[{"id":"a1000001-0000-4000-a000-000000000001","order":1,"text":"DATED [Date of the Agreement]","fontSize":"14","textAlign":"right","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true},{"id":"a1000002-0000-4000-a000-000000000002","order":2,"text":"LIMITED LIABILITY PARTNERSHIP","fontSize":"22","textAlign":"center","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000003-0000-4000-a000-000000000003","order":3,"text":"AGREEMENT","fontSize":"22","textAlign":"center","bold":true,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"a1000004-0000-4000-a000-000000000004","order":4,"text":"relating to","fontSize":"14","textAlign":"center","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000005-0000-4000-a000-000000000005","order":5,"text":"[LLP Name] LLP","fontSize":"20","textAlign":"center","bold":true,"underline":false,"marginBottom":"60","cflou":false,"active":true},{"id":"a1000006-0000-4000-a000-000000000006","order":6,"text":"PARTIES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"a1000007-0000-4000-a000-000000000007","order":7,"text":"[LLP Name] LLP, a limited liability partnership incorporated in England and Wales under registration number [Company Number], whose registered office is at [Registered Office Address] (the "LLP"); and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"a1000008-0000-4000-a000-000000000008","order":8,"text":"[Member 1 Full Name], of [Member 1 Address];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000009-0000-4000-a000-000000000009","order":9,"text":"[Member 2 Full Name], of [Member 2 Address];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000010-0000-4000-a000-000000000010","order":10,"text":"[Member 3 Full Name], of [Member 3 Address];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="}]},{"id":"a1000011-0000-4000-a000-000000000011","order":11,"text":"[Member 4 Full Name], of [Member 4 Address];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="},{"field":"c1000001-0000-4000-a000-000000000001","value":"3","type":"remove","operator":"="}]},{"id":"a1000012-0000-4000-a000-000000000012","order":12,"text":"(together, the "Members" and each a "Member").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000013-0000-4000-a000-000000000013","order":13,"text":"BACKGROUND","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"a1000014-0000-4000-a000-000000000014","order":14,"text":"The LLP was incorporated under the Limited Liability Partnerships Act 2000 on [Incorporation Date].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000015-0000-4000-a000-000000000015","order":15,"text":"The Members have agreed to regulate their relationship as members of the LLP and the conduct of the LLP's business on the terms and conditions set out in this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000016-0000-4000-a000-000000000016","order":16,"text":"IT IS AGREED as follows:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000017-0000-4000-a000-000000000017","order":17,"text":"1. DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S01"},{"id":"a1000018-0000-4000-a000-000000000018","order":18,"text":"In this Agreement, unless the context otherwise requires, the following expressions have the following meanings:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000019-0000-4000-a000-000000000019","order":19,"text":""Act" means the Limited Liability Partnerships Act 2000;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000020-0000-4000-a000-000000000020","order":20,"text":""Accounting Reference Date" means [Accounting Reference Date e.g. 31 March] in each year;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000021-0000-4000-a000-000000000021","order":21,"text":""Business" means the business of [Description of the LLP business] and any other lawful business which the Members may from time to time agree to carry on through the LLP;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000022-0000-4000-a000-000000000022","order":22,"text":""Business Day" means a day (other than a Saturday, Sunday or public holiday) when commercial banks in London are open for general business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000023-0000-4000-a000-000000000023","order":23,"text":""Capital Contribution" means the capital contribution made by a Member to the LLP from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000024-0000-4000-a000-000000000024","order":24,"text":""Designated Member" means a Member appointed as such pursuant to the Act;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000025-0000-4000-a000-000000000025","order":25,"text":""Profits" and "Losses" mean respectively the net profits and net losses of the LLP for any Accounting Period as shown in the Accounts of the LLP;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000026-0000-4000-a000-000000000026","order":26,"text":""Resolution" means a resolution of the Members passed in accordance with the management provisions of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"a1000027-0000-4000-a000-000000000027","order":27,"text":"In this Agreement, unless the context otherwise requires, references to the singular shall include the plural and vice versa, and references to one gender shall include all genders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000028-0000-4000-a000-000000000028","order":28,"text":"The headings in this Agreement are for convenience only and shall not affect its construction or interpretation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000029-0000-4000-a000-000000000029","order":29,"text":"2. NAME, REGISTERED OFFICE AND BUSINESS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S02"},{"id":"a1000030-0000-4000-a000-000000000030","order":30,"text":"The name of the LLP shall be "[LLP Name] LLP" or such other name as the Members may from time to time determine by Resolution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000031-0000-4000-a000-000000000031","order":31,"text":"The registered office of the LLP shall be at [Registered Office Address], or at such other place in England and Wales as the Members may from time to time determine.