The Limited Liability Partnership Agreement is a crucial document for professionals and businesses seeking to establish a partnership structure in Nigeria that combines operational flexibility with limited liability protection. This agreement, governed by Nigerian law and particularly the Companies and Allied Matters Act (CAMA) 2020, is essential for professional service firms, consulting practices, and other business partnerships where partners want to maintain professional autonomy while limiting their personal liability. The document provides comprehensive coverage of partnership formation, management, financial arrangements, and operational procedures, making it suitable for both small professional practices and larger multi-partner firms. It includes specific provisions required by Nigerian law while allowing customization to meet specific business needs and professional requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all founding partners and the LLP entity
2. Background: Context of the partnership formation and basic intentions of the parties
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and interpretation rules
4. Formation and Name: Details of partnership formation, name, and registration requirements
5. Duration: Term of the partnership and conditions for continuation
6. Business of the Partnership: Scope and nature of partnership business activities
7. Capital Contributions: Initial and subsequent capital contributions by partners
8. Partnership Interests: Partners' ownership percentages and rights
9. Management Structure: Management roles, designated partners, and decision-making processes
10. Partners' Rights and Obligations: Detailed rights, duties, and responsibilities of partners
11. Meetings and Voting: Procedures for partner meetings and voting mechanisms
12. Financial Matters: Financial management, accounting practices, and distribution of profits
13. Banking and Financial Records: Banking arrangements and maintenance of financial records
14. Addition of New Partners: Process and conditions for admitting new partners
15. Retirement and Withdrawal: Procedures for partner retirement or voluntary withdrawal
16. Expulsion of Partners: Grounds and procedures for partner expulsion
17. Dissolution and Winding Up: Circumstances and procedures for partnership dissolution
18. Dispute Resolution: Procedures for resolving internal disputes
19. Notices: Communication procedures between partners and the partnership
20. Governing Law: Specification of Nigerian law as governing law
21. General Provisions: Miscellaneous legal provisions including severability and entire agreement
1. Intellectual Property Rights: For partnerships involving IP assets or creative work
2. Non-Competition and Non-Solicitation: Restrictions on competitive activities, used in professional services partnerships
3. Professional Indemnity Insurance: For partnerships providing professional services
4. International Operations: For partnerships operating across multiple jurisdictions
5. Compliance with Regulatory Requirements: For heavily regulated industries like financial services or healthcare
6. Technology and Data Protection: For partnerships handling sensitive data or technology
7. Environmental Compliance: For partnerships in industries with environmental impact
8. Islamic Finance Compliance: For partnerships requiring Sharia compliance
9. Corporate Social Responsibility: For partnerships with specific social impact objectives
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Schedule 2 - Partnership Interests: Detailed allocation of partnership interests and voting rights
3. Schedule 3 - Management Structure: Detailed organizational structure and management responsibilities
4. Schedule 4 - Business Plan: Initial business plan and strategic objectives
5. Schedule 5 - Properties and Assets: List of partnership properties and major assets
6. Schedule 6 - Designated Partners: Details of designated partners and their specific duties
7. Appendix A - Partner Information: Detailed information about each partner including contact details
8. Appendix B - Financial Procedures: Detailed financial and accounting procedures
9. Appendix C - Compliance Policies: Internal compliance policies and procedures
Find the exact document you need
Business Agreement
A legally binding document under Nigerian law that establishes terms and conditions for business relationships between parties, ensuring compliance with local regulations and protecting all parties' interests.
Download
House Rent Agreement Form
A Nigerian law-compliant agreement establishing terms and conditions for residential property rental between landlord and tenant.
Download
Consignment Agreement Form
A Nigerian law-governed agreement establishing terms for consignment sales arrangements, detailing rights and obligations of consignor and consignee.
Download
General Tenancy Agreement
A Nigerian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant, governed by the Recovery of Premises Act and state rent control laws.
Download
Standard Form Contract
A standardized contract template compliant with Nigerian law, designed for repeated use in similar business transactions.
Download
Money Agreement Between Two Parties
A Nigerian law-governed agreement establishing terms and conditions for a monetary loan between two parties, including loan amount, interest rates, and repayment terms.
Download
Side Agreement
A supplementary contract under Nigerian law that modifies or adds to an existing agreement's terms while maintaining compliance with Nigerian legal requirements.
Download
Mutual Agreement Between Two Parties
A bilateral agreement under Nigerian law establishing mutual rights and obligations between two parties, with comprehensive terms for business collaboration.
Download
Incorporation Agreement
A Nigerian law-governed agreement establishing a new company's structure, shareholding, and governance framework under CAMA 2020.
