Drafting a Partnership Deed and LLP Agreement
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Drafting effective partnership deeds and LLP agreements is crucial for business success. This self-paced course provides a deep dive into understanding and creating these documents. You'll explore the fundamentals of LLP agreements (including their contents), the relationship with the LLP Act, and key clauses.
Additionally, you'll learn about essential elements such as partners' roles, capital contributions, profit sharing, and dispute resolution. Practical assignments and insights from leading cases will enhance your drafting skills, making this course invaluable for legal professionals, business owners, and law students looking to master contract drafting.
Enrol now to ensure your agreements are legally sound and practically effective!
Why Take This Course?
- Draft with Confidence: Gain a solid understanding of drafting key agreements, including partnership deeds and LLP agreements. Equip yourself with the knowledge to create legally sound documents.
- Master Important Clauses: Learn to craft essential contract clauses, such as introductory clauses, performance-related clauses, definitions, interpretations, dispute resolution clauses, and confidentiality provisions.
- Complete Contract Drafting Process: Engage in a hands-on approach to contract drafting, from pre-contractual instruments to the review and revision process. Develop practical skills that are directly applicable to your professional work.
- Utilise MS Word: Discover how to effectively use MS Word's track/redline mode for efficient collaboration and editing. This technical proficiency will streamline your drafting and editing workflow.
- Career Advancement: Enhance your career prospects with specialised knowledge in corporate law and transactional practice. Whether you're a legal professional, business owner, or law student, this course opens doors to exciting opportunities in your field.
Who Should Take This Course?
- Law Students and Recent Graduates: Build a strong foundation in drafting key agreements and gain practical skills that will set you apart in the competitive field of corporate law.
- Legal Professionals: Enhance your expertise in contract drafting, including essential clauses and the complete drafting process, to excel in your practice and provide exceptional service to your clients.
- In-House Counsels and Lawyers: Improve your ability to draft and review partnership deeds and LLP agreements, ensuring your documents are legally sound and effective.
- Chartered Accountants, Company Secretaries, and Cost & Work Accountants: Deepen your understanding of legal agreements related to your field and enhance your ability to advise clients on contractual matters.
- Government Officials and Academicians: Gain insights into the intricacies of contract law to better understand and draft agreements in your professional capacity.
- Business Owners and Managers: Equip yourself with the skills to draft and review contracts, ensuring your business agreements are robust and legally compliant.
- Chief Executive Officers and Company Directors: Learn the nuances of contract drafting to oversee and ensure the legal integrity of your company’s agreements.
- Prospective Entrepreneurs: Develop the ability to draft key agreements as you start and grow your business, ensuring all contractual bases are covered.
Course Structure
Engaging and Structured Videos: Learn at your own pace with our expertly crafted video lectures delivered by leading industry professionals. Whether you are exploring a new area of law or reinforcing your existing expertise, the series of short videos (around 2-3 minutes each) empower you to learn at your own pace, revisiting concepts as needed. Each video segment is thoughtfully crafted to explain the practical applications and processes related to the specific Definition, Concept, Explanation, Section, or Article being covered.
Practical Assignments and Solutions: Solidify your knowledge with practical exercises that put theory into action. Wherever required, practical assignments are explained in detail through ‘Solutions Videos’ or ‘Solutions Guide’, wherein our experts walk you through each and every step for solving practical legal problems either through videos or a documentary guide.
Q&A for Knowledge Mastery: Test your understanding and gain clarity through Multiple Choice Questions (MCQs) at the end of Chapters. These MCQs test your comprehension and application of mind ensuring you have the right understanding of the course material.
- 1. 📕 Drafting of Partnership Deed
- 1.1 ▸ What is the necessity of drafting a partnership deed?
- 1.2 ▸ What is the relationship between the partnership act and partnership deed?
