Limited Liability Partnerships Act 2005 · 2020 Revised Edition · Part 2 · Nature of Limited Liability Partnership
14. Relationship of partners, etc.
Feedback & supportExcept as otherwise provided by this Act, the mutual rights and duties of the partners of a limited liability partnership, and the mutual rights and duties of a limited liability partnership and its partners, are governed —
limited liability partnership
“limited liability partnership” has the meaning given by section 4(1);
by the limited liability partnership agreement; or
in the absence of agreement as to any matter, by any provision relating to that matter set out in the First Schedule.
Any reference to a resolution of partners for a particular matter is a reference to a resolution passed by all or such number of partners as may be required by the limited liability partnership agreement for that matter.[10
limited liability partnership agreement
“limited liability partnership agreement”, in relation to a limited liability partnership, means any agreement expressed or implied between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to the limited liability partnership;