Document background
A Limited Partnership Agreement is the fundamental document establishing and governing a limited partnership in England and Wales. It's primarily used for investment vehicles, particularly in private equity, venture capital, and real estate sectors. The agreement details capital contributions, profit sharing arrangements, management responsibilities, transfer restrictions, and termination provisions. It must comply with the Limited Partnerships Act 1907 and should be carefully structured to balance the interests of general partners (who manage the partnership) and limited partners (who typically act as passive investors).
