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4. Duration: The partnership will start from the date of registration of the company and will continue to work by mutual agreement between the 24, in accordance with the provisions of the LLP Act 2008 and the rules laid down therein. The legal advisors of the Registry are able to sever: this document represents the entire agreement between the parties, which prevail over and replace any prior or simultaneous oral or written agreement. Except as otherwise provided, this document may not be modified, supplemented, cancelled or cancelled in whole or in part, except in the case of a written act signed by all parties to this document. The invalidity or impraability of the terms or provisions of this document shall not affect the validity or enforceability of the other provisions and provisions of this document which remain in full force and effect and this LLP Agreement, which is at ………. the………….. Day of ………….. 20………. BETWEEN………..
N/a ……….. R/o…………….. Residence in…. the expression, unless it is repugnant to the object or context thereof, includes their legal heirs, successors, nominees and authorized assigns, hereinafter referred to as Part I, and ………….. N/a ……….. R/o…………….. Residence in…. which expressions, unless they are repugnant to the subject matter or context of the subject, include their legal heirs, successors, nominees and authorized assigns and eligible successors, hereinafter referred to as PARTY TWO, and that THEY BECOME THE TWO PARTNERS designated at the time of the creation of the LLP to manage the partnership activities as a Limited Liability Partnership (LLP), registered in accordance with the provisions of the Limited Liability Partnership Act, 2008 (LLP Act) with respect to profits/losses DEFINITIONS under the following conditions: In this agreement, unless the context requires otherwise: – 19. The value of the stamp document on which the LLP agreement or the stamp duty on the LLP agreement is printed depends on the state of establishment and the amount of the partners` capital contribution. Arbitration: in the event of a dispute or dispute that arises between the parties that affect or concern either the design, service or effect of this act, or the respective rights and obligations of the parties or their application, it shall first be settled amicably through discussions between the parties and, if not resolved, referred to arbitration by a sole arbitrator; where agreed. Otherwise, the individual arbitrator as appointed by the Tribunal in accordance with the provisions of arbitration and conciliation, 1996 Act. The arbitration shall be conducted in New Delhi in English.
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