Partial-isometric crossed products of dynamical systems by left LCM semigroups

Let P be a left LCM semigroup, and $\alpha$ an action of $P$ by endomorphisms of a $C^{*}$-algebra $A$. We study a semigroup crossed product $C^{*}$-algebra in which the action $\alpha$ is implemented by partial isometries. This crossed product gives a model for the Nica-Teoplitz algebras of product systems of Hilbert bimodules (associated with semigroup dynamical systems) studied first by Fowler, for which we provide a structure theorem as it behaves well under short exact sequences and tensor products.
Comment: This is the third version (50 pages). The title has slightly changed. Some references are added