Hrishikesha, Vidyamurthy, Ragupraveera and Vidyadheesha proposes to register a Limited Liability Partnership (LLP) to publish books and historical literature. Draft the following clauses of an LLP agreement, as requested
CS Professional · Drafting, Pleadings and Appearances · PYQS · December 2024
Hrishikesha, Vidyamurthy, Ragupraveera and Vidyadheesha proposes to register a Limited Liability Partnership (LLP) to publish books and historical literature. Draft the following clauses of an LLP agreement, as requested by them: Extent of liability of the LLP.
Answer & Explanation:
Extent of liability of the LLP The LLP is not bound by anything done by a partner in dealing with a person if: the partner in fact has no authority to act for the LLP in doing a particular act the person knows that he has no authority or does not know or believe him to be a partner of the LLP.
Topics: Limited Liability Partnership (LLP) Law
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