The terms about Commencement and Duration:

3.1 The provisions of this Agreement shall take effect on the Commencement Date.

3.2 The LLP shall subsist until wound up in accordance with the provisions of the LLP Act 2000.

3.3 In the event any Member may be personally liable under any contract entered into by him prior to the incorporation of the LLP which was for the benefit of the LLP and with the express or implied consents of the other Members then the LLP shall on incorporation be deemed to ratify that contact and shall indemnify that Member form and against all claims liabilities and costs in connection with it.

Key words:

1. Take effect - hiệu lực

2. Subsist - Tồn tại

3. Wind up - Chấm dứt

4. Prior - Trước đó

5. Consent - Đồng ý

6. Indemnify - Bồi thường

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