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000032-0000-4000-a000-000000000032","order":32,"text":"The Business of the LLP shall be that of [Description of the LLP business], together with any ancillary or related activities and any other lawful business which the Members may agree from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000033-0000-4000-a000-000000000033","order":33,"text":"The Members shall use all reasonable endeavours to promote the interests, prosperity and welfare of the LLP and shall act in good faith towards each other in all matters relating to the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000034-0000-4000-a000-000000000034","order":34,"text":"3. COMMENCEMENT AND DURATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S03"},{"id":"a1000035-0000-4000-a000-000000000035","order":35,"text":"This Agreement shall be deemed to have commenced on the date of incorporation of the LLP and shall continue until terminated in accordance with its terms or by Resolution of the Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000036-0000-4000-a000-000000000036","order":36,"text":"The LLP shall continue notwithstanding any change in its membership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000037-0000-4000-a000-000000000037","order":37,"text":"4. CAPITAL CONTRIBUTIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S04"},{"id":"a1000038-0000-4000-a000-000000000038","order":38,"text":"On or before the date of this Agreement, each Member shall contribute such capital to the LLP as is set out opposite that Member's name in Schedule 1 (the "Initial Capital Contribution").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000020-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000039-0000-4000-a000-000000000039","order":39,"text":"Each Member shall contribute capital to the LLP in such amounts and at such times as the Members may agree by Resolution from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000020-0000-4000-a000-000000000001","value":"1","type":"remove","operator":"="}]},{"id":"a1000040-0000-4000-a000-000000000040","order":40,"text":"No Member shall be entitled to interest on the amount of any Capital Contribution or on any sum standing to the credit of that Member's capital account, save as the Members may otherwise agree by Resolution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000041-0000-4000-a000-000000000041","order":41,"text":"No Member may withdraw all or any part of that Member's Capital Contribution without the prior written consent of all the other Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000042-0000-4000-a000-000000000042","order":42,"text":"Further Capital Contributions may be required from the Members from time to time as the Members may determine by Resolution. Any such further contributions shall be made by the Members in proportion to their then-existing Capital Contributions, unless the Members agree otherwise.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000043-0000-4000-a000-000000000043","order":43,"text":"5. PROFITS, LOSSES AND DRAWINGS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S05"},{"id":"a1000044-0000-4000-a000-000000000044","order":44,"text":"The Profits and Losses of the LLP for each Accounting Period shall, after charging all proper expenses and outgoings, be allocated and divided between the Members in the proportions set out in Schedule 2, or in such other proportions as the Members may from time to time determine by Resolution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000045-0000-4000-a000-000000000045","order":45,"text":"Each Member shall be entitled to draw from the LLP, on account of that Member's anticipated share of Profits, such sums and at such intervals as the Members may from time to time agree by Resolution ("Drawings").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000046-0000-4000-a000-000000000046","order":46,"text":"If, at the end of any Accounting Period, the aggregate Drawings of a Member exceed that Member's share of Profits for that period, the excess shall promptly be repaid by that Member to the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000047-0000-4000-a000-000000000047","order":47,"text":"Losses shall be borne by the Members in the same proportions as Profits are shared.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000048-0000-4000-a000-000000000048","order":48,"text":"6. DESIGNATED MEMBERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S06"},{"id":"a1000049-0000-4000-a000-000000000049","order":49,"text":"In accordance with section 8 of the Act, the LLP shall at all times have at least two Designated Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000050-0000-4000-a000-000000000050","order":50,"text":"The initial Designated Members shall be [Names of the initial Designated Members].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000030-0000-4000-a000-000000000001","value":"2","type":"add","operator":"="}]},{"id":"a1000051-0000-4000-a000-000000000051","order":51,"text":"Each and every Member of the LLP shall be a Designated Member.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000030-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000052-0000-4000-a000-000000000052","order":52,"text":"A Designated Member may be appointed or removed by Resolution, provided that the LLP shall at all times retain at least two Designated Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000053-0000-4000-a000-000000000053","order":53,"text":"The Designated Members shall be responsible for performing the duties imposed on designated members by the Act, including (without limitation) signing the LLP's annual accounts, filing the annual confirmation statement and notifying the Registrar of Companies of any changes to the LLP's membership or registered office.