Products tagged with 'general partnership'
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Real Estate General Partnership Agreement | USA
Set up a general partnership for buying, developing and leasing real estate properties with this USA Real Estate General Partnership Agreement template.
- Cash flow of the partnership will be distributed among the partners in the same proportion as profits and losses are allocated.
- If the income produced by the partnership properties is not sufficient to pay operating costs, the partners will contribute additional funds in proportion to their capital interests.
- If a partner fails to make his/her contribution, the other partners may contribute additional funds, which may be treated either as additional capital or as a loan to the defaulting partner.
- A partner may transfer all or part of his interest to or for the benefit of a spouse or descendant(s).
- If a partner wants to transfer all or part of his interest to someone other than a family member, the other partners have a first right of refusal to purchase the interest.
- The partnership can be terminated by a majority vote (based on interests). Upon termination the partnership assets will be sold and any net proceeds will be distributed to the partners in proportion to their capital interests.
- The USA Real Estate General Partnership Agreement template is available as a downloadable Microsoft Word file, which is fully customizable to meet your needs.
$29.99
Alberta General Partnership Agreement
Prepare a General Partnership Agreement for an Alberta partnership with this comprehensive template.
- Net profits or losses will be shared or made up by the partners on a pro rata basis.
- Additional capital contributions will also be made pro rata among the partners.
- Provisions for designation of a managing partner.
- Procedure for performing an annual valuation.
- No assignment or transfer of a partner's interest is allowed without consent of the other partners.
- Procedure for withdrawal of a partner.
- This legal form template is provided in MS Word format and is fully editable to fit your needs.
- Intended for use only in the Province of Alberta, Canada.
$17.99
Ontario Partnership Agreement with Special Unit Provisions
Prepare a Partnership Agreement for an Ontario partnership with this template, which provides for a special partnership unit to be issued for assets vended in.
- Ordinary partnership units are issued to the partners in accordance with their financial contributions, and a special unit is issued to one partner which has vended in certain assets to be used by the partnership business.
- The holder of the special unit will be allocated profits (or losses) in addition to those allocated among the ordinary units.
- Partnership units of a withdrawing partner will be distributed among the remaining partners pro rata their holdings, except for the special unit, which will be redeemed in exchange for a promissory note.
- This legal contract template is available as a fully editable and customizable MS Word document.
- Intended for use only in the Province of Ontario, Canada.
$29.99
Ontario Partnership Agreement
Set up a general partnership in Ontario with this downloadable Partnership Agreement template.
- The Partnership Agreement contains provisions for:
- Admission of new partners.
- Allocation of profits and losses, and income and losses for income tax purposes, among the partners in proportion to their respective interests.
- If partnership earnings are not sufficient to pay its debts and liabilities, the partners will make up the difference in proportion to their respective interests.
- If any partner is required to pay more than its share due to default on the part of another partner, the first partner will have a lien and charge against the income account of the defaulting partner.
- Management of the business of the partnership by a managing committee.
- Withdrawal of a partner.
- Available in MS Word format.
- Intended for use only in the Province of Ontario, Canada.
$29.99
Partnership Agreement to Dissolve on Death or Insolvency
This Partnership Agreement template contains clauses providing for the partnership to dissolve upon the death, insolvency or mental incapacity of one of the partners.
- Decisions must be made by a majority of ownership interests.
- Any partner can also dissolve the partnership by giving written notice to the other partners.
- The partners agree to resolve any disputes through arbitration.
- There are no provisions for the sale or disposition of the interest of any partner, so partners cannot withdraw from the partnership.
- This is a generic legal template that is not country-specific and can be used in many jurisdictions.
- Download the Partnership Agreement template immediately after you purchase it, personalize it with your details, print and sign.
$14.99
General Partnership Agreement | USA
Establish a general partnership with this comprehensive document template for USA partnerships.
- Voluntary capital contributions or withdrawals require the consent of all partners.
- Profits and losses will be divided equally among the partners.
- Any new partner admitted into the partnership must match the initial capital contributions of the existing partners.
- The partnership dissolves upon the death, disability or voluntary withdrawal of a partner, or if a partner fails to make a capital contribution when required.
- Withdrawing partners must agree not to compete with the partnership.
- Available in MS Word format.
- Governed by US laws and intended to be used only in the United States.
$11.99
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