Alberta Admission Agreement to Land Development Partnership
Bring on a new partner to an Alberta land development partnership with this Admission Agreement.
- This Admission Agreement would be used to admit a new partner into a partnership which was formed for the purpose of constructing and developing a commercial office and retail project on land owned by one of the partners.
- Provisions of the Admission Agreement include:
- capital contribution to be made by the new partner;
- covenants, representations and warranties of each of the parties;
- cash distributions and repayments to be made to original partners at the time of the new partner's buy-in;
- amendments to be made to the original Partnership Agreement, including allocation of partnership profit or loss;
- a management committee appointed by the partners will be responsible for managing and operating the partnership affairs.
- This template is in MS Word format and is fully editable to fit your circumstances.
- Intended to be used in the Province of Alberta, Canada.
Download Type:
Microsoft Word
Last Updated: 29-September-2022