New York 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. New York Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Partnership Type: General Partnership This Limited Partnership Agreement ("Agreement") is entered into on [Date], between DAHLIA Holdings, Inc. ("DAHLIA"), a company organized and existing under the laws of the state of New York, and Decade Aircraft Holdings, Inc. ("Decade"), a company organized and existing under the laws of the state of New York. 1. Name and Principal Place of Business: The partnership shall be known as "DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Limited Partnership" and its principal place of business shall be located at [Address]. 2. Purpose: The purpose of this limited partnership is to engage in the business of [Briefly describe the business objective, e.g., acquiring, managing, and selling aircraft assets]. 3. Contributions: DAHLIA shall contribute assets, including but not limited to cash, real estate, and intellectual property rights, with a total estimated value of [Amount in USD]. Decade shall contribute assets, including but not limited to cash, aircraft inventory, and equipment, with a total estimated value of [Amount in USD]. These contributions shall be made on or before [Date]. 4. Distribution of Profits and Losses: The profits and losses of the partnership shall be shared among the partners as follows: DAHLIA shall receive [Percentage] of the net profits, and Decade shall receive [Percentage] of the net profits. In the event of losses, these percentages shall be utilized for allocating the liabilities. 5. Management: DAHLIA shall act as the general partner and shall be responsible for managing the day-to-day operations of the partnership. Decade shall have limited partner status and shall not participate in the management decisions but shall have the right to inspect books and receive reports. 6. Term and Dissolution: The partnership will commence on [Date] and shall continue until terminated by mutual agreement, written notice, or other terms as laid out in the agreement. In the event of dissolution, liquidation of partnership assets shall be carried out according to the terms outlined in this agreement. 7. Confidentiality: Both parties acknowledge and agree to maintain the strictest confidentiality regarding any proprietary, financial, or business information disclosed during the course of the partnership. This obligation shall continue even after termination or dissolution of the partnership. 8. Governing Law: This partnership agreement shall be governed by and construed in accordance with the laws of the state of New York. This Agreement constitutes the entire understanding between the parties and supersedes any prior written or verbal agreements or understandings between them. IN WITNESS WHEREOF, the parties hereto have executed this New York Sample Limited Partnership Agreement as of the day and year first above written. [Signatures of Representatives from DAHLIA Holdings, Inc.] [Signatures of Representatives from Decade Aircraft Holdings, Inc.] Note: This is a hypothetical example of a New York Sample Limited Partnership Agreement and should not be used as a legal reference. It is advisable to consult with a legal professional to tailor the agreement to specific business requirements and current New York state laws.

New York Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Partnership Type: General Partnership This Limited Partnership Agreement ("Agreement") is entered into on [Date], between DAHLIA Holdings, Inc. ("DAHLIA"), a company organized and existing under the laws of the state of New York, and Decade Aircraft Holdings, Inc. ("Decade"), a company organized and existing under the laws of the state of New York. 1. Name and Principal Place of Business: The partnership shall be known as "DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Limited Partnership" and its principal place of business shall be located at [Address]. 2. Purpose: The purpose of this limited partnership is to engage in the business of [Briefly describe the business objective, e.g., acquiring, managing, and selling aircraft assets]. 3. Contributions: DAHLIA shall contribute assets, including but not limited to cash, real estate, and intellectual property rights, with a total estimated value of [Amount in USD]. Decade shall contribute assets, including but not limited to cash, aircraft inventory, and equipment, with a total estimated value of [Amount in USD]. These contributions shall be made on or before [Date]. 4. Distribution of Profits and Losses: The profits and losses of the partnership shall be shared among the partners as follows: DAHLIA shall receive [Percentage] of the net profits, and Decade shall receive [Percentage] of the net profits. In the event of losses, these percentages shall be utilized for allocating the liabilities. 5. Management: DAHLIA shall act as the general partner and shall be responsible for managing the day-to-day operations of the partnership. Decade shall have limited partner status and shall not participate in the management decisions but shall have the right to inspect books and receive reports. 6. Term and Dissolution: The partnership will commence on [Date] and shall continue until terminated by mutual agreement, written notice, or other terms as laid out in the agreement. In the event of dissolution, liquidation of partnership assets shall be carried out according to the terms outlined in this agreement. 7. Confidentiality: Both parties acknowledge and agree to maintain the strictest confidentiality regarding any proprietary, financial, or business information disclosed during the course of the partnership. This obligation shall continue even after termination or dissolution of the partnership. 8. Governing Law: This partnership agreement shall be governed by and construed in accordance with the laws of the state of New York. This Agreement constitutes the entire understanding between the parties and supersedes any prior written or verbal agreements or understandings between them. IN WITNESS WHEREOF, the parties hereto have executed this New York Sample Limited Partnership Agreement as of the day and year first above written. [Signatures of Representatives from DAHLIA Holdings, Inc.] [Signatures of Representatives from Decade Aircraft Holdings, Inc.] Note: This is a hypothetical example of a New York Sample Limited Partnership Agreement and should not be used as a legal reference. It is advisable to consult with a legal professional to tailor the agreement to specific business requirements and current New York state laws.