Clark Nevada Sample Limited Partnership Agreement between DAH-IP Holdings, Inc. and DeCrane Aircraft Holdings, Inc.

• Category: Corporations - Public - Partnerships
• State: Multi-State
• County: Clark
• 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. Clark Nevada Sample Limited Partnership Agreement is a legally binding document that establishes a partnership between DAHLIA Holdings, Inc. (hereinafter referred to as "DAHLIA") and Decade Aircraft Holdings, Inc. (hereinafter referred to as "Decade Aircraft"). The partnership agreement outlines the rights, responsibilities, and obligations of each party involved in the partnership. The Clark Nevada Sample Limited Partnership Agreement governs the partnership's operations, profit-sharing, decision-making processes, and exit strategies, among other important aspects. It provides a framework for both DAHLIA and Decade Aircraft to collaborate effectively and work towards their common goals. Here are some key features typically found in the Clark Nevada Sample Limited Partnership Agreement: 1. Purpose: The partnership agreement clearly states the purpose of the partnership, which may include acquiring, leasing, or managing aircraft assets, joint investment opportunities, or any other mutually agreed objectives. 2. Name and Principal Place of Business: The agreement specifies the name of the partnership (e.g., Clark Nevada Sample Limited Partnership) and its principal place of business, which may be subject to change with the consent of both parties. 3. Initial Capital Contributions: It outlines the initial capital contributions made by each partner, whether in cash, assets, or intellectual property, to fund the partnership's operations and investments. The agreement may also mention any future contributions required from partners. 4. Profit and Loss Allocation: The agreement establishes how profits and losses will be distributed among partners based on their capital contributions or as agreed upon. It may include provisions for preferential allocations or return on investment calculations. 5. Management and Decision-Making: The Clark Nevada Sample Limited Partnership Agreement defines the management structure, including the appointment of a general partner, who has the authority to make decisions on behalf of the partnership. It also mentions any specific voting rights or decision-making requirements. 6. Governance and Reporting: The partnership agreement may outline the frequency and format of financial reports, accounting procedures, and tax filings. It may also include provisions for audit rights to ensure transparency and control. 7. Transfer of Partnership Interests: The agreement details the procedures and restrictions that apply when a partner wishes to transfer or sell their interest in the partnership. These provisions protect the interests of both DAHLIA and Decade Aircraft by requiring consent or offering a right of first refusal to the other partner. 8. Dissolution and Termination: The partnership agreement describes the conditions in which the partnership can be dissolved or terminated, such as a mutual agreement, bankruptcy, or expiration of a fixed term. It specifies the distribution of remaining assets and liabilities upon dissolution. This description outlines the primary features encompassed within the Clark Nevada Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Further variations or types of partnership agreements specific to their business relationship may exist, encompassing additional clauses or modifications tailored to their particular circumstances.

Clark Nevada Sample Limited Partnership Agreement is a legally binding document that establishes a partnership between DAHLIA Holdings, Inc. (hereinafter referred to as "DAHLIA") and Decade Aircraft Holdings, Inc. (hereinafter referred to as "Decade Aircraft"). The partnership agreement outlines the rights, responsibilities, and obligations of each party involved in the partnership. The Clark Nevada Sample Limited Partnership Agreement governs the partnership's operations, profit-sharing, decision-making processes, and exit strategies, among other important aspects. It provides a framework for both DAHLIA and Decade Aircraft to collaborate effectively and work towards their common goals. Here are some key features typically found in the Clark Nevada Sample Limited Partnership Agreement: 1. Purpose: The partnership agreement clearly states the purpose of the partnership, which may include acquiring, leasing, or managing aircraft assets, joint investment opportunities, or any other mutually agreed objectives. 2. Name and Principal Place of Business: The agreement specifies the name of the partnership (e.g., Clark Nevada Sample Limited Partnership) and its principal place of business, which may be subject to change with the consent of both parties. 3. Initial Capital Contributions: It outlines the initial capital contributions made by each partner, whether in cash, assets, or intellectual property, to fund the partnership's operations and investments. The agreement may also mention any future contributions required from partners. 4. Profit and Loss Allocation: The agreement establishes how profits and losses will be distributed among partners based on their capital contributions or as agreed upon. It may include provisions for preferential allocations or return on investment calculations. 5. Management and Decision-Making: The Clark Nevada Sample Limited Partnership Agreement defines the management structure, including the appointment of a general partner, who has the authority to make decisions on behalf of the partnership. It also mentions any specific voting rights or decision-making requirements. 6. Governance and Reporting: The partnership agreement may outline the frequency and format of financial reports, accounting procedures, and tax filings. It may also include provisions for audit rights to ensure transparency and control. 7. Transfer of Partnership Interests: The agreement details the procedures and restrictions that apply when a partner wishes to transfer or sell their interest in the partnership. These provisions protect the interests of both DAHLIA and Decade Aircraft by requiring consent or offering a right of first refusal to the other partner. 8. Dissolution and Termination: The partnership agreement describes the conditions in which the partnership can be dissolved or terminated, such as a mutual agreement, bankruptcy, or expiration of a fixed term. It specifies the distribution of remaining assets and liabilities upon dissolution. This description outlines the primary features encompassed within the Clark Nevada Sample Limited Partnership Agreement between DAHLIA Holdings, Inc. and Decade Aircraft Holdings, Inc. Further variations or types of partnership agreements specific to their business relationship may exist, encompassing additional clauses or modifications tailored to their particular circumstances.