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1. Parties: Identifies and provides details of the general partner(s) and all limited partners entering into the agreement
2. Background: Sets out the context and purpose of forming the limited partnership
3. Definitions: Defines key terms used throughout the agreement
4. Formation of Partnership: Establishes the limited partnership and states its name, purpose, and principal place of business
5. Capital Contributions: Details the initial capital contributions of all partners and terms for additional contributions
6. Partnership Interests: Specifies the percentage interests of all partners and their corresponding economic rights
7. Allocation of Profits and Losses: Describes how profits, losses, and tax items are allocated among partners
8. Distributions: Sets out the policy and procedure for making distributions to partners
9. Management and Control: Outlines the general partner's management rights and limited partners' restricted roles
10. Books and Records: Specifies requirements for maintaining partnership records and partners' access rights
11. Transfer Restrictions: Details restrictions on transferring partnership interests
12. Withdrawal and Removal: Establishes procedures for partner withdrawal and removal
13. Dissolution and Liquidation: Sets out events triggering dissolution and procedures for winding up
14. General Provisions: Contains standard boilerplate provisions including notices, amendments, and governing law
1. Key Person Insurance: Required when the partnership depends heavily on specific individuals
2. Tag-Along Rights: Included when minority partners need protection in case of majority partner sale
3. Drag-Along Rights: Used when majority partners may need to force minority partners to join in a sale
4. Additional Capital Calls: Included when partners may be required to make additional capital contributions
5. Advisory Committee: Used in larger partnerships where limited partners need formal oversight mechanisms
6. Investment Guidelines: Required when the partnership has specific investment objectives or restrictions
7. Competing Activities: Included when partners need freedom to participate in competing businesses
8. Tax Matters Partner: Required for larger partnerships needing designated tax representation
1. Schedule A - Partner Information: Details of all partners including contact information and initial capital contributions
2. Schedule B - Partnership Interests: Complete breakdown of partnership interests and corresponding economic rights
3. Schedule C - Subscription Agreement: Form for admitting new limited partners to the partnership
4. Schedule D - Management Fee Structure: Details of any management fees payable to the general partner
5. Schedule E - Allocation Provisions: Detailed tax and accounting allocation provisions
6. Appendix 1 - Initial Business Plan: Initial business plan and investment strategy of the partnership
7. Appendix 2 - Transfer Notice: Form for notifying partners of intended transfer of partnership interests
Real Estate
Private Equity
Venture Capital
Professional Services
Manufacturing
Technology
Retail
Healthcare
Agriculture
Natural Resources
Construction
Investment Management
Family Business
Small Business
Legal
Finance
Tax
Compliance
Business Development
Investment
Risk Management
Corporate Governance
Partnership Relations
Operations
CEO
Business Owner
Managing Partner
Legal Counsel
Corporate Lawyer
Tax Partner
Investment Manager
Chief Financial Officer
Business Development Manager
Risk Manager
Compliance Officer
Fund Manager
Real Estate Developer
Private Equity Manager
Financial Controller
Company Secretary
Partner Relations Manager
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