Limited Partnership Term Sheet Template for Ireland

1. Investment Strategy: For investment partnerships, detailed investment objectives, restrictions, and guidelines

2. Key Person Provisions: Where specific individuals are crucial to the partnership, provisions regarding their involvement and replacement

3. Co-Investment Rights: Terms for co-investment opportunities if applicable to the partnership structure

4. ESG Provisions: Environmental, Social and Governance considerations if relevant to the partnership's activities

5. AIFMD Compliance: If the partnership qualifies as an AIF, relevant regulatory compliance provisions

6. Tax Structure: Specific tax structuring provisions where complex tax arrangements are contemplated

7. Advisory Committee: Constitution and role of an advisory committee if required for the partnership

8. Excuse and Exclusion Rights: Provisions allowing partners to be excused from or excluded from certain investments

1. Schedule 1 - Capital Commitments: Detailed breakdown of each partner's capital commitment and percentage interests

2. Schedule 2 - Management Fee Structure: Detailed calculation and payment terms for management fees

3. Schedule 3 - Distribution Waterfall: Detailed mechanics of the profit distribution waterfall

4. Schedule 4 - Investment Guidelines: Detailed investment criteria, restrictions, and guidelines

5. Schedule 5 - Valuation Methodology: Agreed approach to valuing partnership assets

6. Appendix A - Subscription Agreement Form: Template form for partner subscription to the partnership

7. Appendix B - Partner Contact Details: Contact information and notice details for all partners