Ireland—Execution clause—limited partnership—deed
Produced in partnership with Laurenz Boss BL of The Bar of Ireland
PrecedentsIreland—Execution clause—limited partnership—deed
Produced in partnership with Laurenz Boss BL of The Bar of Ireland
PrecedentsExecution clause—limited partnership (Ireland)—Deed (drafting notes)
These precedent execution clauses are for use by a limited partnership entering into a deed (rather than a simple contract). Four alternative execution clauses are given for a deed executed by:
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an individual general partner in the presence of a witness
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a person at an individual general partner’s direction given in the presence of a witness who attests the signature
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an individual general partner whose signature is acknowledged by them in the presence of a witness who attests the signature
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a corporate general partner
Limited partnership
The Limited Partnership Act 1907 (Ireland) (LPA 1907 (IRL)) provides for the creation of a partnership in which some partners have limited liability for the debts of the firm. Their liability is limited to the extent of their contribution.
LPA 1907 (IRL), s 4 provides that a limited partnership must consist of at least one general partner and one limited partner. The partnership should not generally consist of more than 20 persons or, if carrying on the business of banking, of more than ten persons. The general
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