Limited Partnership Agreement
/ˈlɪmɪtɪd ˈpɑːrtnərʃɪp əˈɡriːmənt/
Definitions
- (n.) A legal contract establishing a limited partnership, detailing the roles, rights, and liabilities of general and limited partners.
The investors signed the limited partnership agreement to formalize their contributions and obligations.
Forms
- limited partnership agreement
- limited partnership agreements
Related terms
See also
Commentary
It is crucial to clearly distinguish the rights and obligations of general and limited partners within the agreement to avoid liability confusion.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.