Products tagged with 'united states partnership agreement'

Set up a limited partnership between a general partner and several limited partners with this Limited Partnership Agreement template for the State of New York.

• Limited partners must purchase a minimum number of partnership units in accordance with a private placement offering. Limited partners will not be obligated to make additional capital contributions.
• Capital contributions not used for operations within a specified number of years will be returned, with deductions for offering expenses.
• Capital contributions cannot be withdrawn or reduced except as a result of the dissolution of the partnership.
• Partnership units may be transferred or assigned with the consent of the general partner.
• Additional general partners may be admitted, provided they have substantial means to protect the federal tax status of the partnership. Any additional general partners will not be entitled to share in the distributions allocable to the limited partners.
• Available in MS Word format.
• Intended for use only in the State of New York.

Establish a general partnership with this comprehensive document template for USA partnerships.

This document serves as a comprehensive template for establishing a general partnership in the United States. It is designed to address key aspects of partnership formation, management, and dissolution, ensuring that all partners are aware of their rights and responsibilities under U.S. law.

Capital Contributions and Withdrawals

Any voluntary contributions or withdrawals of capital by a partner require the unanimous consent of all partners. This provision ensures that financial decisions impacting the partnership are agreed upon collectively, maintaining transparency and trust among the partners.

Division of Profits and Losses

All profits and losses generated by the partnership will be divided equally among the partners. This approach promotes fairness and equality, recognizing the shared efforts and contributions of each partner within the business.

Admission of New Partners

A new partner may only be admitted into the partnership if they match the initial capital contributions made by the existing partners. This requirement ensures that all partners have an equal financial stake in the business from the outset.

Dissolution of Partnership

The partnership will be dissolved under any of the following circumstances:

• upon the death, disability, or voluntary withdrawal of a partner; or
• if a partner fails to make a required capital contribution.

These conditions are set to protect the interests of the remaining partners and to provide clear guidelines for ending the partnership.

Non-Competition Agreement for Withdrawing Partners

Any partner who chooses to withdraw from the partnership must agree not to compete with the partnership. This non-competition clause is intended to safeguard the business and prevent conflicts of interest after a partner's departure.

Format and Jurisdiction

The template is available in Microsoft Word format for ease of editing and customization. It is governed by U.S. laws and is intended solely for use within the United States.

Set up a strategic partnership to develop and market software apps in the USA with this comprehensive Software Development Partnership Agreement.

• The partners will work together to develop, implement, market and provide ongoing support for the software.
• One of the partners will have primary responsibility for development of the software, and the other will have primary responsibility for marketing and selling the final product. However, both parties will be required to expend sufficient time and effort in all areas.
• Each partner will have equal rights in managing the business, but neither partner has the authority to act on behalf of the other partner.
• Revenues will be deposited into an operating account from which partnership expenses will be paid. Profits will be distributed to the partners at regular intervals.
• Each partner is responsible for paying their own taxes and remittances.
• The Agreement contains two alternate sets of clauses for ownership of the intellectual property - one for joint ownership and one for individual ownership.
• The file also contains confidentiality and non-competition provisions.
• This USA Software Development Partnership Agreement template is provided in MS Word format, and is fully editable to fit your specific circumstances.

Set up a USA limited partnership between a general partner and several limited partners with this Limited Partnership Agreement template.

• The General Partner will not be required to contribute any cash to the capital of the Partnership. The Limited Partners must each purchase a minimum number of units.
• The limited partners are not liable for the debts or liabilities of the Partnership and are not required to make additional capital contributions.
• The liability exposure of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
• The General Partner has full authority in the management of the Partnership.
• The agreement includes provisions for withdrawal of the General Partner and assignment of a partnership interest. The Partnership has a right of first refusal to purchase the withdrawing partner's units.
• This template is provided in MS Word format and is easy to download and customize.
• Governed by U.S. laws and intended to be used only within the United States.

Set up a partnership which will in turn act as general partner of a limited partnership with this customizable template for the USA.

• The partnership being formed by the agreement will be managed by a managing partner.
• The managing partner will have control of the day-to-day business operations, and will be responsible for all tax matters. All matters outside of the day-to-day business will be decided by a majority vote of all partners.
• The partners will devote a necessary amount of time and attention to the partnership business, but are not restricted from involvement in other businesses, whether they compete with the partnership business or not.
• Admission to the partnership is limited to the managing partner, its CEO and the other officers and directors of the managing partner.
• This template is available as a MS Word download, and is fully editable to meet your needs.
• Intended to be used only in the United States.