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Transfer of a general partnership to an LLP: novation agreement
Practical Law UK Standard Document 7-502-2786 (Approx. 9 pages)
Transfer of a general partnership to an LLP: novation agreement
by Fergus Payne, Lewis Silkin LLP
| Maintained • United Kingdom |
A novation agreement in relation to conversion of a general partnership to a limited liability partnership (LLP).
The standard document should be used where an existing general partnership is transferring its entire business to a LLP and it is necessary for an existing contract relating to the business to be vested in the LLP.