Deed of adherence—limited partnership agreement
Deed of adherence—limited partnership agreement

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

  • Deed of adherence—limited partnership agreement
  • Parties
  • BACKGROUND
  • Schedule 1The Continuing Limited Partners
  • Schedule 2The Limited Partnership Agreement
  • Schedule 3The New Limited Partner

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note: Brexit—drafting boilerplate clauses.

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.

    2. (B)

      [[insert name] (Transferor) intends to transfer his 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.]

    3. (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