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Simple Limited Partnership Agreement
"I need a Simple Limited Partnership Agreement for a real estate investment venture in Singapore, with one general partner and three limited partners, where the initial capital contribution will be S$2 million and the profit-sharing ratio needs to be 40% for the general partner and 20% for each limited partner."
1. Parties: Identifies general and limited partners with full details
2. Background: Sets out context and purpose of partnership formation
3. Definitions: Defines key terms used throughout agreement
4. Partnership Business: Defines scope and nature of partnership business
5. Capital Contributions: Details initial and subsequent capital contributions
6. Profit and Loss Sharing: Specifies allocation of profits and losses
7. Management Rights: Defines management structure and decision-making process
8. Partner Obligations: Sets out duties and responsibilities of partners
9. Term and Termination: Specifies duration and termination conditions
1. Additional Capital Contributions: Used when partners may need to make future capital injections - appropriate for partnerships anticipating future funding needs
2. Intellectual Property Rights: Addresses ownership and use of IP - include when partnership involves IP assets
3. Non-Competition: Restricts partners from competing activities - include when protecting business interests is crucial
4. Assignment of Interests: Rules for transferring partnership interests - include when transfer of interests might be contemplated
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial contribution
2. Schedule 2: Business Plan: Initial business plan and objectives
3. Schedule 3: Management Procedures: Detailed procedures for partnership management
4. Appendix A: Partner Details: Complete partner information and contact details
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