Remuneration clause should include the following two points:
Remuneration of Designated Partners of the LLP:
- ______ LLP shall pay such remuneration to each of the Designated Partner as may be decided by the majority of the Partners, for rendering his services.
- ____ LLP shall indemnify and defend its Partners and other officers from and against any and all liability in connection with claims, actions and proceedings (regardless of the outcome), judgment, loss or settlement thereof, whether civil or criminal, arising out of or resulting from their respective performances as Partners and officers of _____ LLP, except for the gross negligence or willful misconduct of the Partner or officer seeking indemnification.
