be decided by a resolution passed by a majority of the Partners, and for this purpose each Partner shall have one vote. In the event of an equality of votes, the matter shall be referred to the dispute resolution mechanism set out in the Article entitled "DISPUTE RESOLUTION".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"29e7554d-ed7a-4ce0-a429-1d8960ff1c5e","order":690,"text":"The following matters shall require the consent of all the Partners: any change in the nature of the business of the LLP; admission of a new Partner; amendment of this Agreement; borrowing beyond limits fixed by the Partners; disposal of the whole or substantially the whole of the undertaking of the LLP; and the dissolution of the LLP. Minutes of the proceedings of every meeting shall be recorded and maintained at the registered office.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b62e9834-8776-4c60-83ae-14c62c22ff42","order":700,"text":"11. DEADLOCK RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S11"},{"id":"d5ac30d4-5ca3-4512-b3a5-81b41b809a56","order":710,"text":"A deadlock shall be deemed to arise if the Partners are unable to pass a resolution on any matter requiring their consent at two consecutive duly convened meetings, or if any matter essential to the conduct of the business of the LLP remains unresolved for a period of thirty days. Upon a deadlock arising, each Partner shall use reasonable endeavours, in good faith, to resolve the matter through discussion between the Partners and, where appropriate, through mediation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9544cf95-8ae4-4e2b-8510-1ebf06286915","order":720,"text":"If the deadlock is not resolved within a further period of thirty days, any Partner may refer the matter to be finally resolved in accordance with the Article entitled "DISPUTE RESOLUTION". Pending resolution of a deadlock, the Partners shall continue to conduct the ordinary business of the LLP so as to preserve its business, assets and goodwill, and shall not take any action outside the ordinary course of business without mutual consent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e1375813-864c-45f1-aed0-72b032ea6c7e","order":730,"text":"12. ADMISSION OF PARTNERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S12"},{"id":"ac73a42d-e08e-4a14-b85f-e4a852a5ec78","order":740,"text":"A new Partner may be admitted to the LLP only with the consent of all the existing Partners and upon such terms as to Contribution, profit sharing and otherwise as may be agreed. Every incoming Partner shall, prior to admission, execute a supplementary agreement or deed of adherence agreeing to be bound by the terms of this Agreement, as amended.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6e2caafd-ae87-4548-8293-ee4265d14812","order":750,"text":"No incoming Partner shall be liable for any obligation of the LLP incurred before he became a Partner, save as may be agreed. Upon admission of a new Partner, the profit and loss sharing ratios of the existing Partners shall be re-determined by mutual agreement, and the consequent change shall be filed with the Registrar in Form 3 within the prescribed time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1922d6c2-a17c-42f2-873c-77dbeab10ac8","order":760,"text":"13. TRANSFER OF PARTNERSHIP INTEREST","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S13"},{"id":"7a17d439-db36-4faa-9561-f71002c70693","order":770,"text":"No Partner shall sell, assign, transfer, mortgage, charge or otherwise dispose of the whole or any part of his interest in the LLP, or any right to share in the profits or capital of the LLP, except in accordance with this Article and with the prior written consent of all the other Partners. Any purported transfer in breach of this Article shall be void. The assignment of a Partner's economic rights in accordance with Section 42 of the Act shall not, by itself, entitle the assignee to participate in the management or conduct of the activities of the LLP, or to access information concerning its transactions.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4eee38a0-f9e2-4ec1-b188-8618d3a58a23","order":780,"text":"A Partner who wishes to transfer his interest (the "Transferring Partner") shall first offer it in writing to the other Partners (the "Continuing Partners") at a price equal to the fair value determined in accordance with the Article entitled "GOODWILL AND VALUATION", or at such price as may be mutually agreed. The Continuing Partners shall have a right of first refusal to acquire the offered interest, in proportion to their existing profit-sharing ratios or as they may agree among themselves, by notice in writing given within thirty days. Only if the Continuing Partners decline or fail to exercise that right within the said period may the Transferring Partner, with the consent of all the Partners, transfer the interest to a third party on terms no more favourable than those offered to the Continuing Partners, subject to the incoming transferee executing a deed of adherence to this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"899de9bf-4b32-4b27-b81c-3a3a78811587","order":790,"text":"14. CESSATION, RETIREMENT, EXPULSION, DEATH AND INSOLVENCY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S14"},{"id":"7fddb907-85af-4c8e-b9ca-fcb4ba9d46ef","order":800,"text":"A Partner may retire from the LLP by giving not less than thirty days' prior notice in writing to the other Partners, or with the consent of all the other Partners. A person shall also cease to be a Partner on the happening of any event specified in Section 24 of the Act, including on his death or on his being declared insolvent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b02b59ce-9d10-417f-a1de-911737e00bec","order":810,"text":"A Partner may be expelled by a resolution passed by all the other Partners, but only in good faith and for just and reasonable cause, including a material or persistent breach of this Agreement, fraud, or conduct prejudicial to the business or reputation of the LLP, and after giving the Partner concerned a reasonable opportunity of being heard.