New Jersey 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: New Jersey Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Introduction: The following is a detailed description of a New Jersey Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. This agreement outlines the terms and conditions governing the partnership between the two companies. It establishes a legal framework for collaboration and sets forth the rights, responsibilities, and obligations of each partner. 1. Definition and Purpose of the Agreement: This section explains the parties involved in the partnership agreement and their respective roles. It defines the purpose of the agreement and the objectives it aims to achieve, emphasizing the collaboration between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. 2. Contributions and Capital: This clause details the capital contributions made by each partner, including both initial contributions and subsequent investments. It defines the ownership interests and profit-sharing ratios between the partners, outlining any preferred returns or priority distributions if applicable. 3. Management and Decision-Making: This section outlines the governance structure, explaining how decisions will be made within the partnership. It defines the roles and responsibilities of the general partner (DAHLIA Holdings, Inc.) and the limited partner (Decade Aircraft Holdings, Inc.), including the authority, duties, and limitations for each partner. 4. Profits, Losses, and Distributions: Here, the agreement highlights the distribution of profits and losses among the partners. It establishes the method for calculating and distributing profits, clearly defining the allocation percentages and any provisions for adjusting these percentages based on performance or other factors. 5. Withdrawal, Retirement, and Dissolution: This clause governs the withdrawal or retirement of a partner and the process of dissolution in case the partnership needs to be terminated. It outlines the requirements and procedures involved, including the distribution of assets and liabilities upon dissolution. 6. Dispute Resolution: In the event of a partnership dispute, this section outlines the mechanisms for resolving conflicts, such as mediation or arbitration. It defines the jurisdiction for legal proceedings and establishes the procedure for initiating legal action. Types of New Jersey Sample Limited Partnership Agreements: 1. New Jersey Sample Limited Partnership Agreement — Standard Format: This is a comprehensive partnership agreement that covers all essential aspects for a typical limited partnership, suitable for general business collaborations. 2. New Jersey Sample Limited Partnership Agreement — Real Estate: This type of agreement focuses on partnerships formed specifically for real estate investments or development projects, incorporating provisions related to property acquisition, management, and rental income distribution. 3. New Jersey Sample Limited Partnership Agreement — Investment Fund: This agreement is tailored for partnerships formed as investment funds, where, besides outlining partnership specifics, it includes provisions related to capital commitment, investor rights, and fund management. Conclusion: A well-drafted New Jersey Sample Limited Partnership Agreement is crucial for establishing a robust and legally binding partnership between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. It ensures clarity, fairness, and the protection of both parties' interests. It is essential to consult legal professionals to customize and finalize the partnership agreement according to the specific needs and circumstances of the partnership.

Title: New Jersey Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Introduction: The following is a detailed description of a New Jersey Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. This agreement outlines the terms and conditions governing the partnership between the two companies. It establishes a legal framework for collaboration and sets forth the rights, responsibilities, and obligations of each partner. 1. Definition and Purpose of the Agreement: This section explains the parties involved in the partnership agreement and their respective roles. It defines the purpose of the agreement and the objectives it aims to achieve, emphasizing the collaboration between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. 2. Contributions and Capital: This clause details the capital contributions made by each partner, including both initial contributions and subsequent investments. It defines the ownership interests and profit-sharing ratios between the partners, outlining any preferred returns or priority distributions if applicable. 3. Management and Decision-Making: This section outlines the governance structure, explaining how decisions will be made within the partnership. It defines the roles and responsibilities of the general partner (DAHLIA Holdings, Inc.) and the limited partner (Decade Aircraft Holdings, Inc.), including the authority, duties, and limitations for each partner. 4. Profits, Losses, and Distributions: Here, the agreement highlights the distribution of profits and losses among the partners. It establishes the method for calculating and distributing profits, clearly defining the allocation percentages and any provisions for adjusting these percentages based on performance or other factors. 5. Withdrawal, Retirement, and Dissolution: This clause governs the withdrawal or retirement of a partner and the process of dissolution in case the partnership needs to be terminated. It outlines the requirements and procedures involved, including the distribution of assets and liabilities upon dissolution. 6. Dispute Resolution: In the event of a partnership dispute, this section outlines the mechanisms for resolving conflicts, such as mediation or arbitration. It defines the jurisdiction for legal proceedings and establishes the procedure for initiating legal action. Types of New Jersey Sample Limited Partnership Agreements: 1. New Jersey Sample Limited Partnership Agreement — Standard Format: This is a comprehensive partnership agreement that covers all essential aspects for a typical limited partnership, suitable for general business collaborations. 2. New Jersey Sample Limited Partnership Agreement — Real Estate: This type of agreement focuses on partnerships formed specifically for real estate investments or development projects, incorporating provisions related to property acquisition, management, and rental income distribution. 3. New Jersey Sample Limited Partnership Agreement — Investment Fund: This agreement is tailored for partnerships formed as investment funds, where, besides outlining partnership specifics, it includes provisions related to capital commitment, investor rights, and fund management. Conclusion: A well-drafted New Jersey Sample Limited Partnership Agreement is crucial for establishing a robust and legally binding partnership between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. It ensures clarity, fairness, and the protection of both parties' interests. It is essential to consult legal professionals to customize and finalize the partnership agreement according to the specific needs and circumstances of the partnership.