According to section 2(1)(o) of the LLP Act, 2008, LLP Agreements mean any written agreement between the partners of the Limited Liability Partnership or between the Limited Liability Partnership and its partners which determines mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership.
It is compulsory to make LLP Agreement within 30 days of incorporation which should be printed on Stamp paper with requisite value and should be signed by partners.
| CLAUSE | Section Number along with relevant rules |
| INTERPRETATION / DEFINITIONS | Section 23(4) |
| DESIGNATED PARTNER | Section 7(1) and 7(2) read with rules 7 and 9 of the LLP rules 2009http://jinujaincs.com/blog-company-secretary-cs-legal-consultant/ |
| NAME OF THE LLP AND CHANGES TO IT | Section 5,16,19 read with rules 18 of LLP rules |
| REGISTERED OFFICE OF THE LLP | Section 13 read with Rule 17 of LLP rules |
| BUSINESS OF THE LLP | Section 23(4) read with the First schedule to the LLP Act 2008 |
| CAPITAL CONTRIBUTION | Section 3(3),32 and 33 read with rule 2 in the First schedule to the LLP Act 2008 |
| PROFIT SHARING RATIO | Section 42(1) of the LLP Act, 2008 |
| RIGHTS AND DUTIES OF DESIGNATED PARTNERS | Section 23(4) read with the First schedule of LLP Act 2008 |
| ADMISSION OF PARTNER, RETIREMENT RESIGNATION AND EXPULSION OF PARTNERS | Section 22,23read with the First schedule of LLP Act 2008 |
| REMUNERATION & INTEREST TO BE PAID TO PARTNERS | Section 23(4) |
| BANK ACCOUNT | Section 23(4) |
| BOOKS OF ACCOUNTS AND ACCOUNTING YEAR | Section 34(1) |
| MEETINGS | Section 23(4) |
| INDEMNITY | Section 23(4) read with First schedule |
| DISPUTE RESOLUTION | Section 23(4) read with First schedule |
| TERM OF LLP /WINDING UP | Section 63 & 64 |
| GENERAL PROVISIONS | Section 23(4) |
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