General Information Clauses

• Name of the LLP and its registered office address
  
• Date of incorporation and reference to the LLPIN (LLP Identification Number)
  
• Business objectives and nature of activities the LLP intends to carry out
  
• Duration of the LLP, whether perpetual or for a specific term
  
• Jurisdiction and applicable laws under which the agreement is governed
  

Partner-Related Clauses

• Details of partners and designated partners, including their roles and responsibilities
  
• Capital contribution by each partner—monetary, property, or services
  
• Profit-sharing and loss-sharing ratio among partners
  
• Terms for admission, retirement, resignation, expulsion, or death of a partner
  
• Procedures for appointment and change of designated partners
  

Management and Decision-Making Clauses

• Powers and duties of partners in day-to-day business and strategic decisions
  
• Rules for conducting meetings, quorum, and voting rights
  
• Matters requiring unanimous consent or majority approval
  
• Responsibilities for maintenance of books of accounts and financial records
  
• Restrictions on partners from engaging in competing businesses
  

Financial and Operational Clauses

• Banking arrangements, authorized signatories, and operation of bank accounts
  
• Allocation of remuneration, interest on capital, and drawings
  
• Guidelines for borrowing, lending, or investing LLP funds
  
• Procedures for distribution of profits and withdrawal of capital
  
• Terms related to audit, statutory filings, and compliance
  

Dispute Resolution and Termination Clauses

• Process for resolving disputes among partners—negotiation, mediation, or arbitration
  
• Conditions for voluntary winding up or dissolution of the LLP
  
• Rights and obligations during exit of a partner
  
• Indemnity clause for acts done in good faith by partners
  
• Governing law and jurisdiction for legal proceedings