- 1.3 ▸ Introduction to drafting the clauses of partnership deed
- 1.4 ▸ Drafting clauses related to name, business, capital contribution of partners and profit and loss
- 1.5 ▸ Drafting clauses related to management rights of the partners and restraint of trade
- 1.6 ▸ Drafting clauses related to accounts and duration of the partnership firm
- 1.7 ▸ Drafting clauses related to admission of new partners and exit of partners
- 1.8 ▸ Drafting clauses related to consequences of death, resignation and cessation of a partner
- 1.9 ▸ Drafting clauses related to transfer restrictions
- 1.10 ▸ Registration and stamp duty on a partnership deed
- 1.11 ▸ Conclusion
- ☆ Feedback
- ✍️ Assignment: Partnership Deed and LLP Agreement
- ✍️ Assignment
- ✅ Solution
- 2. 📕 Drafting an LLP Agreement—Going over an LLP Agreement—Understanding the basics of an LLP Agreement
- 2.1 ▸ What is an LLP Agreement?
- 2.2 ▸ Relation between the LLP Act and the LLP Agreement
- 2.3 ▸ Contents of an LLP Agreement
- 3. 📕 Introduction to the basic elements of an agreement
- 3.1 ▸ Title and name of the parties
- 3.2 ▸ Recitals
- 3.3 ▸ Definitions
- 3.4 ▸ Interpretation clause
- 4. 📕 Understanding the clauses—Scope, organisational matters and purpose of an LLP
- 4.1 ▸ Scope and purpose of the agreement
- 4.2 ▸ Organisational matters and purpose of an LLP
- 5. 📕 Partners and designated partners clause
- 5.1 ▸ Introduction to the clause
- 5.2 ▸ Drafting the designated partner clause
- 5.3 ▸ Drafting the clause—Admission of a new partner
- 5.4 ▸ Drafting the clause—Rights and obligations of the partners
- 5.5 ▸ Drafting the clause—Duties of the partners
- 6. 📕 Meetings
- 6.1 ▸ Drafting the clause—Meetings
- 6.2 ▸ Drafting clause on the conduct of meeting
- 6.3 ▸ Drafting clause on notice and agenda to call a meeting
- 6.4 ▸ Drafting the clause on quorum and reserve matters
- 6.5 ▸ Drafting the clause on deadlock
- 7. 📕 Capital contribution, profit sharing and transfer of interest
- 7.1 ▸ Drafting the clause—Capital contribution and profit share
- 7.2 ▸ Transfer of interest
- 7.3 ▸ Drafting the clause—Right of first offer
- 7.4 ▸ Drafting the clause—Right of first refusal
- 7.5 ▸ Drafting the clause—Tag-along & Drag-along rights
- 8. 📕 Cessation of existing partners, default and winding up
- 8.1 ▸ Drafting the clause — Cessation of existing partners
- 8.2 ▸ Drafting the clause—An event of default
- 8.3 ▸ Drafting the clause — winding up
- 9. 📕 Accounts, title to property and borrowing powers
- 9.1 ▸ Drafting the accounts clause
- 9.2 ▸ Drafting the clause — Title to property
- 9.3 ▸ Drafting the clause on borrowing powers
- 10. 📕 Liability of LLP, indemnity, representation and dispute resolution
- 10.1 ▸ Drafting the clause on liability of the LLP and the partners
- 10.2 ▸ Understanding what is an indemnity, representation and warranty
- 10.3 ▸ Drafting the clause on indemnity
- 10.4 ▸ Drafting the clause on representation and warranty
- 10.5 ▸ Drafting the clause on dispute resolution mechanism
- 11. 📕 Conclusion
- 11.1 ▸ Conclusion
- ☆ Feedback
- 📚 Readings
- 📚 Readings
- ✍️ Assignment: Partnership Deed and LLP Agreement
- ✍️ Assignment
- ✅ Solution: LLP Agreement between two partners
Instructors
Juhi Roy
Partner, Petkar Legal
Juhi Roy has previously worked as a Senior Associate in the General Corporate team of Argus Partners, Kolkata. She has also worked with Cyril Amarchand Mangaldas, Mumbai; Network 18 Media and Investments Limited, Mumbai; Wadia Ghandy & Co., Mumbai; and SA Partners, Mumbai.
Presented by Pradyumna Anil Purohit
Instructor & Editor, EBC Learning
Pradyumna is a Course Author, Instructional Designer, and Innovator at EBC Learning. He is also the Chief Academic Consultant at Mahatma Gandhi Centre for Peace Studies, O.P. Jindal Global University. He was formerly an Assistant Professor at Jindal Global Law School.
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