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000054-0000-4000-a000-000000000054","order":54,"text":"7. MANAGEMENT AND DECISION-MAKING","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S07"},{"id":"a1000055-0000-4000-a000-000000000055","order":55,"text":"Subject to the matters listed below requiring unanimous consent, every Member shall be entitled to take part in the management of the Business and shall have one vote on any matter requiring a Resolution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000056-0000-4000-a000-000000000056","order":56,"text":"Save as expressly provided in this Agreement, all decisions of the Members shall be made by ordinary Resolution, being a majority of the votes of the Members entitled to vote.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000057-0000-4000-a000-000000000057","order":57,"text":"The following matters shall require the unanimous written consent of all the Members:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000058-0000-4000-a000-000000000058","order":58,"text":"— any change to the nature or scope of the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000059-0000-4000-a000-000000000059","order":59,"text":"— the admission of any new Member;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000060-0000-4000-a000-000000000060","order":60,"text":"— the variation, amendment or termination of this Agreement;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000061-0000-4000-a000-000000000061","order":61,"text":"— the borrowing of any sum exceeding £[Borrowing threshold], or the granting of any security over the LLP's assets;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000062-0000-4000-a000-000000000062","order":62,"text":"— the sale, transfer or disposal of all or substantially all of the LLP's assets;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000063-0000-4000-a000-000000000063","order":63,"text":"— the commencement, settlement or compromise of any litigation by or against the LLP involving a sum exceeding £[Litigation threshold]; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000064-0000-4000-a000-000000000064","order":64,"text":"— the voluntary winding-up or dissolution of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"a1000065-0000-4000-a000-000000000065","order":65,"text":"Meetings of the Members shall be held at such times and places as the Members may determine. Reasonable notice of every meeting shall be given to each Member, and the quorum for such meetings shall be a majority of the Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000066-0000-4000-a000-000000000066","order":66,"text":"A written Resolution signed by all the Members shall be as valid and effective as a Resolution duly passed at a meeting of the Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000067-0000-4000-a000-000000000067","order":67,"text":"8. DUTIES AND OBLIGATIONS OF MEMBERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S08"},{"id":"a1000068-0000-4000-a000-000000000068","order":68,"text":"Each Member shall:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000069-0000-4000-a000-000000000069","order":69,"text":"— devote such of that Member's time, attention and abilities to the Business as may reasonably be required;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000070-0000-4000-a000-000000000070","order":70,"text":"— at all times act in good faith and in the best interests of the LLP;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000071-0000-4000-a000-000000000071","order":71,"text":"— diligently observe the provisions of this Agreement and any Resolutions duly passed pursuant to it; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000072-0000-4000-a000-000000000072","order":72,"text":"— promptly account to the LLP for any benefit derived from any transaction concerning the LLP or any use by that Member of the LLP's property, name or business connection.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000073-0000-4000-a000-000000000073","order":73,"text":"No Member shall, without the prior written consent of all the other Members, engage directly or indirectly in any business which competes with the Business of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000074-0000-4000-a000-000000000074","order":74,"text":"9. ACCOUNTS AND RECORDS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S09"},{"id":"a1000075-0000-4000-a000-000000000075","order":75,"text":"The Designated Members shall procure that proper books of account and records of the LLP's business and affairs are kept at the registered office (or such other place as the Members may agree).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000076-0000-4000-a000-000000000076","order":76,"text":"Annual accounts shall be prepared as at each Accounting Reference Date and shall be approved and signed by the Designated Members in accordance with the Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000077-0000-4000-a000-000000000077","order":77,"text":"Every Member shall, at all reasonable times, have full access to the books, accounts and records of the LLP and shall be entitled to inspect and take copies of the same.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000078-0000-4000-a000-000000000078","order":78,"text":"10. ADMISSION, RETIREMENT AND EXPULSION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S10"},{"id":"a1000079-0000-4000-a000-000000000079","order":79,"text":"No person shall be admitted as a new Member of the LLP except with the unanimous written consent of the existing Members and on such terms as they may unanimously determine.