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Q: How is retirement dealt with in an LLP?
A: An LLP agreement will usually provide that a member wishing to leave gives e.g. 6 or 12 months' notice. He or she then has the right to receive undrawn profits…
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Glossary

Term	Description
Arbitration	Arbitration is an alternative method of resolving disputes without the need to go to court. The parties agree, when they enter into an agreement (in the case of partnership a Partnership Agreement) that they will use arbitration to resolve disputes. An arbitrator is appointed under the terms of the agreement to decide an outcome of the dispute. The decision of the arbitration is binding on the parties. The Arbitration Act 1996 sets out rules for the conduct of the artbitration. Ralli's expert solicitors have experience of dealing with arbitration and representing parties in arbitrations.

Term

Description

Arbitration

Arbitration is an alternative method of resolving disputes without the need to go to court. The parties agree, when they enter into an agreement (in the case of partnership a Partnership Agreement) that they will use arbitration to resolve disputes. An arbitrator is appointed under the terms of the agreement to decide an outcome of the dispute. The decision of the arbitration is binding on the parties. The Arbitration Act 1996 sets out rules for the conduct of the artbitration. Ralli's expert solicitors have experience of dealing with arbitration and representing parties in arbitrations.