Set up a USA limited partnership between a general partner and several limited partners with this template
Limited Partnership Agreement.
- The General Partner shall not be required to contribute any cash to the capital of the Partnership. The Limited Partners must each purchase a minimum number of units.
- No Limited Partner shall be liable for the debts or liabilities of the Partnership and are not required to make additional capital contributions.
- The General Partner shall have full authority in the management of the Partnership.
- The liability of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
- The agreement includes provisions for withdrawal of the General Partner and assignment of a partnership interest. The Partnership has a right of first refusal to purchase the withdrawing partner's units.
This
USA Limited Partnership Agreement template is provided in MS Word format, and is easy to download, edit with your specific details, and print.
