Thanks a lot for all your help now please let me prapose the Agreement in front of you guys and give me your valuable comments
I will be obliged
Partner A ----- CHAIRPERSON AND MANAGING PARTNER
PARTNER B------ SENIOR PARTNER
PARTNER C----- SENIOR PARTNER
* NO RENT WILL BE SHARD FOR THE OFFICE SPACE
* NO FURNISHING AND DEVELOPMENT COST WILL BE CHARGED
RATIO OF THE PARTNERS FOR PROFIT AND LOSS SHARING
A B C
40: 30: 30= 100%
Out of which 5% will be deposited by A as the social corporate Responsibility towards an NGO which will be created by the fir itself.
The partner will be sharing the expenses of the Office boy, receptionist, expenditure in any case like gifting, Internet exp,electricity and other Misc expenses.etc equally
No Private practice will be allowed by any of the person. Partner will be abide by the Terms and Condition.
Incentives will be given by the Firm (A) if any kind of work is brought to the firm extraordinarily.
Firm is planning to work PAN India Network basis. In future foreign collaboration can might take place.
No work will be forwarded to any other Lawyer but we can take legal opinion but in the end we should try it own.
Sr. Partner Sr. Partner
Partner( Future) Partner(Future)
The LLP agreement will be prepared by the partner A to rest of the partners. Partner A will be holding Rights and other statutory Compliance for LLP Firm.