The Washington Limited Partnership Agreement for Hedge Fund is a legal document that outlines the terms, conditions, and regulations for operating a hedge fund in the state of Washington. This agreement serves as a binding contract between the general partner(s) and limited partner(s) involved in the fund. Key elements of the Washington Limited Partnership Agreement for Hedge Fund include investment strategies, profit sharing, governance structure, and investor rights. It provides detailed instructions on how the hedge fund will be managed, how investment decisions will be made, and how profits and losses will be allocated among partners. The agreement also outlines the rights and responsibilities of both the general partner(s) and limited partner(s). In Washington, there are different types of limited partnership agreements available for hedge funds, including: 1. General Partner Agreement: This type of agreement outlines the responsibilities and duties of the general partner(s) in managing the hedge fund. It specifies their authority to make investment decisions and administer the operations of the fund. 2. Limited Partner Agreement: This agreement sets forth the rights and obligations of limited partner(s) in the hedge fund. It defines their role as passive investors and highlights their limited liability. 3. Investment Management Agreement: This agreement governs the relationship between the hedge fund and an external investment manager. It outlines the scope of the manager's authority, compensation terms, and investment objectives. 4. Administration Agreement: This type of agreement covers the administrative functions of the hedge fund, such as record-keeping, financial reporting, and compliance. 5. Side Letter Agreement: These agreements are supplemental to the main partnership agreement and address specific terms negotiated between the general partner and individual limited partners. Side letters may include provisions related to additional investment rights, fee arrangements, or unique investor preferences. It is crucial for hedge fund managers and investors in Washington to carefully review and understand the specific terms and conditions outlined in the Limited Partnership Agreement. Seeking legal advice is highly recommended ensuring compliance with state regulations and to protect the interests of all parties involved.
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.