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000080-0000-4000-a000-000000000080","order":80,"text":"A Member may retire from the LLP by giving not less than [Notice period e.g. six (6)] months' written notice to the LLP and to each of the other Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000081-0000-4000-a000-000000000081","order":81,"text":"A Member may be expelled from the LLP by Resolution of the other Members (excluding the Member subject to expulsion) if that Member:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000082-0000-4000-a000-000000000082","order":82,"text":"— commits any material or persistent breach of this Agreement and (where capable of remedy) fails to remedy the same within 30 days of receipt of written notice requiring remedy;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000083-0000-4000-a000-000000000083","order":83,"text":"— is convicted of an offence involving dishonesty or which materially affects that Member's ability to perform that Member's duties to the LLP;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000084-0000-4000-a000-000000000084","order":84,"text":"— becomes bankrupt or enters into any individual voluntary arrangement with that Member's creditors;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000085-0000-4000-a000-000000000085","order":85,"text":"— becomes mentally incapable, by reason of illness or injury, of managing that Member's own affairs; or","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000086-0000-4000-a000-000000000086","order":86,"text":"— is otherwise unable to discharge that Member's duties for a continuous period of [Incapacity period e.g. six (6)] months.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000087-0000-4000-a000-000000000087","order":87,"text":"On retirement or expulsion, the outgoing Member shall be entitled to receive the balance standing to that Member's capital and current accounts as at the effective date of cessation, payable in such instalments and on such terms as the Members may agree (acting reasonably).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000088-0000-4000-a000-000000000088","order":88,"text":"11. TRANSFER OF MEMBERSHIP INTERESTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S11"},{"id":"a1000089-0000-4000-a000-000000000089","order":89,"text":"No Member shall transfer, charge, assign or otherwise dispose of all or any part of that Member's interest in the LLP without the prior written consent of all the other Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000090-0000-4000-a000-000000000090","order":90,"text":"Where any Member wishes to dispose of that Member's interest, that Member shall first offer it to the other Members in proportion to their then-existing interests, on terms no less favourable than those offered to any third party.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000091-0000-4000-a000-000000000091","order":91,"text":"12. DRAG-ALONG AND TAG-ALONG RIGHTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"displayConditions":[{"field":"c1000050-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}],"sectionNum":"S12"},{"id":"a1000092-0000-4000-a000-000000000092","order":92,"text":"Drag-along. If Members holding not less than [Drag-along threshold e.g. seventy-five per cent (75%)] of the aggregate interests in the LLP (the "Selling Members") wish to transfer all of their interests to a bona fide third party purchaser (the "Proposed Purchaser"), the Selling Members may require all other Members to transfer their respective interests to the Proposed Purchaser on the same terms.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000050-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000093-0000-4000-a000-000000000093","order":93,"text":"Tag-along. If any Member proposes to transfer interests representing more than [Tag-along threshold e.g. fifty per cent (50%)] of the aggregate interests in the LLP to a third party, each other Member shall be entitled (but not obliged) to participate in such transfer pro rata, on the same terms.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000050-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000094-0000-4000-a000-000000000094","order":94,"text":"The Selling Members shall give written notice to the other Members specifying the identity of the Proposed Purchaser, the consideration and all other material terms of the proposed transfer. Such notice shall be irrevocable.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"c1000050-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000095-0000-4000-a000-000000000095","order":95,"text":"13. RESTRICTIVE COVENANTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"displayConditions":[{"field":"c1000040-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}],"sectionNum":"S13"},{"id":"a1000096-0000-4000-a000-000000000096","order":96,"text":"Each Member covenants with the LLP and each of the other Members that, for a period of [Restrictive period e.g. twelve (12)] months following the date on which that Member ceases to be a member of the LLP for any reason (the "Restricted Period"), that Member shall not, whether directly or indirectly, alone or jointly with any other person, and whether as principal, agent, partner, employee, consultant or otherwise:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000040-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000097-0000-4000-a000-000000000097","order":97,"text":"— Non-compete. carry on, be engaged or interested in any business which competes with the Business of the LLP within [Geographic scope e.g. the United Kingdom];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"c1000040-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000098-0000-4000-a000-000000000098","order":98,"text":"— Non-solicitation