Download
Fixed Term Tenancy Agreement
A Nigerian law-governed agreement establishing terms and conditions for fixed-term property rental, defining rights and obligations of landlord and tenant.
Download
Casual Worker Contract
A Nigerian law-compliant contract establishing terms and conditions for casual employment relationships with flexible working arrangements.
Download
Boilerplate Agreement
A versatile Boilerplate Agreement template under Nigerian law, providing standardized terms for business relationships while ensuring compliance with local legal requirements.
Download
Tooling Agreement
A Nigerian law-governed agreement establishing terms for industrial tooling equipment, including design, manufacture, use, maintenance, and ownership rights.
Download
Representation Agreement
A Nigerian law-governed agreement establishing and regulating the relationship between a principal and their appointed representative, defining authority, terms, and obligations.
Download
Notary Rent Agreement
A legally authenticated rental agreement under Nigerian law, executed before a Notary Public, establishing terms and conditions for property rental.
Download
Land Agreement Between Two Parties
A Nigerian law-governed agreement for land transfer between two parties, ensuring compliance with the Land Use Act and state regulations.
Download
Contract Agreement Between Two Parties
A standard Nigerian law-compliant contract agreement template for establishing legal relationships between two parties, incorporating all essential elements required under Nigerian contract law.
Download
Common Terms Agreement
A Nigerian-law governed agreement establishing standard terms for syndicated lending transactions, harmonizing multiple facility agreements under one master document.
Download
Buyer Agency Agreement
A Nigerian law-governed agreement establishing the terms and conditions under which a real estate agent represents a buyer in property transactions.
Download
Contra Agreement
A Nigerian law-governed agreement establishing terms and conditions between a service provider and recipient, defining service scope, obligations, and mutual responsibilities.
Download
Security Agreement Form
A Nigerian law-governed agreement creating and evidencing security interests over assets, establishing rights and obligations between security provider and holder.
Download
House Construction Agreement Between Owner Contractor
A Nigerian law-governed agreement between property owner and contractor for residential house construction, defining work scope, terms, and obligations.
Download
Lodger Agreement
A Nigerian law-governed agreement establishing terms for a lodger's occupation of a room in an owner-occupied property.
Download
Head Of Terms Agreement
A preliminary agreement under Nigerian law outlining key commercial and legal terms for a proposed transaction or business arrangement.
Download
Professional Services Retainer Agreement
A Nigerian law-governed agreement establishing terms for ongoing professional services provided on a retainer basis.
Download
Supply Contract Form
A Nigerian law-governed contract template establishing terms and conditions for the supply of goods between commercial parties.
Download
Business Contract
A Nigerian business contract template for commercial relationships, compliant with CAMA 2020 and Nigerian commercial law.
Download
Bike Sale Agreement
A Nigerian law-governed agreement for the sale and purchase of a bike, ensuring legal compliance and protecting both parties' interests.
Download
Umbrella Agreement
A Nigerian law-governed master agreement establishing framework terms for future specific agreements between parties.
Download
Share Purchase Agreement
A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion requirements.
Download
Work Contract
A Nigerian law-governed employment agreement establishing terms and conditions between employer and employee, ensuring compliance with local labor legislation.
Download
Volunteer Contract
A Nigerian law-governed agreement establishing the terms and conditions of a voluntary service relationship between an organization and a volunteer.
Download
Voluntary Service Agreement
A Nigerian law-governed agreement establishing the terms and conditions between an organization and a volunteer, outlining responsibilities and protections for both parties.
Download
Virtual Assistant Contract
A Nigerian law-governed agreement establishing terms and conditions for virtual assistant services, including scope, compensation, and compliance requirements.
Download
Vendor Services Agreement
Nigerian law-governed agreement defining terms and conditions for vendor service provision, including scope, payment, and performance standards.
Download
Vendor Contract
A Nigerian law-governed agreement establishing terms and conditions between a customer and vendor for the supply of goods/services.
Download
Vending Machine Agreement
A Nigerian law agreement governing the installation and operation of vending machines, including revenue sharing and operational requirements.
Download
Vehicle Agreement Between Two Parties
A legally binding vehicle sale and purchase agreement between two parties under Nigerian law, documenting transfer terms and ownership rights.
Download
Trust Contract
A Nigerian law-governed document establishing a trust arrangement between settlor, trustees, and beneficiaries, defining asset management and distribution terms.
Download
Tripartite Contract
A Nigerian law-governed tripartite contract establishing legal relationships and obligations between three parties in a commercial arrangement.
Download
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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)