This office lease provision refers to a tenant that is a partnership or if the tenant's interest in the lease shall be assigned to a partnership. Any such partnership, professional corporation and such persons will be held by this provision of the lease.
Broward Florida Standard Provision to Limit Changes in a Partnership Entity is a legal framework that governs the regulations and restrictions surrounding the modification of a partnership agreement in Broward County, Florida. This provision ensures that any changes made to the partnership entity are done so in a controlled and transparent manner. There are different types of Broward Florida Standard Provisions to Limit Changes in a Partnership Entity, each designed to address specific aspects of the partnership agreement. Some of these provisions include: 1. Change Control Provision: This provision outlines the process and requirements for making changes to the partnership agreement. It establishes a set of rules and guidelines that must be followed when proposing, reviewing, and approving any changes to the partnership entity. 2. Voting Rights Provision: The Voting Rights Provision determines how voting power is allocated amongst the partners. It ensures that each partner has a fair and equal say in the decision-making process regarding any modifications or amendments to the partnership agreement. 3. Notice and Disclosure Provision: This provision mandates that any proposed changes to the partnership entity must be communicated to all partners in a timely and transparent manner. It requires the partners to disclose all relevant information regarding the changes and provide all necessary documentation for review and evaluation. 4. Consent Requirement Provision: The Consent Requirement Provision establishes the threshold of consent required from the partners to approve any modifications to the partnership agreement. It guarantees that a significant majority of partners must agree to the proposed changes before they can be implemented. 5. Dispute Resolution Provision: This provision establishes the procedures for resolving any disagreements or conflicts that may arise during the modification process. It ensures that disputes are handled fairly and efficiently to avoid any potential disruptions or delays in the partnership entity's operations. These various Broward Florida Standard Provisions to Limit Changes in a Partnership Entity work together to safeguard the interests of all partners and maintain the stability and integrity of the partnership agreement. By providing a clear framework for making changes, these provisions promote transparency, accountability, and effective partnership management.Broward Florida Standard Provision to Limit Changes in a Partnership Entity is a legal framework that governs the regulations and restrictions surrounding the modification of a partnership agreement in Broward County, Florida. This provision ensures that any changes made to the partnership entity are done so in a controlled and transparent manner. There are different types of Broward Florida Standard Provisions to Limit Changes in a Partnership Entity, each designed to address specific aspects of the partnership agreement. Some of these provisions include: 1. Change Control Provision: This provision outlines the process and requirements for making changes to the partnership agreement. It establishes a set of rules and guidelines that must be followed when proposing, reviewing, and approving any changes to the partnership entity. 2. Voting Rights Provision: The Voting Rights Provision determines how voting power is allocated amongst the partners. It ensures that each partner has a fair and equal say in the decision-making process regarding any modifications or amendments to the partnership agreement. 3. Notice and Disclosure Provision: This provision mandates that any proposed changes to the partnership entity must be communicated to all partners in a timely and transparent manner. It requires the partners to disclose all relevant information regarding the changes and provide all necessary documentation for review and evaluation. 4. Consent Requirement Provision: The Consent Requirement Provision establishes the threshold of consent required from the partners to approve any modifications to the partnership agreement. It guarantees that a significant majority of partners must agree to the proposed changes before they can be implemented. 5. Dispute Resolution Provision: This provision establishes the procedures for resolving any disagreements or conflicts that may arise during the modification process. It ensures that disputes are handled fairly and efficiently to avoid any potential disruptions or delays in the partnership entity's operations. These various Broward Florida Standard Provisions to Limit Changes in a Partnership Entity work together to safeguard the interests of all partners and maintain the stability and integrity of the partnership agreement. By providing a clear framework for making changes, these provisions promote transparency, accountability, and effective partnership management.
