Deed of retirement—limited partnership agreement

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

  • Deed of retirement—limited partnership agreement
  • background
  • 1 Definitions and interpretation
  • 2 Retirement
  • 3 Payments to and from the Retiring General Partner
  • 4 Indemnities and Liabilities
  • 5 Post-retirement restrictions
  • 6 Entire agreement
  • 7 Notices
  • 8 Governing Law and Jurisdiction
  • More...

Deed of retirement—limited partnership agreement

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

Parties

  1. 1

    [insert name of retiring general partner] of [insert address] (Retiring General Partner);

  1. 2

    [insert name of new general partner] of [insert address] (New General Partner); and

  1. 3

    The persons whose names and addresses are set out in Schedule 1 (Limited Partners).

background

    1. (A)

      The Partners have been carrying on business in limited partnership under the terms of the Limited Partnership Agreement.

    1. (B)

      The Retiring General Partner is to retire from the Limited Partnership on the Retirement Date and the New General Partner is appointed on [insert date].

    1. (C)

      The provisions of this deed shall apply to the retirement of the Retiring General Partner in place of any provisions of the Partnership Act 1890, the Limited Partnership Act 1907 and the Limited Partnership Agreement that would otherwise apply to the retirement of the Retiring General Partner.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        In this deed, unless the context otherwise requires:

        Associate

        1. means:

          1. (a)

            any corporation or undertaking which in relation to the person concerned is a holding company or parent undertaking or a subsidiary or a subsidiary undertaking of any such holding company or parent undertaking or any partnership which is a subsidiary undertaking of the person concerned or of any such holding company; and

          2. (b)

            any investment fund, trust or scheme managed or

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