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fedcf900-4a0e-47e7-acef-8187e0169d91","order":820,"text":"Upon a Partner ceasing to be a Partner for any reason, he or his legal representatives or estate shall be entitled to receive from the LLP the amount standing to the credit of his Contribution and current account, together with his share of the accrued and undistributed profits up to the date of cessation and his share of the value of the goodwill (if any) determined in accordance with the Article entitled "GOODWILL AND VALUATION", after deducting any sums due from him to the LLP. The cessation of a Partner shall not by itself dissolve the LLP, which shall, subject to the Act, continue with the remaining Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"41bd174a-00e3-42b2-8597-bcf0995ca851","order":830,"text":"Every cessation, retirement, expulsion or admission shall be intimated to the Registrar in the manner and within the time prescribed under the Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0421675f-15c3-47a9-b773-e7cc4350875a","order":840,"text":"15. GOODWILL AND VALUATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S15"},{"id":"05af3d75-512f-46da-a53c-67be7203e17e","order":850,"text":"The goodwill of the LLP shall belong to the LLP. On the cessation of any Partner, or on the dissolution of the LLP, the value of the goodwill and of the other assets of the LLP shall be determined by the auditors of the LLP, or, failing them, by an independent valuer who is a Chartered Accountant or registered valuer appointed by the Partners, whose determination shall, in the absence of manifest error, be final and binding on the Partners. In valuing goodwill, regard shall be had to the average net profits of the LLP over the preceding three financial years, or such other recognised method as the valuer considers appropriate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fad496cd-059b-4f28-8e35-30ff1af3dd30","order":860,"text":"16. RESTRICTIVE COVENANTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"506849cb-fb12-463d-a563-6345dd50df6e","value":"yes","type":"add","operator":"="}],"sectionNum":"S16"},{"id":"289def99-98d1-4961-b972-d95fad5734a4","order":870,"text":"Each Partner covenants with the LLP and with the other Partners that, during the continuance of the partnership and for a period of [Period] months after he ceases to be a Partner, he shall not, within the territory in which the LLP carries on business and to the extent permitted by law and reasonable for the protection of the legitimate business interests of the LLP: (a) carry on or be engaged or interested in any business that competes with the business of the LLP; (b) solicit or entice away any client, customer or supplier of the LLP; or (c) solicit or entice away any employee of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"506849cb-fb12-463d-a563-6345dd50df6e","value":"yes","type":"add","operator":"="}]},{"id":"dc163e9c-f992-48e0-a24b-a300e6f6a068","order":880,"text":"The Partners agree that each of the restrictions contained in this Article is separate and severable and is reasonable in the interests of the LLP, but that if any such restriction shall be held to be void or unenforceable but would be valid if some part thereof were deleted or the period or area reduced, such restriction shall apply with such modification as may be necessary to make it valid and enforceable.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"506849cb-fb12-463d-a563-6345dd50df6e","value":"yes","type":"add","operator":"="}]},{"id":"6ef01ba9-e338-4d4d-9d5a-5c254b32fc64","order":890,"text":"17. LIABILITY, INDEMNITY AND INSURANCE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S17"},{"id":"eb626363-f7a9-4101-a8f4-2451caa2f04a","order":900,"text":"The LLP is a body corporate having a legal entity separate from that of its Partners, with perpetual succession. The liability of each Partner shall be limited to the extent of his Contribution as provided under the Act, and no Partner shall be personally liable, directly or indirectly, for the obligations of the LLP solely by reason of being a Partner, save in the case of his own fraud or as otherwise provided under the Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4127dbd4-c119-40a2-b318-58fd71d1d094","order":910,"text":"The LLP shall indemnify and hold harmless every Partner in respect of payments made and personal liabilities reasonably incurred by him in the ordinary and proper conduct of the business of the LLP, or in or about anything necessarily done for the preservation of the business or property of the LLP. Conversely, every Partner shall indemnify the LLP and the other Partners against any loss occasioned by his own fraud, wilful misconduct or unauthorised acts.