Sakshi Tuteja (3 Points)30 November 2021
Q1. Whether there can be a capital clause where full 100% profit is invested by one partner and other partner is contributing technical knowledge and his service.
Q2. If I draft such agreement and get it executed then in future if both partners want to register LLP/Pvt Lt company, how will registration happen? Will there be any problem in submission of LLP form online if only one partner is contributing money and other is contribution knowledge?
Q3. How shall I draft Dissolution clause, as partner A wants to reinvest his share in business and at the time of dissolution he wants his accumulated share from the business.
Q4. Also suggest other clauses which can be included in the agreement to protect the interest of both the parties.