LIMITED PARTNERSHIP AGREEMENT
STATE OF COLORADO
DOCUMENT HEADER
This Limited Partnership Agreement is entered into as of [EFFECTIVE DATE] by and among the General Partner(s) and Limited Partner(s) identified in Schedule A.
The Partners form a limited partnership pursuant to the Colorado Uniform Limited Partnership Act (C.R.S. § 7-62-101 et seq.).
1. FORMATION
Formation under C.R.S. § 7-62-101 et seq. Certificate filed with Colorado Secretary of State.
2. NAME AND PURPOSE
Name: "[PARTNERSHIP NAME], LP". Purpose: [DESCRIBE BUSINESS PURPOSE].
3. PARTNERS AND CONTRIBUTIONS
General Partner(s) have unlimited liability per C.R.S. § 7-62-403. Limited Partner(s) have limited liability per C.R.S. § 7-62-303.
4. ALLOCATIONS AND DISTRIBUTIONS
Per Percentage Interests as determined by General Partner.
5. MANAGEMENT
General Partner has exclusive management authority.
6. LIMITED PARTNER RIGHTS
Limited liability per C.R.S. § 7-62-303. Information rights per C.R.S. § 7-62-305.
7. TRANSFER OF INTERESTS
General Partner: unanimous consent. Limited Partner: GP consent required.
8. DISSOLUTION
Per C.R.S. § 7-62-801 et seq. Certificate of Cancellation filed with Colorado Secretary of State.
9. DISPUTE RESOLUTION
Arbitration in Denver, Colorado. Jury waiver included.
10. COLORADO-SPECIFIC PROVISIONS
- Certificate filed with Colorado Secretary of State per C.R.S. § 7-62-201
- Periodic report requirements
- Electronic signatures valid per C.R.S. § 24-71.3-101 et seq.
EXECUTION
GENERAL PARTNER: _________________________________ Date: ___________
LIMITED PARTNER(S): _________________________________ Date: ___________
SCHEDULE A
| Partner Type | Name | Capital Contribution | Percentage Interest |
|---|---|---|---|
| General Partner | [NAME] | $[AMOUNT] | [%] |
| Limited Partner | [NAME] | $[AMOUNT] | [%] |