North Dakota Amended Equity Fund Partnership Agreement for New Fund Hub is a legal document that outlines the terms and conditions of a partnership agreement specifically related to equity funds in the state of North Dakota. This agreement is crucial in establishing the rights, responsibilities, and obligations of the parties involved in the partnership for the purpose of managing and operating a new fund hub. The North Dakota Amended Equity Fund Partnership Agreement for New Fund Hub has various types tailored to specific requirements and objectives. These may include: 1. General Partnership Agreement: This type of agreement establishes a general partnership between two or more parties, allowing them to collectively contribute capital, share profits and losses, and actively participate in the management and decision-making process of the fund hub. 2. Limited Partnership Agreement: In this agreement, there are two types of partners involved: general partners and limited partners. General partners have unlimited liability and contribute to the management of the fund hub, while limited partners have limited liability and mainly invest capital without actively participating in management decisions. 3. Limited Liability Partnership Agreement: It provides partners with limited liability protection, shielding them from personal responsibility for the partnership's debts and obligations. This type of agreement is suitable for professionals or licensed individuals looking to establish a fund hub while ensuring personal protection. 4. Master-Feeder Partnership Agreement: This agreement structures a fund hub into two parts: Master Fund and Feeder Fund(s). The Feeder Fund(s) channel investments from various sources into the Master Fund, which serves as the primary operative entity. This structure helps combine resources, diversify investments, and achieve operational efficiency. The North Dakota Amended Equity Fund Partnership Agreement for New Fund Hub covers various essential clauses, including but not limited to: — Purpose and objectives of the partnership — Capital contributions and profit/loss distribution — Governance structure, decision-making process, and management responsibilities — Admission and withdrawal of partner— - Dissolution and liquidation procedures — Dispute resolution mechanism— - Confidentiality and non-disclosure provisions — Intellectual property rights and ownership It is important to consult with legal professionals knowledgeable in North Dakota's rules and regulations to ensure compliance with state laws and to customize the agreement to the specific needs of the fund hub.