Create "phantom" partnership interests for persons who have made significant contributions (such as employees or professional advisors) by adding these provisions to your Partnership Agreement.

Each holder of these "phantom units" is deemed included in the term "parter", and is entitled to distributions to partners, notwithstanding that s/he is not actually a partner.

Phantom units cannot be transferred without the consent of the General Partner.

These phantom partnership provisions are provided in MS Word format.