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    Provisions to Create Phantom Partnership Interests


    Create phantom partnership interests for persons who have made significant contributions by adding these provisions to your Partnership Agreement.

    • Phantom partnership units can be issued to employees, professional advisors, consultants and other parties whose contributions have been a significant factor in the business' success.
    • Each holder of phantom units is deemed included as a partner, 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.
    • This form is available in MS Word format.
    Download Type: Microsoft Word
    Last Updated: 22-May-2023
    SKU: 4275