Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Operating Agreement Llp
"I need an Operating Agreement LLP for a new technology consulting partnership being formed in Manchester with 4 founding members, where two members will be designated members with enhanced voting rights, and we need strong IP protection clauses."
1. Parties: Identification of all LLP members and their details
2. Background: Context and purpose of the LLP formation
3. Definitions: Key terms used throughout the agreement
4. Business of the LLP: Description of the LLP's primary activities and objectives
5. Capital Contributions: Details of members' initial and ongoing capital contributions
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management Structure: Governance and decision-making processes
8. Members' Duties and Obligations: Rights and responsibilities of members
9. Meetings and Voting: Procedures for member meetings and voting rights
1. Intellectual Property Rights: Provisions governing IP ownership and usage rights when IP is significant to the business
2. Non-Competition: Restrictions on competitive activities to protect business interests from member competition
3. International Operations: Rules for international business activities when operating across multiple jurisdictions
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of members' initial investments
2. Schedule 2: Members' Details: Complete member information and contact details
3. Schedule 3: Business Plan: Initial business plan and strategic objectives
4. Appendix A: Accounting Policies: Agreed accounting principles and procedures
Authors
Accounting Period
Annual Budget
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Defaulting Member
Designated Member
Drawing Account
Financial Year
Initial Capital Contribution
Intellectual Property Rights
LLP
LLP Property
Management Board
Managing Member
Member
Member's Interest
Membership Rights
Ordinary Resolution
Profit Share
Profits
Quarter
Registered Office
Regulatory Requirements
Reserved Matters
Special Resolution
Termination Date
Transfer
Voting Rights
Working Capital
Amendments to Agreement
Anti-Money Laundering
Assignment and Transfer
Banking and Financial Matters
Business Management
Capital Contributions
Confidentiality
Conflicts of Interest
Death of a Member
Decision Making
Dispute Resolution
Distribution of Profits
Entire Agreement
Expulsion of Members
Force Majeure
Governing Law and Jurisdiction
Indemnification
Insurance
Intellectual Property
Management Structure
Meetings
Member Obligations
Non-Competition
Non-Solicitation
Notices
Profit and Loss Allocation
Record Keeping
Retirement of Members
Severability
Tax Matters
Termination
Variation
Voting Rights
Winding Up
Find the exact document you need
Bylaws And Operating Agreement
A governing document under English and Welsh law that sets out company rules, procedures, and operational guidelines.
Limited Liability Company Contract
A governing document for limited liability companies under English and Welsh law that establishes company rules, shareholder rights, and management structure.
LLC Operating Agreement Bank Account
An operating agreement governing LLC bank account management and controls under English and Welsh law.
LLC Holding Company Operating Agreement
A governing document for holding company operations under English and Welsh law, defining structure, management, and member rights.
Single Member Managed LLC Operating Agreement
A governing agreement for a single-member managed LLC, adapted for compliance with English and Welsh law.
Custom Operating Agreement
A legally binding document under English and Welsh law that establishes the operational framework and governance structure of a business entity.
Construction LLC Operating Agreement
A legal framework document governing the operation of a construction-focused limited liability company under England and Wales law.
Llp Operating Agreement
A governing document for Limited Liability Partnerships under English and Welsh law that sets out member rights, responsibilities, and operational procedures.
LLC Buyout Agreement
An agreement under English and Welsh law governing the sale of LLC membership interests between selling and buying parties.
Single Owner LLC Operating Agreement
A governing document for a single-member private limited company under English and Welsh law, establishing management and operational procedures.
Limited Liability Company Operating Agreement
A governing document that establishes management and operational procedures for limited liability companies under English and Welsh law.
Construction Operating Agreement
A legally binding agreement under English and Welsh law that establishes operational procedures and responsibilities for construction projects.
Profit Sharing Agreement Between Partners
An English law agreement defining profit-sharing arrangements between business partners, including calculation methods and distribution terms.
Limited Partnership Operating Agreement
An English law agreement governing the operation and management of a limited partnership, defining partner rights and obligations.
LLC Ownership Percentage Agreement
A legal agreement under England and Wales law that defines and governs ownership stakes and rights in a Limited Liability Company.
Member Managed Operating Agreement
A legal agreement under English and Welsh law defining how members manage and operate a limited liability company.
Operating Agreement For Bank Account
A legally binding agreement under English and Welsh law that governs the operation of a bank account, establishing terms and conditions between the bank and account holder(s).
Sole Proprietorship Operating Agreement
A governing document for sole trader businesses under English and Welsh law, establishing operational procedures and business management framework.
Multi Member LLC Operating Agreement
A governing document for multi-member business entities under English and Welsh law, establishing operational and management frameworks for LLPs or Ltd companies.
Member Managed LLC Operating Agreement
A governing agreement for business operations under English and Welsh law, structured for either an LLP or Ltd company format.
Shareholder Operating Agreement
A legal agreement under English and Welsh law that governs the relationship between shareholders and establishes company operating procedures.
Real Estate LLC Operating Agreement
A governing document for real estate investment entities under England and Wales law, establishing operational and management frameworks.
Manager Managed LLC Operating Agreement
A governing document for manager-managed LLCs operating under England and Wales law, establishing operational and management frameworks.
LLC Shareholder Agreement
A legally binding agreement governing shareholder relationships and rights in an LLC under English and Welsh law.
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.