A Tennessee Limited Partnership Agreement for Hedge Fund is a legal document that outlines the terms and conditions between partners in a hedge fund operating as a limited partnership within the state of Tennessee. It serves as a contract that governs the relationship, rights, and obligations of the general partner(s) and limited partner(s) involved in managing and investing the assets of the fund. The agreement typically covers several key aspects, including the fund's objective, investment strategy, capital contributions, profit and loss allocation, management roles, decision-making processes, withdrawal or transfer of partnership interests, dissolution provisions, and dispute resolution mechanisms. Keywords: Tennessee, limited partnership agreement, hedge fund, legal document, partners, terms and conditions, general partner, limited partner, assets, contract, relationship, rights, obligations, managing, investing, objective, investment strategy, capital contributions, profit and loss allocation, management roles, decision-making processes, withdrawal, transfer, partnership interests, dissolution provisions, dispute resolution. Different types of Tennessee Limited Partnership Agreement for Hedge Fund may include: 1. General Partnership Agreement: This type of agreement outlines the structure and responsibilities between the general partner(s) and limited partner(s) of the hedge fund. It covers the division of profits, management authority, and decision-making powers. 2. Limited Liability Partnership Agreement: This agreement provides limited liability protection to the partners, shielding them from personal liability for the fund's debts and obligations. It assigns different levels of liability to the general and limited partners. 3. Limited Partnership Agreement with Capital Call Provision: In this type of agreement, the general partner(s) has the authority to issue a "capital call" to the limited partners, requiring them to contribute additional funds to the fund when needed. This provision ensures sufficient capital availability for investment opportunities. 4. Dissolution Agreement: This agreement outlines the process and conditions under which the hedge fund will be dissolved. It covers how assets will be distributed among partners, any termination fees, and the steps to wind down the fund's operations. 5. Amendment and Restatement Agreement: This agreement allows the partnership to modify or restate certain provisions of the original limited partnership agreement. It is used to update and align the document with changing legal, regulatory, or business requirements. Keywords: General Partnership Agreement, Limited Liability Partnership Agreement, Limited Partnership Agreement with Capital Call Provision, Dissolution Agreement, Amendment and Restatement Agreement, hedge fund, limited partner, general partner, limited liability, capital call, dissolution, amendment, restatement, structure, responsibilities, profits, management, decision-making, liability protection, debts, obligations, termination fees, investment opportunities, capital availability, distribution, modification, legal, regulatory, business requirements.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.