South Dakota 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 South Dakota Sample Limited Partnership Agreement is a legal document outlining the terms and conditions of a partnership between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. This agreement is designed to establish a cooperative business relationship while protecting the rights and responsibilities of both parties involved. This partnership agreement encompasses various key aspects such as the purpose of the partnership, capital contributions, profit sharing, management structure, decision-making procedures, dispute resolution, and dissolution of the partnership. It serves as a blueprint for the smooth operation and governance of the partnership and ensures clarity and transparency in all business transactions. In the South Dakota Sample Limited Partnership Agreement between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp., important clauses include: 1. Purpose: This section defines the primary objective of the partnership, which may include investment in regional malls or real estate projects in the state of South Dakota. 2. Capital Contributions: The agreement details the respective capital contributions made by each partner, outlining the amount, form, and timing of these contributions. It also explains the consequences of any partners failing to fulfill their obligations. 3. Profit Sharing: This clause establishes the formula or method for sharing profits and losses among the partners. It outlines how the net profits or losses will be divided and distributes accordingly. 4. Management and Decision-Making: This section clarifies the roles and responsibilities of each partner concerning the day-to-day operations, decision-making, and management of the partnership. It may appoint a managing partner or establish a management committee with specific powers and limitations. 5. Dispute Resolution: This clause defines the methods and procedures to resolve any conflicts or disputes between the partners, which may include negotiation, mediation, or arbitration. It aims to ensure that conflicts are resolved amicably and without resorting to lengthy legal procedures. 6. Dissolution: This section outlines the circumstances under which the partnership may be dissolved, including bankruptcy, mutual agreement, or expiration of the partnership term. It also establishes the procedures for settling outstanding debts, selling assets, and distributing remaining profits among the partners. While there may be variations in limited partnership agreements depending on business specifics, the primary purpose remains the same — to clearly define the terms of the partnership and protect the interests of all parties involved.

South Dakota Sample Limited Partnership Agreement is a legal document outlining the terms and conditions of a partnership between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. This agreement is designed to establish a cooperative business relationship while protecting the rights and responsibilities of both parties involved. This partnership agreement encompasses various key aspects such as the purpose of the partnership, capital contributions, profit sharing, management structure, decision-making procedures, dispute resolution, and dissolution of the partnership. It serves as a blueprint for the smooth operation and governance of the partnership and ensures clarity and transparency in all business transactions. In the South Dakota Sample Limited Partnership Agreement between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp., important clauses include: 1. Purpose: This section defines the primary objective of the partnership, which may include investment in regional malls or real estate projects in the state of South Dakota. 2. Capital Contributions: The agreement details the respective capital contributions made by each partner, outlining the amount, form, and timing of these contributions. It also explains the consequences of any partners failing to fulfill their obligations. 3. Profit Sharing: This clause establishes the formula or method for sharing profits and losses among the partners. It outlines how the net profits or losses will be divided and distributes accordingly. 4. Management and Decision-Making: This section clarifies the roles and responsibilities of each partner concerning the day-to-day operations, decision-making, and management of the partnership. It may appoint a managing partner or establish a management committee with specific powers and limitations. 5. Dispute Resolution: This clause defines the methods and procedures to resolve any conflicts or disputes between the partners, which may include negotiation, mediation, or arbitration. It aims to ensure that conflicts are resolved amicably and without resorting to lengthy legal procedures. 6. Dissolution: This section outlines the circumstances under which the partnership may be dissolved, including bankruptcy, mutual agreement, or expiration of the partnership term. It also establishes the procedures for settling outstanding debts, selling assets, and distributing remaining profits among the partners. While there may be variations in limited partnership agreements depending on business specifics, the primary purpose remains the same — to clearly define the terms of the partnership and protect the interests of all parties involved.