The Idaho Amended and Restated Agreement of Limited Partnership is a legal document that outlines the terms and conditions governing the establishment and operation of a limited partnership based in the state of Idaho. This comprehensive agreement serves as a legally binding contract between the general partner(s) and limited partner(s) involved in the partnership. The Idaho Amended and Restated Agreement of Limited Partnership specifies various essential aspects of the partnership, such as the roles and responsibilities of the general partner(s) and limited partner(s), the contribution of each partner, profit and loss distribution, partnership management, dispute resolution mechanisms, withdrawal and expulsion procedures, and the termination of the partnership. Keywords: — Idaho: The agreement is specific to the state of Idaho, indicating compliance with the relevant state laws and regulations governing limited partnerships. — Amended and Restated: This term suggests that the agreement has been revised and updated from a previous version, ensuring that it reflects any changes or modifications made to the original partnership agreement. — Agreement of Limited Partnership: This phrase signifies that the document establishes a legal partnership agreement and governs the relationship between the partners. — General Partner(s) and Limited Partner(s): Refers to the two types of partners involved in a limited partnership. General partners have management authority and potentially unlimited liability, while limited partners have limited liability and a more passive role in the partnership. — Contribution: A provision defining the financial or non-financial resources that each partner contributes to the partnership. — Profit and Loss Distribution: Determines how the partnership's profits and losses are allocated among the partners, based on their agreed-upon percentage share or another arrangement. — Partnership Management: Outlines the decision-making process, including who has the authority to make key business decisions. — Dispute Resolution: Specifies the mechanisms or procedures to be followed in case of conflicts or disagreements between partners. — Withdrawal and Expulsion Procedures: Describes the process by which a partner may voluntarily exit the partnership or be forced out by other partners, including any financial implications. — Termination: Outlines the circumstances and procedures for dissolving the partnership and distributing the remaining assets to the partners. Different types of Idaho Amended and Restated Agreements of Limited Partnership may exist based on the specific industry or purpose of the partnership, such as real estate limited partnerships, investment limited partnerships, or energy limited partnerships. However, these variations typically have similar foundational elements and purpose in establishing the terms of the partnership.