Montana Sample Limited Partnership Agreement between Shearson Regional Malls, Inc. and Shearson Regional Malls Depositary Corp.

• Category: Corporations - Public - Limited Partnerships
• State: Multi-State
• Control #: US-EG-9173
• Format: Word; Rich Text

Description

Amended and Restated Agr. of Limited Partnership of Shopco Regional Malls, LP btwn Shearson Regional Malls, Inc. and Shearson Regional Malls Depositary Corp. dated October 6, 1998. 67 pages Montana Sample Limited Partnership Agreement: Introduction: The Montana Sample Limited Partnership Agreement is a legally binding document that outlines the terms and conditions governing the partnership between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. This agreement establishes the rights, responsibilities, and obligations of each party involved in the partnership. Partnership Structure: The agreement outlines the structure of the partnership, designating She arson Regional Malls, Inc. as the general partner and She arson Regional Malls Depository Corp. as the limited partner. It details the roles and authorities of each partner, highlighting the decision-making process, profit distribution, and liability distribution. Capital Contribution: The agreement provides a comprehensive explanation of the capital contributions required from both partners. It discusses the initial contribution made by each partner and any subsequent contributions, if applicable. Furthermore, it outlines the consequences of failure to fulfill capital obligations. Profits and Losses Distribution: This section details the manner in which profits and losses will be allocated among the partners. It specifies the percentage shares of profits and losses that each partner will receive based on their capital contributions and predetermined distribution ratios. Management and Decision Making: The agreement outlines the decision-making process within the partnership. It specifies the responsibilities of the general partner in managing the day-to-day operations and major business decisions. Additionally, it discusses the limited partner's limited involvement in decision-making and potential veto rights for crucial matters. Term and Termination: This section clarifies the duration of the partnership and the process for termination. It describes the scenarios under which the partnership can be dissolved, such as mutual agreement, bankruptcy, or death of a partner. It also covers the steps to be taken in case of termination, including the distribution of remaining assets. Dispute Resolution: The agreement includes provisions for resolving conflicts and disputes that may arise between the partners. It outlines the preferred methods of dispute resolution, such as negotiation, mediation, or arbitration, in order to avoid costly and time-consuming litigation. Confidentiality and Non-Compete: The agreement addresses the expectations of confidentiality and non-compete obligations of the partners during the course of the partnership. It prohibits the partners from disclosing proprietary or sensitive information to third parties or engaging in activities that may compete with the partnership's interests. Amendment and Governing Law: This section explains the process for making amendments to the agreement and articulates the governing law under which the partnership operates. In the case of any conflicts, the agreement identifies the courts or arbitration bodies that shall have jurisdiction over the matter. Types of Montana Sample Limited Partnership Agreements: Apart from the general Montana Sample Limited Partnership Agreement discussed above, specific variations of this agreement may exist based on the specific circumstances or objectives of the partnership. Some notable types include: 1. Montana Sample Limited Partnership Agreement for Real Estate Ventures: This agreement is tailored for partnerships in the realm of real estate investment or development. It may include additional provisions related to property acquisition, leasing, construction, and management. 2. Montana Sample Limited Partnership Agreement for Financial Investments: Partnerships specializing in financial investments, such as securities, stocks, or mutual funds, may have specific agreements that address compliance with regulatory bodies, investment strategies, and profit-sharing mechanisms particular to the financial industry. 3. Montana Sample Limited Partnership Agreement for Technology Ventures: Partnerships focused on technology-related ventures, such as software development or IT services, may require specific provisions to address intellectual property ownership, licensing, and the ever-evolving technological landscape. It is crucial for businesses to consult legal professionals to draft a partnership agreement suitable for their unique goals and needs. The Montana Sample Limited Partnership Agreement should serve as a helpful starting point, but customization is necessary to ensure compliance with relevant laws and regulations.

Montana Sample Limited Partnership Agreement: Introduction: The Montana Sample Limited Partnership Agreement is a legally binding document that outlines the terms and conditions governing the partnership between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. This agreement establishes the rights, responsibilities, and obligations of each party involved in the partnership. Partnership Structure: The agreement outlines the structure of the partnership, designating She arson Regional Malls, Inc. as the general partner and She arson Regional Malls Depository Corp. as the limited partner. It details the roles and authorities of each partner, highlighting the decision-making process, profit distribution, and liability distribution. Capital Contribution: The agreement provides a comprehensive explanation of the capital contributions required from both partners. It discusses the initial contribution made by each partner and any subsequent contributions, if applicable. Furthermore, it outlines the consequences of failure to fulfill capital obligations. Profits and Losses Distribution: This section details the manner in which profits and losses will be allocated among the partners. It specifies the percentage shares of profits and losses that each partner will receive based on their capital contributions and predetermined distribution ratios. Management and Decision Making: The agreement outlines the decision-making process within the partnership. It specifies the responsibilities of the general partner in managing the day-to-day operations and major business decisions. Additionally, it discusses the limited partner's limited involvement in decision-making and potential veto rights for crucial matters. Term and Termination: This section clarifies the duration of the partnership and the process for termination. It describes the scenarios under which the partnership can be dissolved, such as mutual agreement, bankruptcy, or death of a partner. It also covers the steps to be taken in case of termination, including the distribution of remaining assets. Dispute Resolution: The agreement includes provisions for resolving conflicts and disputes that may arise between the partners. It outlines the preferred methods of dispute resolution, such as negotiation, mediation, or arbitration, in order to avoid costly and time-consuming litigation. Confidentiality and Non-Compete: The agreement addresses the expectations of confidentiality and non-compete obligations of the partners during the course of the partnership. It prohibits the partners from disclosing proprietary or sensitive information to third parties or engaging in activities that may compete with the partnership's interests. Amendment and Governing Law: This section explains the process for making amendments to the agreement and articulates the governing law under which the partnership operates. In the case of any conflicts, the agreement identifies the courts or arbitration bodies that shall have jurisdiction over the matter. Types of Montana Sample Limited Partnership Agreements: Apart from the general Montana Sample Limited Partnership Agreement discussed above, specific variations of this agreement may exist based on the specific circumstances or objectives of the partnership. Some notable types include: 1. Montana Sample Limited Partnership Agreement for Real Estate Ventures: This agreement is tailored for partnerships in the realm of real estate investment or development. It may include additional provisions related to property acquisition, leasing, construction, and management. 2. Montana Sample Limited Partnership Agreement for Financial Investments: Partnerships specializing in financial investments, such as securities, stocks, or mutual funds, may have specific agreements that address compliance with regulatory bodies, investment strategies, and profit-sharing mechanisms particular to the financial industry. 3. Montana Sample Limited Partnership Agreement for Technology Ventures: Partnerships focused on technology-related ventures, such as software development or IT services, may require specific provisions to address intellectual property ownership, licensing, and the ever-evolving technological landscape. It is crucial for businesses to consult legal professionals to draft a partnership agreement suitable for their unique goals and needs. The Montana Sample Limited Partnership Agreement should serve as a helpful starting point, but customization is necessary to ensure compliance with relevant laws and regulations.