45. Pre-incorporation contracts, deeds and obligations

Past version: effective from 21/10/2015 - 20/10/2015
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(1) A contract that purports to be made by or on behalf of an LLP at a time when the LLP has not been formed has effect, subject to any agreement to the contrary, as one made with the person purporting to act for the LLP or as agent for it, and he is personally liable on the contract accordingly.
(2) Subsection (1) applies to the making of a deed under the law of the Abu Dhabi Global Market, as it applies to the making of a contract.