Products tagged with 'contract provisions'

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.