1. Parties: Identification of all partners/members forming the LLC, including their full legal names, addresses, and contact details
2. Background: Context of the partnership formation, brief description of the business purpose, and partners' intention to form an LLC
3. Definitions: Detailed definitions of terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Formation and Name: Details of LLC formation, registered name, registered office address, and business commencement date
5. Business Purpose: Specific description of real estate activities to be undertaken by the LLC, including permitted business activities
6. Capital Contributions: Initial and subsequent capital contributions by each partner, valuation of non-cash contributions, and capital accounts maintenance
7. Ownership and Profit Sharing: Partnership ownership percentages, profit and loss sharing ratios, and distribution policies
8. Management Structure: Management rights, voting powers, appointment of managers, and decision-making processes
9. Operations: Day-to-day operational procedures, signing authority, and management responsibilities
10. Real Estate Activities: Specific provisions regarding property acquisition, development, management, and disposal
11. Financial Management: Banking, accounting procedures, audit requirements, and financial reporting obligations
12. Transfer of Interest: Procedures for transferring ownership interests, including right of first refusal and transfer restrictions
13. Exit Provisions: Partner withdrawal, retirement, death, or incapacity procedures and corresponding valuations
14. Dispute Resolution: Procedures for resolving disputes, including mediation and arbitration provisions
15. Termination: Conditions and procedures for partnership dissolution and winding up
16. Governing Law: Specification of Indian law as governing law and jurisdiction
17. General Provisions: Miscellaneous legal provisions including notices, amendments, and severability