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0f4975a7-e25d-49fe-82dd-da2a858c73ce","order":920,"text":"The LLP may effect and maintain such insurance, including professional indemnity insurance, as the Partners may consider appropriate for the protection of the LLP, its Partners, employees and property.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"85530bdc-9d8d-4949-82ea-452383af1d70","order":930,"text":"18. CONFIDENTIALITY, INTELLECTUAL PROPERTY AND DATA PROTECTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S18"},{"id":"3ca0b51a-e8d9-4afb-a710-19715fce44e9","order":940,"text":"Each Partner shall, both during the continuance of the partnership and at all times after he ceases to be a Partner, keep confidential and not use or disclose to any person any Confidential Information, save as required in the proper performance of his duties, as authorised in writing by the LLP, or as required by law or any competent authority. Upon ceasing to be a Partner, each Partner shall return or destroy all Confidential Information in his possession or control.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"91199f3b-0ee8-4e45-8b38-acd1322363af","order":950,"text":"All intellectual property, work product, records, client lists, databases and other materials created, developed or acquired by a Partner or employee in the course of, or in connection with, the business of the LLP shall be and remain the sole property of the LLP. Each Partner hereby assigns to the LLP all such intellectual property and shall do all such acts and execute all such documents as may be necessary to vest the same in the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fc9c6824-1c6a-45a2-a0a3-a4b25a8dc9df","order":960,"text":"The LLP and the Partners shall process personal data only in accordance with the Digital Personal Data Protection Act, 2023 and the rules made thereunder, and any other applicable data protection law. The Partners shall implement and maintain reasonable security safeguards to protect personal data in the custody of the LLP against unauthorised access, use or disclosure, and shall notify the LLP promptly of any personal data breach of which they become aware so that the LLP may comply with its obligations as a data fiduciary.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c41888dd-c270-4277-b870-6898bb9bb253","order":970,"text":"19. FORCE MAJEURE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S19"},{"id":"2e550be7-fe38-4762-b93c-421d13c7e6ec","order":980,"text":"No Partner or the LLP shall be liable for any failure or delay in performing any obligation under this Agreement (other than an obligation to pay money) to the extent that such failure or delay is caused by an event beyond its reasonable control, including act of God, fire, flood, earthquake, epidemic or pandemic, war, civil commotion, terrorism, strike, lockout, change in law or governmental action, or failure of public infrastructure or utilities. The affected party shall notify the others as soon as reasonably practicable and shall use reasonable endeavours to mitigate the effect of the event and to resume performance. If such event continues for a continuous period exceeding ninety days, the Partners shall meet in good faith to decide an equitable course of action, including, if necessary, the winding up of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"26a8f3d4-a635-4060-823c-c34143576ff7","order":990,"text":"20. DISPUTE RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S20"},{"id":"a8b87bc9-2168-4689-a28b-6f47a6df8d8c","order":1000,"text":"In the event of any dispute, difference or question arising between the Partners, or between any Partner and the LLP, touching this Agreement or the business, accounts, rights, duties or liabilities of any person under this Agreement or the Act, the parties shall first endeavour to resolve the same amicably through mutual discussion. Failing amicable resolution within thirty days, the dispute shall be referred to and finally resolved by arbitration by a sole arbitrator to be mutually appointed by the parties, in accordance with the Arbitration and Conciliation Act, 1996. The seat and venue of arbitration shall be [Seat of arbitration], and the arbitration shall be conducted in the English language. The award of the arbitrator shall be final and binding on the parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8c67a1bf-3e76-4316-a805-4167d1141923","order":1010,"text":"21. AMENDMENT, FILING, STAMP DUTY AND GOVERNING LAW","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S21"},{"id":"03e13af3-fb68-4b7c-96f8-6432a85d59cf","order":1020,"text":"This Agreement may be amended, varied or supplemented only by an instrument in writing executed by all the Partners. Any such amendment, and this Agreement itself, shall be filed with the Registrar in Form 3 within thirty days of its execution or of the date of incorporation, as the case may be, in accordance with Section 23 of the Act and Rule 21 of the Limited Liability Partnership Rules, 2009.