An Amendment To Limited Partnership Agreement is used when partners need to modify their existing partnership arrangement in Singapore. This document is essential when changes are required to partner compositions, capital contributions, profit-sharing ratios, or management structures. It must comply with Singapore's Limited Partnerships Act 2008 and be filed with ACRA where required. The amendment becomes an integral part of the original agreement and should be drafted to ensure continuity while clearly delineating the modified terms.
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Key Requirements PROMPT example:
Amendment To Limited Partnership Agreement
"Need an Amendment To Limited Partnership Agreement to add two new limited partners and adjust profit-sharing ratios, with the changes to take effect from March 1, 2025, for our Singapore-based real estate investment partnership."
1. Parties: Identifies all current partners and their roles (general/limited)
2. Background: References original agreement and reason for amendment
3. Definitions: Key terms used in the amendment
4. Amendment Details: Specific changes being made to the original agreement
5. Effective Date: When the amendments take effect
6. Confirmation of Other Terms: Confirmation that all other terms remain unchanged
7. Execution: Signature blocks for all partners
1. Capital Contribution Changes: Used when amendment involves changes to partner capital contributions or commitments
2. Profit/Loss Allocation Changes: Used when modifying profit sharing arrangements or distribution ratios
3. Management Rights: Used when modifying partner responsibilities or management structure
4. Transfer Provisions: Used when changing transfer restrictions or rules for transfer of partnership interests
1. Updated Partner Information Schedule: Current list of all partners and their details
2. Amended Capital Accounts Schedule: Updated capital contribution schedule
3. Regulatory Approvals Schedule: Copies of any required regulatory consents
4. Partnership Interest Schedule: Updated ownership percentages of all partners
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