llp 

  • Higher cost of formation compared to a general partnership.


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 how to draft the following clause in a partnership deed 10. Dispute Resolution This clause explains how disputes between partners will be resolved. 💡  Example Clause: "In case of any dispute, the partners shall first attempt to resolve it  mutually . If unresolved, the dispute shall be referred to  arbitration  under the Arbitration and Conciliation Act, 1996." 📌  Tip:  Arbitration helps in  quick resolution  without going to court.
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