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6e63835e-970d-4260-850e-2b75b05b09ee","order":1030,"text":"This Agreement is chargeable with stamp duty under the Indian Stamp Act, 1899 as applicable in the State of [State], or the relevant State Stamp Act, and shall be executed on non-judicial stamp paper of the requisite value, or duly e-stamped, before execution. The cost of stamp duty and of filing this Agreement and any amendment with the Registrar shall be borne by the LLP unless the Partners otherwise agree.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"dd0acccc-4c12-4173-b4b7-2727784c10bd","order":1040,"text":"This Agreement shall be governed by and construed in accordance with the laws of India, and subject to the Article entitled "DISPUTE RESOLUTION", the courts at [City] shall have jurisdiction. Matters not specifically provided for in this Agreement shall be governed by the provisions of the Act, and to the extent of any inconsistency between this Agreement and the First Schedule to the Act, the provisions of this Agreement shall prevail as between the Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4fc2a849-81e3-42d5-bd6a-7b1d10b63244","order":1050,"text":"22. WINDING UP AND DISSOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S22"},{"id":"95161f99-65ef-4d9c-985e-fc0dbf2d9be2","order":1060,"text":"The LLP may be wound up voluntarily by a resolution of all the Partners, or compulsorily in the circumstances and manner provided under the Act and the rules made thereunder. Upon winding up, the assets of the LLP shall be applied first in paying the debts and liabilities of the LLP to persons other than the Partners, next in repaying to the Partners their Contributions and any sums due to them, and the surplus (if any) shall be distributed among the Partners in their profit-sharing proportions; any deficiency shall be borne by the Partners in the same proportions.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"28712455-0408-45dc-b9a1-12ee656f79e3","order":1070,"text":"23. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S23"},{"id":"ac7206dc-9aaf-487d-a647-64a30eb1fc68","order":1080,"text":"Any notice or other communication under this Agreement shall be in writing and shall be delivered by hand, sent by registered post or reputed courier, or sent by electronic mail, to the relevant party at the address recorded with the LLP. A notice shall be deemed to have been received: if delivered by hand, at the time of delivery; if sent by post or courier, on the third business day after posting; and if sent by e-mail, on the day of transmission, provided no delivery failure is received.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"dc93cdf0-2958-41db-a23c-35b967ad0f07","order":1090,"text":"24. GENERAL","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S24"},{"id":"2e4855cf-1027-477e-983d-748e343ba807","order":1100,"text":"Entire agreement. This Agreement, together with its schedules and any document executed in amendment hereof, constitutes the entire agreement between the Partners relating to its subject matter and supersedes all prior arrangements, representations and understandings, whether oral or written, between them.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bcba82a5-866a-453c-8cf9-33d82d0fa138","order":1110,"text":"Waiver and severability. No failure or delay by any party in exercising any right or remedy shall operate as a waiver thereof, nor shall any single or partial exercise preclude any further exercise. If any provision of this Agreement is or becomes invalid, illegal or unenforceable, that provision shall be deemed modified to the minimum extent necessary to make it valid, and the remaining provisions shall continue in full force and effect.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f95d2f74-bfa4-4db2-b107-62e4814dbf8c","order":1120,"text":"Costs, further assurance and survival. Save as otherwise provided, each Partner shall bear his own costs in connection with the negotiation and execution of this Agreement. Each Partner shall, at the cost of the LLP, do all such further acts and execute all such documents as may reasonably be required to give full effect to this Agreement. Those provisions which by their nature are intended to survive the cessation of a Partner or the determination of this Agreement, including the provisions relating to confidentiality, restrictive covenants, indemnity, taxation and dispute resolution, shall so survive.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bb255db9-844c-49c3-b73b-369285f10c17","order":1130,"text":"Counterparts and execution. This Agreement may be executed in any number of counterparts, each of which when executed shall constitute an original and all of which together shall constitute one and the same instrument. Execution by electronic signature, where permitted by law, shall be valid and binding. Nothing in this Agreement creates any right enforceable by a person who is not a Partner.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b8a8aaa3-d450-4f43-a300-8803da46f593","order":1140,"text":"IN WITNESS WHEREOF the Partners have set their respective hands to this Agreement on the date first written above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"marginTop":"20"},{"id":"f14b0f2a-e693-49bc-bfce-29bb47f8739f","order":1150,"text":"Signed and delivered by the Partners:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"6d66df24-1932-43eb-8e78-d808a90e15e8","order":1160,"text":"For and on behalf of himself / herself as the First 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