California Sample Limited Partnership Agreement between DAH-IP Holdings, Inc. and DeCrane Aircraft Holdings, Inc.

• Category: Corporations - Public - Partnerships
• State: Multi-State
• Control #: US-EG-9359
• Format: Word; Rich Text

Description

Limited Partnership Agreement between DAH-IP Holdings, Inc. and DeCrane Aircraft Holdings, Inc. regarding administration of limited partnership dated November 19, 1999. 13 pages. Title: California Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Keywords: California limited partnership, sample agreement, DAHLIA Holdings, Inc., Decade Aircraft Holdings, Inc., partnership structure, partnership roles, capital contributions, profits and losses allocation, governance, dispute resolution Introduction: The California Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. outlines the terms, conditions, and responsibilities of both parties involved in establishing a limited partnership. This agreement defines the partnership structure, outlines capital contributions, and spells out the distribution of profits and losses. It also addresses governance and dispute resolution processes to ensure a harmonious business relationship between the parties involved. Types of California Sample Limited Partnership Agreements: 1. General Partnership Agreement: This type of agreement allows DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. to collaborate and share the management responsibilities equally. Each party has equal decision-making power and is liable for the partnership's obligations. 2. Silent Partnership Agreement: In the case of a silent partnership agreement, DAHLIA Holdings, Inc. is considered the limited partner, providing capital contributions while having little or no involvement in the partnership's daily operations. Decade Aircraft Holdings, Inc. assumes the role of the general partner, controlling the business affairs and operations. 3. Limited Liability Partnership (LLP) Agreement: An LLP agreement involves limiting the liability of both partners. DAHLIA Holdings, Inc. contributes capital but has a limited role in the partnership's management and operations. Decade Aircraft Holdings, Inc. takes on the responsibility for daily operations and management decisions. Content: 1. Partnership Formation: a. Identifying the parties involved: DAHLIA Holdings, Inc. (the limited partner) and Decade Aircraft Holdings, Inc. (the general partner). b. Declaration of intent to form a limited partnership in accordance with California state laws. c. Duration of the partnership and the process for extensions or termination. 2. Capital Contributions: a. Specific capital contributions of each party and their percentage ownership in the limited partnership. b. Guidelines for additional contributions or loans. 3. Profit and Loss Allocation: a. Distribution rules for profits and losses based on the percentage of ownership contributed by each partner. b. Procedures for the distribution and withdrawal of profits. 4. Management: a. Designation of DAHLIA Holdings, Inc. as a limited partner and Decade Aircraft Holdings, Inc. as the general partner. b. Delegation of management authority to the general partner, including the power to make business decisions and sign contracts. 5. Governance and Decision-Making: a. Voting rights and procedures for major business decisions. b. Decision-making authority of the general partner and restrictions on the limited partner in influencing daily operations. 6. Books and Records: a. Documentation requirements and processes for maintaining records. b. Financial reporting responsibilities for both parties. 7. Dissolution and Liquidation: a. Procedures to be followed in the event of dissolution, including the winding up of the partnership affairs. b. Distribution of remaining assets after settling partnership liabilities. 8. Dispute Resolution: a. Guidelines for resolving disputes, including mediation or arbitration procedures. b. Selection of jurisdiction and venue for dispute resolution. Conclusion: The California Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. serves as a comprehensive framework to establish and guide the partnership, defining the rights, obligations, and responsibilities of each party involved. It ensures a clear understanding of the partnership structure, financial arrangements, governance, and dispute resolution, thereby fostering a successful and mutually beneficial business relationship.

Title: California Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Keywords: California limited partnership, sample agreement, DAHLIA Holdings, Inc., Decade Aircraft Holdings, Inc., partnership structure, partnership roles, capital contributions, profits and losses allocation, governance, dispute resolution Introduction: The California Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. outlines the terms, conditions, and responsibilities of both parties involved in establishing a limited partnership. This agreement defines the partnership structure, outlines capital contributions, and spells out the distribution of profits and losses. It also addresses governance and dispute resolution processes to ensure a harmonious business relationship between the parties involved. Types of California Sample Limited Partnership Agreements: 1. General Partnership Agreement: This type of agreement allows DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. to collaborate and share the management responsibilities equally. Each party has equal decision-making power and is liable for the partnership's obligations. 2. Silent Partnership Agreement: In the case of a silent partnership agreement, DAHLIA Holdings, Inc. is considered the limited partner, providing capital contributions while having little or no involvement in the partnership's daily operations. Decade Aircraft Holdings, Inc. assumes the role of the general partner, controlling the business affairs and operations. 3. Limited Liability Partnership (LLP) Agreement: An LLP agreement involves limiting the liability of both partners. DAHLIA Holdings, Inc. contributes capital but has a limited role in the partnership's management and operations. Decade Aircraft Holdings, Inc. takes on the responsibility for daily operations and management decisions. Content: 1. Partnership Formation: a. Identifying the parties involved: DAHLIA Holdings, Inc. (the limited partner) and Decade Aircraft Holdings, Inc. (the general partner). b. Declaration of intent to form a limited partnership in accordance with California state laws. c. Duration of the partnership and the process for extensions or termination. 2. Capital Contributions: a. Specific capital contributions of each party and their percentage ownership in the limited partnership. b. Guidelines for additional contributions or loans. 3. Profit and Loss Allocation: a. Distribution rules for profits and losses based on the percentage of ownership contributed by each partner. b. Procedures for the distribution and withdrawal of profits. 4. Management: a. Designation of DAHLIA Holdings, Inc. as a limited partner and Decade Aircraft Holdings, Inc. as the general partner. b. Delegation of management authority to the general partner, including the power to make business decisions and sign contracts. 5. Governance and Decision-Making: a. Voting rights and procedures for major business decisions. b. Decision-making authority of the general partner and restrictions on the limited partner in influencing daily operations. 6. Books and Records: a. Documentation requirements and processes for maintaining records. b. Financial reporting responsibilities for both parties. 7. Dissolution and Liquidation: a. Procedures to be followed in the event of dissolution, including the winding up of the partnership affairs. b. Distribution of remaining assets after settling partnership liabilities. 8. Dispute Resolution: a. Guidelines for resolving disputes, including mediation or arbitration procedures. b. Selection of jurisdiction and venue for dispute resolution. Conclusion: The California Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. serves as a comprehensive framework to establish and guide the partnership, defining the rights, obligations, and responsibilities of each party involved. It ensures a clear understanding of the partnership structure, financial arrangements, governance, and dispute resolution, thereby fostering a successful and mutually beneficial business relationship.