Limited Liability Partnerships Act 2012 · Updated to 1 Aug 2022 · Part V · Conversion to Limited Liability Partnerships
36. Existing agreements
Feedback & supportEvery agreement to which the conventional partnership or private company was a party immediately before the date of registration, whether or not of such nature that the rights and liabilities thereunder could be assigned, shall have effect as from that day as if—
conventional partnership
“conventional partnership” means a partnership registered under the Registration of Businesses Act 1956 and a partnership established by two or more persons for the purposes of carrying on any professional practice;
the limited liability partnership were a party to such an agreement instead of the conventional partnership or private company; and
limited liability partnership
“limited liability partnership” means a limited liability partnership registered under section 11 or a foreign limited liability partnership registered under section 45;
for any reference to the conventional partnership or private company, as the case may be, there were substituted in respect of anything to be done on or after the date of registration a reference to the limited liability partnership.
private company
“private company” has the meaning assigned to it in the *Companies Act 1965;