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Limited Partnership Contract
"I need a Limited Partnership Contract for a real estate development venture in Dubai, with one general partner managing the development projects and three limited partners contributing capital, planned to commence operations in March 2025."
1. Parties: Identification of all partners, distinguishing between general partners and limited partners, including their full details and legal status
2. Background: Context of the partnership formation, business objectives, and partner relationships
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership formation, partnership name, and registration details
5. Business Purpose: Detailed description of the partnership's business activities and scope
6. Capital Contributions: Details of initial and any subsequent capital contributions by each partner
7. Profit and Loss Distribution: Framework for sharing profits and losses among partners
8. Management and Control: Management structure, rights, and responsibilities of general partners
9. Rights and Obligations of Limited Partners: Scope and limitations of limited partners' involvement
10. Partner Meetings: Procedures for partner meetings, voting rights, and decision-making processes
11. Accounts and Records: Requirements for maintaining partnership accounts and financial records
12. Transfer of Partnership Interests: Rules governing the transfer of partnership interests
13. Term and Termination: Duration of partnership and circumstances for termination
14. Dissolution and Liquidation: Procedures for partnership dissolution and asset distribution
15. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction details
1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners have other business interests
2. Intellectual Property Rights: IP ownership and usage rights, included when the partnership involves significant IP assets
3. Confidentiality: Provisions for protecting partnership confidential information, essential for partnerships with sensitive information
4. Islamic Finance Compliance: Specific provisions ensuring Shariah compliance, included when partners require Islamic finance principles
5. Branch Offices: Provisions for establishing branch offices, included when geographic expansion is planned
6. Partner Death or Incapacity: Specific procedures in case of partner death or incapacity, important for family businesses
7. Dispute Resolution: Alternative dispute resolution mechanisms, included when partners prefer arbitration or mediation
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuation of non-cash contributions
2. Schedule 2 - Business Plan: Initial business plan and projected financials
3. Schedule 3 - Management Procedures: Detailed procedures for day-to-day management and decision-making
4. Schedule 4 - Partner Details: Complete partner information including addresses, contact details, and appointed representatives
5. Schedule 5 - Profit Distribution Formula: Detailed calculations for profit and loss allocation
6. Appendix A - Partnership Registration Documents: Copies of official registration documents and licenses
7. Appendix B - Partner Resolutions: Initial partner resolutions and authorizations
Authors
Applicable Law
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Effective Date
Encumbrance
Financial Year
General Partner
Governing Law
Initial Capital
Intellectual Property Rights
Limited Partner
Management Committee
Manager
Partnership
Partnership Assets
Partnership Interest
Partnership Name
Profit and Loss
Quarter
Registered Office
Related Party
Reserved Matters
Share
Shariah
Term
Territory
Transfer
UAE
UAE Commercial Companies Law
Withdrawal Notice
Partnership Name and Purpose
Duration
Capital Contribution
Additional Capital
Partnership Interests
Profit and Loss Distribution
Management Rights
Partner Obligations
Limited Partner Rights
General Partner Authority
Partnership Meetings
Voting Rights
Financial Records
Bank Accounts
Confidentiality
Non-Competition
Transfer Restrictions
Assignment
Withdrawal
Default
Termination
Dissolution
Liquidation
Force Majeure
Notices
Amendments
Governing Law
Dispute Resolution
Shariah Compliance
Anti-Money Laundering
Intellectual Property
Insurance
Representations and Warranties
Indemnification
Severability
Entire Agreement
Real Estate Development
Trading and Import/Export
Professional Services
Manufacturing
Retail
Construction
Investment Services
Hospitality
Technology
Healthcare
Consulting
Family Business
Maritime and Logistics
Legal
Corporate Affairs
Compliance
Finance
Risk Management
Business Development
Investment
Corporate Governance
Executive Leadership
Commercial Operations
Legal Director
Chief Legal Officer
Corporate Lawyer
Legal Counsel
Business Development Manager
Managing Partner
Chief Executive Officer
Chief Financial Officer
Company Director
Investment Manager
Commercial Director
Compliance Officer
Corporate Secretary
Partnership Manager
Risk Manager
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