Deed of adherence—limited partnership agreement

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Deed of adherence—limited partnership agreement

Deed of adherence—limited partnership agreement

This Deed of adherence is made on [insert day and month] 20[insert year]

Parties

  1. 1

    [insert name of new limited partner] of [insert address] (New Limited Partner); and

  1. 2

    [insert name of general partner] of [insert address] (General Partner).

BACKGROUND

    1. (A)

      This deed is supplemental to, and is entered into in accordance with, the Limited Partnership Agreement.

    1. (B)

      [[insert name] (Transferor) intends to transfer their interest in the Limited Partnership to the New Limited Partner OR The New Limited Partner wishes to be admitted as a Limited Partner in the Limited Partnership.]

    1. (C)

      The General Partner has consented to the [transfer of the Transferor’s interest in the Limited Partnership to the New Limited Partner and the] admission of the New Limited Partner as a Limited Partner in the Limited Partnership with effect from the Admission Date subject to the New Limited Partner entering into this Deed in favour of the General Partner and the Continuing Limited Partners.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        The definitions and rules of interpretation in the Limited Partnership Agreement shall apply in this deed except where expressly stated to the contrary and the following expressions shall have the following meanings:

        Admission Date

        1. means [insert day and month] 20[insert year];

        Continuing Limited Partners

        1. means the persons whose names and addresses are set out in Schedule 1; and

        Limited Partnership Agreement

        1. means the limited

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