LLPs: Partner liability issues

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LLPs Partner liability issues

• Contract vs. tort liability
• Supervisory liability
• Individual wrongs
• Indemnification and contribution
• Default rules
• Effect of agreement
• Creditor protection rules
• Distribution restrictions
• Fraudulent conveyances
• Insurance
• Veil-piercing
• Pre-registration creditors
• Notice and post-registration creditors
• Applicable law
• Registration as contract breach