Kentucky 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: Kentucky Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Introduction: In the state of Kentucky, two prominent entities, DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc., have established a limited partnership agreement to collaboratively pursue business ventures. This comprehensive partnership agreement outlines the terms, obligations, rights, and responsibilities of each party involved. The partnership aims to leverage their expertise, assets, and resources to achieve shared goals in the aviation industry. This article provides a detailed description of the various aspects and key provisions encompassed in the Kentucky Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. 1. Agreement Purpose and Structure: The agreement begins by defining the purpose and scope of the partnership, outlining the specific objectives and goals that both parties seek to accomplish during the partnership's duration. Additionally, it outlines the structure of the partnership, including the roles and responsibilities of each party, the rights they possess, and the overall governance structure. 2. Capital Contributions: The Kentucky Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. specifies the capital contributions made by each partner. This section details the specific amounts, forms, and timing of capital contributions, as well as any provisions related to additional investments or loans. 3. Profit and Loss Allocation: The partnership agreement outlines the manner in which profits and losses are allocated between the partners. It defines the distribution percentages or ratios and describes any special provisions or adjustments pertaining to profit-sharing or loss mitigation. 4. Management and Decision-Making: This section delineates how the partnership will be managed, including decision-making processes and the appointment of designated managing partners. It outlines the authority and limitations of each partner, the frequency of meetings, procedures for voting and resolution of conflicts, and the process for adding or removing partners. 5. Term and Dissolution: The duration of the partnership is clearly stated, along with provisions for extension or early termination. Conditions for dissolution, liquidation, and distribution of assets upon termination are also included. 6. Transferability of Interests: The agreement clarifies the conditions and restrictions associated with transferring partnership interests between existing partners or to third parties. It stipulates the procedures for obtaining consent, valuing the interests, and the effects of transfer on partnership rights and obligations. 7. Non-Compete and Confidentiality: To safeguard the partnership's interests, the agreement may include non-compete and confidentiality clauses. These provisions restrict partners from engaging in similar activities or disclosing sensitive proprietary information during and after the partnership's lifespan. 8. Dispute Resolution: In the event of disputes or disagreements, the partnership agreement may establish a mechanism for alternative dispute resolution, such as mediation or arbitration, to avoid costly litigation. Types of Kentucky Sample Limited Partnership Agreements between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc.: 1. General Kentucky Sample Limited Partnership Agreement: This agreement is the foundational type of limited partnership agreement and sets forth the standard terms and conditions for the partnership between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. 2. Kentucky Sample Limited Partnership Agreement with Profit-Sharing Provisions: This agreement variant places a particular emphasis on profit-sharing provisions, allowing the partners to distribute profits in a customized manner to suit their business objectives and priorities. 3. Kentucky Sample Limited Partnership Agreement with Targeted Duration: This type of agreement establishes a specific duration for the partnership, ensuring a clear timeline and facilitating planning for both partners. Conclusion: The Kentucky Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. provides a framework for collaboration in the aviation industry. As a comprehensive legally-binding document, it governs the relationship between the partners, outlining capital contributions, profit and loss allocation, management, decision-making processes, and dispute resolution mechanisms. The agreement sets the stage for a productive partnership between two renowned entities, paving the way for mutual growth and success in their shared business ventures.

Title: Kentucky Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Introduction: In the state of Kentucky, two prominent entities, DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc., have established a limited partnership agreement to collaboratively pursue business ventures. This comprehensive partnership agreement outlines the terms, obligations, rights, and responsibilities of each party involved. The partnership aims to leverage their expertise, assets, and resources to achieve shared goals in the aviation industry. This article provides a detailed description of the various aspects and key provisions encompassed in the Kentucky Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. 1. Agreement Purpose and Structure: The agreement begins by defining the purpose and scope of the partnership, outlining the specific objectives and goals that both parties seek to accomplish during the partnership's duration. Additionally, it outlines the structure of the partnership, including the roles and responsibilities of each party, the rights they possess, and the overall governance structure. 2. Capital Contributions: The Kentucky Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. specifies the capital contributions made by each partner. This section details the specific amounts, forms, and timing of capital contributions, as well as any provisions related to additional investments or loans. 3. Profit and Loss Allocation: The partnership agreement outlines the manner in which profits and losses are allocated between the partners. It defines the distribution percentages or ratios and describes any special provisions or adjustments pertaining to profit-sharing or loss mitigation. 4. Management and Decision-Making: This section delineates how the partnership will be managed, including decision-making processes and the appointment of designated managing partners. It outlines the authority and limitations of each partner, the frequency of meetings, procedures for voting and resolution of conflicts, and the process for adding or removing partners. 5. Term and Dissolution: The duration of the partnership is clearly stated, along with provisions for extension or early termination. Conditions for dissolution, liquidation, and distribution of assets upon termination are also included. 6. Transferability of Interests: The agreement clarifies the conditions and restrictions associated with transferring partnership interests between existing partners or to third parties. It stipulates the procedures for obtaining consent, valuing the interests, and the effects of transfer on partnership rights and obligations. 7. Non-Compete and Confidentiality: To safeguard the partnership's interests, the agreement may include non-compete and confidentiality clauses. These provisions restrict partners from engaging in similar activities or disclosing sensitive proprietary information during and after the partnership's lifespan. 8. Dispute Resolution: In the event of disputes or disagreements, the partnership agreement may establish a mechanism for alternative dispute resolution, such as mediation or arbitration, to avoid costly litigation. Types of Kentucky Sample Limited Partnership Agreements between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc.: 1. General Kentucky Sample Limited Partnership Agreement: This agreement is the foundational type of limited partnership agreement and sets forth the standard terms and conditions for the partnership between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. 2. Kentucky Sample Limited Partnership Agreement with Profit-Sharing Provisions: This agreement variant places a particular emphasis on profit-sharing provisions, allowing the partners to distribute profits in a customized manner to suit their business objectives and priorities. 3. Kentucky Sample Limited Partnership Agreement with Targeted Duration: This type of agreement establishes a specific duration for the partnership, ensuring a clear timeline and facilitating planning for both partners. Conclusion: The Kentucky Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. provides a framework for collaboration in the aviation industry. As a comprehensive legally-binding document, it governs the relationship between the partners, outlining capital contributions, profit and loss allocation, management, decision-making processes, and dispute resolution mechanisms. The agreement sets the stage for a productive partnership between two renowned entities, paving the way for mutual growth and success in their shared business ventures.