A Kansas Limited Partnership Agreement for Hedge Fund is a legally binding document that outlines the terms and conditions of a partnership formed between two or more individuals/entities for the purpose of investing in a hedge fund. This agreement sets forth the rights, responsibilities, and obligations of the general partner(s) and limited partner(s). Keywords: Kansas, limited partnership agreement, hedge fund, general partner, limited partner, terms and conditions, rights, responsibilities, obligations, investing. There are different types of Kansas Limited Partnership Agreements for Hedge Funds which can include: 1. General Partnership Agreement for Hedge Fund: This type of agreement establishes a partnership structure where the general partner(s) assumes full liability for the operations and actions of the hedge fund. The limited partner(s) contribute capital but have limited liability. 2. Limited Partnership Agreement for Hedge Fund: In this type of agreement, the general partner(s) have full liability for the fund's actions, while the limited partner(s) have limited liability and cannot actively participate in the management of the hedge fund. 3. Master-Feeder Partnership Agreement for Hedge Fund: This agreement sets up a structure where the hedge fund is divided into two separate partnerships — a master fund and feeder fund(s). The feeder fund(s) invest capital from limited partner(s), and its profits are then allocated to the master fund. 4. Side Letter Agreement for Hedge Fund: This is a supplementary agreement between a hedge fund and an individual limited partner. It may provide additional terms or provisions specific to that particular limited partner's investment. 5. Redemption Agreement for Hedge Fund: This agreement governs how and when limited partners may redeem their interests in the hedge fund, such as specifying notice periods or withdrawal restrictions. These Kansas Limited Partnership Agreements for Hedge Funds are critical in establishing the legal framework and operational guidelines for the partnerships, ensuring transparency, investor protection, and clear communication between the partners.