Limited partnership agreement—private fund limited partnership

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

  • Limited partnership agreement—private fund limited partnership
  • BACKGROUND
  • 1 Definitions and interpretation
  • 2 Commencement and duration
  • 3 Nature, purpose and liability
  • 4 Name and location
  • 5 Limited Partnership property
  • 6 Capital contributions
  • 7 Loan commitment
  • 8 Allocation and distribution of profits and losses
  • More...

Limited partnership agreement—private fund limited partnership

This limited partnership Agreement is made on [insert day and month] 20 [insert year]

Parties

  1. 1

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

  1. 2

    Each of the persons whose names are listed in Schedule 1, Part B.

BACKGROUND

    1. (A)

      The Limited Partnership has been registered as a limited partnership and designated as a private fund limited partnership in England under the LPA 1907 with number LP [insert number].

    1. (B)

      The General Partner has agreed to be the general partner of the Limited Partnership and manage the business of the Limited Partnership and the Limited Partners have agreed to make Contributions to the Limited Partnership on the terms set out below.

    1. (C)

      The General Partner and the Limited Partners wish for the Limited Partnership to carry on the Business and to agree to regulate the affairs of the Limited Partnership on the terms set out below.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Agreement, unless the context otherwise requires:

        Accountants

        1. means [insert name of Limited Partnership’s accountants] or such other firm of chartered accountants as are appointed to replace them in accordance with the provisions of this Agreement;

        Accounting Date

        1. means [insert initial Accounting Date] or such other date as may be determined in accordance with the provisions of this Agreement;

        Accounting Period

        1. means [in the case of the first Accounting

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