Phoenix Arizona Contrato de Sociedad de Ley con Participación en Pérdidas y Ganancias en Base a Unidades de Participación - Law Partnership Agreement with Profits and Losses Shared on Basis of Units of Participation

• Category: Sociedades - Tipos - Bufetes de Abogados
• State: Multi-State
• City: Phoenix
• Control #: US-13283BG
• Format: Word

Description

In this Partnership, profits and losses are shared on the basis of units of participation. Each Partner is allotted a certain number of units of participation. A Phoenix Arizona Law Partnership Agreement with Profits and Losses Shared on Basis of Units of Participation is a legal contract between two or more attorneys or law firms in Phoenix, Arizona. This agreement outlines the terms and conditions for the partnership, including how profits and losses will be distributed among the partners based on the units of participation. In this type of partnership agreement, the distribution of profits and losses is determined by the units of participation, which are often assigned to each partner based on their capital contribution, services rendered, or other agreed-upon factors. Partners with higher units of participation will receive a larger share of the profits and will bear a proportionately higher share of the losses. The agreement typically includes key provisions such as: 1. Identification of Partners: The agreement will clearly identify all the partners involved in the partnership, including their names, addresses, and roles within the partnership. 2. Purpose and Scope: The agreement will outline the purpose and scope of the partnership, specifying the legal services it intends to provide and any restrictions on the partnership's activities. 3. Capital Contributions: The agreement will detail the initial and ongoing capital contributions required from each partner and how these contributions will be used to fund the partnership's operations. 4. Units of Participation: The agreement will establish the units of participation assigned to each partner, indicating their relative ownership and their entitlement to profits and losses. 5. Profit Distribution: The agreement will outline how profits will be distributed among the partners based on their units of participation. This may be a percentage-based calculation or a specific formula agreed upon by the partners. 6. Loss Sharing: The agreement will specify how losses will be allocated among the partners based on their units of participation. Typically, partners will bear losses proportionately to their ownership interest. 7. Decision-Making Authority: The agreement will address decision-making within the partnership, including voting rights, governing documents, and procedures for resolving conflicts or disputes. Different types or variations of Phoenix Arizona Law Partnership Agreements with Profits and Losses Shared on Basis of Units of Participation may include additional provisions or specific clauses tailored to the unique needs and circumstances of the partners. Examples could include provisions for admitting new partners, withdrawal or expulsion of partners, retirement or buyout agreements, dispute resolution mechanisms, and provisions for dissolution or termination of the partnership. Overall, this type of partnership agreement allows attorneys in Phoenix, Arizona, to form a legal partnership where profits and losses are distributed based on units of participation, providing a fair and transparent framework for collaborating and sharing in the successes and challenges of running a law practice together.

A Phoenix Arizona Law Partnership Agreement with Profits and Losses Shared on Basis of Units of Participation is a legal contract between two or more attorneys or law firms in Phoenix, Arizona. This agreement outlines the terms and conditions for the partnership, including how profits and losses will be distributed among the partners based on the units of participation. In this type of partnership agreement, the distribution of profits and losses is determined by the units of participation, which are often assigned to each partner based on their capital contribution, services rendered, or other agreed-upon factors. Partners with higher units of participation will receive a larger share of the profits and will bear a proportionately higher share of the losses. The agreement typically includes key provisions such as: 1. Identification of Partners: The agreement will clearly identify all the partners involved in the partnership, including their names, addresses, and roles within the partnership. 2. Purpose and Scope: The agreement will outline the purpose and scope of the partnership, specifying the legal services it intends to provide and any restrictions on the partnership's activities. 3. Capital Contributions: The agreement will detail the initial and ongoing capital contributions required from each partner and how these contributions will be used to fund the partnership's operations. 4. Units of Participation: The agreement will establish the units of participation assigned to each partner, indicating their relative ownership and their entitlement to profits and losses. 5. Profit Distribution: The agreement will outline how profits will be distributed among the partners based on their units of participation. This may be a percentage-based calculation or a specific formula agreed upon by the partners. 6. Loss Sharing: The agreement will specify how losses will be allocated among the partners based on their units of participation. Typically, partners will bear losses proportionately to their ownership interest. 7. Decision-Making Authority: The agreement will address decision-making within the partnership, including voting rights, governing documents, and procedures for resolving conflicts or disputes. Different types or variations of Phoenix Arizona Law Partnership Agreements with Profits and Losses Shared on Basis of Units of Participation may include additional provisions or specific clauses tailored to the unique needs and circumstances of the partners. Examples could include provisions for admitting new partners, withdrawal or expulsion of partners, retirement or buyout agreements, dispute resolution mechanisms, and provisions for dissolution or termination of the partnership. Overall, this type of partnership agreement allows attorneys in Phoenix, Arizona, to form a legal partnership where profits and losses are distributed based on units of participation, providing a fair and transparent framework for collaborating and sharing in the successes and challenges of running a law practice together.

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.