Title: Georgia Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Introduction: The Georgia Sample Limited Partnership Agreement is a legally binding document outlining the terms, obligations, and rights shared between DAHLIA Holdings, Inc. (hereinafter referred to as the "General Partner") and Decade Aircraft Holdings, Inc. (hereinafter referred to as the "Limited Partner"). This agreement forms the foundation of their partnership in a limited liability framework within the state of Georgia. Key Elements of the Agreement: 1. Partnership Structure: The partnership agreement establishes DAHLIA Holdings, Inc. as the General Partner, responsible for managing the day-to-day operations and decision-making within the partnership. Decade Aircraft Holdings, Inc., as the Limited Partner, provides capital contributions and shares in profits, while enjoying limited liability. 2. Capital Contributions: The agreement outlines the amount and manner in which Decade Aircraft Holdings, Inc. will contribute capital to the partnership. The responsibilities of the partners regarding additional contributions, interest, and distributions of profits and losses are detailed. 3. Profit and Loss Allocation: The agreement specifies the method of distributing profits and losses between the General Partner and the Limited Partner. This includes any agreed-upon distribution percentages, sharing ratio, and the procedures to be followed in case of discrepancies. 4. Management and Decision-making: The General Partner retains authority over the management and decision-making within the partnership, subject to certain limitations specified in the agreement. Provisions regarding meetings, voting rights, and the process for amending the agreement are also discussed. 5. Liability and Indemnity: The agreement establishes the limitations of liability for the Limited Partner, shielding them from personal responsibility beyond their capital contributions, subject to certain exclusions. The General Partner takes on greater personal liability for the partnership's obligations but may obtain indemnification. Different Types of Georgia Sample Limited Partnership Agreement: 1. Georgia Sample Limited Partnership Agreement for Real Estate Development: This agreement is designed specifically for partnerships involved in real estate development projects, outlining provisions related to property acquisition, construction, leasing, and profit-sharing mechanisms. 2. Georgia Sample Limited Partnership Agreement for Investment Funds: Targeting partnerships engaged in investment activities, this agreement focuses on provisions related to capital pooling, investment strategies, risk allocation, and distribution of profits and losses based on the investment returns. 3. Georgia Sample Limited Partnership Agreement for Technology Ventures: This specialized agreement caters to partnerships operating in the technology sector, addressing intellectual property ownership, licensing, product development, sales, and revenue-sharing arrangements. Conclusion: The Georgia Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. serves as a foundational document, defining the structure, rights, and responsibilities of the General Partner and Limited Partner. Understanding the provisions within this agreement is crucial to safeguarding the interests of both parties involved in the limited partnership.
Georgia Sample Limited Partnership Agreement between DAH-IP Holdings, Inc. and DeCrane Aircraft Holdings, Inc.
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