The Dallas Texas Limited Partnership Agreement for Hedge Fund is a legal document that governs the partnership between the general partner and limited partners in a hedge fund based in Dallas, Texas. It outlines the terms and conditions under which the partnership operates, including the rights, responsibilities, and obligations of each party involved. The agreement specifies the capital contributions made by the limited partners, their share of profits and losses, as well as the distribution of assets upon dissolution of the partnership. It also defines the roles and decision-making process of the general partner, who acts as the managing partner responsible for making investment decisions on behalf of the partnership. There are different types of Dallas Texas Limited Partnership Agreements for Hedge Funds that may vary based on the specific investment strategies, goals, and structures of the hedge funds. These may include: 1. General Hedge Fund Partnership Agreement: This is the most common type of partnership agreement used in the hedge fund industry. It outlines the rights and obligations of both the general partner and limited partners, establishing their respective roles and responsibilities within the partnership. 2. Limited Liability Partnership (LLP) Agreement: Some hedge funds may choose to structure themselves as Laps, providing limited liability protection for all partners. The LLP agreement specifies the governance and management structure of the fund while protecting partners from personal liability. 3. Limited Duration Partnership Agreement: In certain cases, hedge funds may be established with a predefined duration or specific investment horizon. This type of agreement sets the terms for the partnership's duration and the distribution of assets at the end of the defined period. 4. Master-Feeder Partnership Agreement: When a hedge fund operates multiple feeder funds that pool investments into a central master fund, a master-feeder partnership agreement is utilized. This agreement outlines the relationship between the master fund and the feeder funds, specifying the terms for capital contributions, profit sharing, and asset allocation. 5. Side Letter Agreement: Although not a standalone partnership agreement, side letters are additional documents that may supplement the main partnership agreement. They provide custom terms negotiated between the fund and specific limited partners, addressing unique requirements or preferences. In conclusion, the Dallas Texas Limited Partnership Agreement for Hedge Fund is a comprehensive legal document that establishes the framework and operational guidelines for a hedge fund partnership in Dallas, Texas. The specific type of agreement may vary depending on various factors such as the fund's structure, desired liability protection, and investment horizon.
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.