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LIMITED PARTNERSHIP AGREEMENT

STATE OF DELAWARE

Formed pursuant to Delaware Revised Uniform Limited Partnership Act (6 Del. C. Chapter 17).

Note: Delaware is the most popular jurisdiction for limited partnership formations due to its flexible DRULPA and the specialized Court of Chancery for business disputes.

KEY PROVISIONS

  1. Formation - Certificate filed with Delaware Secretary of State per 6 Del. C. § 17-201
  2. General Partner - Unlimited liability unless modified by agreement
  3. Limited Partners - Limited liability per 6 Del. C. § 17-303
  4. Fiduciary Duties - May be modified per 6 Del. C. § 17-1101
  5. Dissolution - Per 6 Del. C. § 17-801 et seq.
  6. Annual Tax - $300 annual tax due by June 1

SCHEDULE A

Partner Type Name Capital Contribution Percentage
General Partner [NAME] $[AMOUNT] [%]
Limited Partner [NAME] $[AMOUNT] [%]

EXECUTION

GENERAL PARTNER: _________________ Date: _______
LIMITED PARTNER: _________________ Date: _______

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