of clients. solicit, canvass or approach, or cause to be solicited, any person who at any time during the 12 months preceding cessation was a client or customer of the LLP, with a view to providing goods or services in competition with the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"c1000040-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000099-0000-4000-a000-000000000099","order":99,"text":"— Non-solicitation of staff. solicit or entice away from the LLP, or endeavour to do so, any person who is at the date of cessation a member, employee or consultant of the LLP; or","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"c1000040-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000100-0000-4000-a000-000000000100","order":100,"text":"— Non-interference. interfere with the relationship between the LLP and any of its suppliers, agents or contractors.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"c1000040-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000101-0000-4000-a000-000000000101","order":101,"text":"Each Member acknowledges that the restrictions set out above are reasonable and necessary for the protection of the legitimate business interests of the LLP and the other Members. If any restriction is held by any court of competent jurisdiction to be void, but would be valid if some part were deleted or its scope reduced, that restriction shall apply with such modification as is necessary to make it valid and enforceable.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"c1000040-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000102-0000-4000-a000-000000000102","order":102,"text":"14. CONFIDENTIALITY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S14"},{"id":"a1000103-0000-4000-a000-000000000103","order":103,"text":"Each Member shall keep confidential all information of a confidential nature relating to the LLP, its Business, clients, suppliers and affairs, and shall not at any time disclose such information to any third party, except as required by law or with the prior written consent of the other Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000104-0000-4000-a000-000000000104","order":104,"text":"The obligations of confidentiality shall continue indefinitely, notwithstanding the termination of this Agreement or the cessation of any Member's membership of the LLP.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000105-0000-4000-a000-000000000105","order":105,"text":"15. DISPUTE RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S15"},{"id":"a1000106-0000-4000-a000-000000000106","order":106,"text":"The Members shall use all reasonable endeavours to resolve any dispute arising out of or in connection with this Agreement amicably and in good faith.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000107-0000-4000-a000-000000000107","order":107,"text":"If any dispute cannot be resolved within 30 days of being raised in writing, the Members shall first attempt to settle it by mediation in accordance with the Centre for Effective Dispute Resolution (CEDR) Model Mediation Procedure before commencing any court proceedings.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000108-0000-4000-a000-000000000108","order":108,"text":"16. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S16"},{"id":"a1000109-0000-4000-a000-000000000109","order":109,"text":"Any notice or other communication given under or in connection with this Agreement shall be in writing, in the English language, and shall be delivered by hand, sent by pre-paid first-class post or sent by email to the relevant party at the address or email address set out in Schedule 3 (or such other address as may be notified in writing).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000110-0000-4000-a000-000000000110","order":110,"text":"A notice shall be deemed to have been received: if delivered by hand, on signature of a delivery receipt; if sent by pre-paid first-class post, at 9.00 a.m. on the second Business Day after posting; and if sent by email, at the time of transmission, provided no delivery failure notification is received.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000111-0000-4000-a000-000000000111","order":111,"text":"17. GENERAL","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S17"},{"id":"a1000112-0000-4000-a000-000000000112","order":112,"text":"Entire Agreement. This Agreement (together with any documents referred to in it) constitutes the entire agreement between the Members in relation to the LLP and supersedes all prior agreements, arrangements and understandings between them.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000113-0000-4000-a000-000000000113","order":113,"text":"Variation. No variation of this Agreement shall be effective unless in writing and signed by all the Members.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000114-0000-4000-a000-000000000114","order":114,"text":"Severance. If any provision of this Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. The remainder of the Agreement shall continue in full force and effect.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000115-0000-4000-a000-000000000115","order":115,"text":"Third party rights. A person who is not a party to this Agreement shall have no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any of its terms.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000116-0000-4000-a000-000000000116","order":116,"text":"Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed shall constitute an original, but all the counterparts together shall constitute one and the same instrument.