Limited Partnership Agreement Template UK

The Limited Partnership Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, and comes with customizable and printable examples.


Sample

Limited Partnership Agreement Template UK

Editable – Printable



Limited Partnership Agreement Template UK

1. Limited Partnership Information


2. General Partner Information


3. Limited Partner Information


4. Agreement Details

5. Nature of Business

6. Contributions by General Partner

7. Contributions by Limited Partner

8. Allocation of Profits and Losses

9. Management and Control

10. Confidentiality

11. Termination Clauses

12. Governing Law

13. Signatures and Agreement

14. Declaration and Signatures




PDF


WORD

Examples


Limited Partnership Agreement Template UK (1)
Between:
[Name of the Limited Partner]
[Limited Partner’s ID]
[Limited Partner’s Address]
[Limited Partner’s Phone]
[Limited Partner’s Email]
And:
[Name of the General Partner]
[General Partner’s ID]
[General Partner’s Address]
[General Partner’s Phone]
[General Partner’s Email]
Introduction:
This agreement establishes the terms and conditions for a Limited Partnership between [Name of the General Partner] and [Name of the Limited Partner], commencing on [Start Date].
Clause 1: Purpose of the Partnership
The purpose of this Limited Partnership is to [Specify purpose, e.g., engage in the business of providing consulting services].
Clause 2: Contributions and Ownership Interests
The Limited Partner shall contribute [Amount] and hold [Percentage]% ownership, while the General Partner contributes [Amount] and holds [Percentage]% ownership.
Clause 3: Profit and Loss Distribution
Profits and losses of the partnership will be distributed as follows: [Detail the distribution agreement, e.g., in proportion to ownership interests].
Clause 4: Management and Authority
The General Partner shall hold full authority to manage the partnership’s affairs. The Limited Partner shall not participate in management decisions.
Clause 5: Termination of Partnership
The partnership may be dissolved upon mutual consent or by either party providing [Notice Period, e.g., 60 days] written notice under specific conditions.
Clause 6: Indemnification
The General Partner agrees to indemnify the Limited Partner from any liabilities resulting from the management of the partnership, except in cases of gross negligence.
Clause 7: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Limited Partner]
[Name of the Limited Partner]
[Signature of the General Partner]
[Name of the General Partner]
Limited Partnership Agreement Template UK (2)
Between:
[Name of the Limited Partner]
[Limited Partner’s ID]
[Limited Partner’s Address]
[Limited Partner’s Phone]
[Limited Partner’s Email]
And:
[Name of the General Partner]
[General Partner’s ID]
[General Partner’s Address]
[General Partner’s Phone]
[General Partner’s Email]
Introduction:
This Limited Partnership Agreement details the rights and responsibilities of the partners in forming and operating the Limited Partnership, effective from [Start Date].
Clause 1: Partnership Name and Principal Place of Business
The partnership will operate under the name [Partnership Name] and its principal place of business shall be located at [Business Address].
Clause 2: Capital Contributions
The partners agree to the following capital contributions: [Detail contributions of each partner and any non-cash contributions].
Clause 3: Allocating Profits and Losses
Profits and losses shall be allocated based on [Specify allocations, e.g., percentage of contributions or as otherwise agreed].
Clause 4: Rights and Duties of Partners
The General Partner shall manage the business while the Limited Partner shall be liable only to the extent of their capital contribution.
Clause 5: Withdrawal of a Partner
A partner may withdraw from the partnership by providing [Notice Period] written notice, under the conditions specified in this agreement.
Clause 6: Confidentiality
All partners agree to maintain the confidentiality of proprietary information of the partnership and its operations.
Clause 7: Dispute Resolution
Any disputes arising under this agreement shall first be addressed through mediation before proceeding to arbitration or litigation.
Signed in [City], [Date].
Sincerely,
[Signature of the Limited Partner]
[Name of the Limited Partner]
[Signature of the General Partner]
[Name of the General Partner]

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Limited Partnership Agreement Template UK