Deed of variation of partnership agreement
Deed of variation of partnership agreement

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

  • Deed of variation of partnership agreement

This deed of variation is made on [insert day and month] 20[insert year].

Between each of the persons whose names are listed in the Schedule (each of them being a Partner and together the Partners).

Recitals:

    1. (A)

      On [insert date] the Partners entered into the Partnership Agreement.

    1. (B)

      The Partners have agreed to amend the Partnership Agreement in accordance with clause [insert clause number] of the Partnership Agreement and this deed.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        The definitions and rules of interpretation in the Partnership Agreement shall apply in this deed except where expressly stated to the contrary.

      1. 1.2

        In this deed, unless the context otherwise requires:

        [Partner Majority

        1. means the requisite number or proportion of the Partners who may resolve to amend or vary the Partnership Agreement in accordance with clause [insert clause number] thereof; and

        Partnership Agreement

        1. means the partnership agreement, details of which are set out in Schedule 2.

    1. 2

      Variation

      1. 2.1

        [The [Partner Majority OR Partners] agree that from the date of this deed, the Partnership Agreement shall be amended as set out in Schedule 3.

      AND/OR

      1. 2.2

        The [Partner Majority OR Partners] agree that from the date of this deed, the Partnership Agreement shall be amended by deleting clause [insert reference and title (if any)] of the Partnership Agreement in its entirety and replacing it with the following clause:

        ' [insert clause number] [insert clause

Related documents:

Popular documents