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000117-0000-4000-a000-000000000117","order":117,"text":"18. GOVERNING LAW AND JURISDICTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"15","cflou":false,"active":true,"sectionNum":"S18"},{"id":"a1000118-0000-4000-a000-000000000118","order":118,"text":"This Agreement and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by, and construed in accordance with, the laws of England and Wales.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1000119-0000-4000-a000-000000000119","order":119,"text":"Each Member irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true},{"id":"a1000120-0000-4000-a000-000000000120","order":120,"text":"IN WITNESS WHEREOF this Agreement has been executed by the parties on the date first written above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"40","cflou":false,"active":true},{"id":"a1000121-0000-4000-a000-000000000121","order":121,"text":"SIGNED for and on behalf of [LLP Name] LLP","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000122-0000-4000-a000-000000000122","order":122,"text":"_____________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000123-0000-4000-a000-000000000123","order":123,"text":"[Member 1 Full Name]","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000124-0000-4000-a000-000000000124","order":124,"text":"_____________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"a1000125-0000-4000-a000-000000000125","order":125,"text":"[Member 2 Full Name]","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a1000126-0000-4000-a000-000000000126","order":126,"text":"_____________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="}]},{"id":"a1000127-0000-4000-a000-000000000127","order":127,"text":"[Member 3 Full Name]","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="}]},{"id":"a1000128-0000-4000-a000-000000000128","order":128,"text":"_____________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="},{"field":"c1000001-0000-4000-a000-000000000001","value":"3","type":"remove","operator":"="}]},{"id":"a1000129-0000-4000-a000-000000000129","order":129,"text":"[Member 4 Full Name]","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="},{"field":"c1000001-0000-4000-a000-000000000001","value":"3","type":"remove","operator":"="}]},{"id":"a1000130-0000-4000-a000-000000000130","order":130,"text":"SCHEDULE 1 — INITIAL CAPITAL CONTRIBUTIONS","fontSize":"16","textAlign":"center","bold":true,"underline":true,"marginTop":"40","marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"c1000020-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000131-0000-4000-a000-000000000131","order":131,"text":"[Member 1 Full Name] — £[Member 1 Capital Contribution]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000020-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000132-0000-4000-a000-000000000132","order":132,"text":"[Member 2 Full Name] — £[Member 2 Capital Contribution]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000020-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="}]},{"id":"a1000133-0000-4000-a000-000000000133","order":133,"text":"[Member 3 Full Name] — £[Member 3 Capital Contribution]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000020-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="},{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="}]},{"id":"a1000134-0000-4000-a000-000000000134","order":134,"text":"[Member 4 Full Name] — £[Member 4 Capital Contribution]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000020-0000-4000-a000-000000000001","value":"1","type":"add","operator":"="},{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="},{"field":"c1000001-0000-4000-a000-000000000001","value":"3","type":"remove","operator":"="}]},{"id":"a1000135-0000-4000-a000-000000000135","order":135,"text":"SCHEDULE 2 — PROFIT AND LOSS SHARING","fontSize":"16","textAlign":"center","bold":true,"underline":true,"marginTop":"40","marginBottom":"20","cflou":false,"active":true},{"id":"a1000136-0000-4000-a000-000000000136","order":136,"text":"[Member 1 Full Name] — [Member 1 Profit Share %]%","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000137-0000-4000-a000-000000000137","order":137,"text":"[Member 2 Full Name] — [Member 2 Profit Share %]%","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000138-0000-4000-a000-000000000138","order":138,"text":"[Member 3 Full Name] — [Member 3 Profit Share %]%","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="}]},{"id":"a1000139-0000-4000-a000-000000000139","order":139,"text":"[Member 4 Full Name] — [Member 4 Profit Share %]%","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="},{"field":"c1000001-0000-4000-a000-000000000001","value":"3","type":"remove","operator":"="}]},{"id":"a1000140-0000-4000-a000-000000000140","order":140,"text":"SCHEDULE 3 — NOTICES","fontSize":"16","textAlign":"center","bold":true,"underline":true,"marginTop":"40","marginBottom":"20","cflou":false,"active":true},{"id":"a1000141-0000-4000-a000-000000000141","order":141,"text":"The LLP: [Registered Office Address]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000142-0000-4000-a000-000000000142","order":142,"text":"[Member 1 Full Name]: [Member 1 Address], email: [Member 1 Email]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000143-0000-4000-a000-000000000143","order":143,"text":"[Member 2 Full Name]: [Member 2 Address], email: [Member 2 Email]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a1000144-0000-4000-a000-000000000144","order":144,"text":"[Member 3 Full Name]: [Member 3 Address], email: [Member 3 Email]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="}]},{"id":"a1000145-0000-4000-a000-000000000145","order":145,"text":"[Member 4 Full Name]: [Member 4 Address], email: [Member 4 Email]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"c1000001-0000-4000-a000-000000000001","value":"2","type":"remove","operator":"="},{"field":"c1000001-0000-4000-a000-000000000001","value":"3","type":"remove","operator":"="}]}]