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1. Parties: Identification of the purchaser and seller(s) of the partnership interest
2. Background: Context of the transaction, including brief description of the partnership and reason for the sale
3. Definitions: Definitions of key terms used throughout the agreement
4. Purchase and Sale: Core transaction terms including partnership interest being sold and purchase price
5. Payment Terms: Structure and timing of payment, including any adjustments
6. Closing: Closing mechanics, conditions precedent, and timing
7. Representations and Warranties of Seller: Seller's statements about the partnership interest, business, and authority to sell
8. Representations and Warranties of Purchaser: Purchaser's statements about authority and ability to complete purchase
9. Covenants: Pre-closing and post-closing obligations of the parties
10. Partnership Consent: Confirmation of required approvals from other partners
11. Indemnification: Risk allocation and indemnification obligations
12. Tax Matters: Treatment of tax liabilities and obligations
13. Confidentiality: Protection of confidential information
14. General Provisions: Standard boilerplate provisions including governing law, notices, and amendments
1. Seller Financing: Terms of any vendor financing if part of purchase price is paid over time
2. Intellectual Property: Specific provisions dealing with IP assets if significant to the partnership
3. Employee Matters: Provisions dealing with employees if partnership has employees
4. Real Estate: Provisions dealing with real property if partnership owns/leases significant real estate
5. Environmental Matters: Environmental representations and indemnities if partnership has environmental exposure
6. International Provisions: Additional provisions for cross-border transactions
7. Competition Approval: Required if transaction size meets Competition Act thresholds
8. Transitional Services: If seller will provide services post-closing
1. Schedule A - Partnership Interest Description: Detailed description of partnership interest being purchased
2. Schedule B - Purchase Price Allocation: Breakdown of purchase price allocation for tax purposes
3. Schedule C - Partnership Assets: List of material partnership assets
4. Schedule D - Material Contracts: List of important partnership contracts
5. Schedule E - Required Consents: List of third-party consents needed for transfer
6. Schedule F - Permitted Encumbrances: List of permitted liens and encumbrances
7. Schedule G - Disclosure Schedule: Exceptions to representations and warranties
8. Appendix 1 - Form of Transfer Documents: Forms of documents to effect transfer of partnership interest
9. Appendix 2 - Closing Checklist: List of documents and actions required at closing
Purchase and Sale
Purchase Price
Payment Terms
Closing Conditions
Due Diligence
Partnership Consent
Seller Representations and Warranties
Purchaser Representations and Warranties
Pre-Closing Covenants
Post-Closing Covenants
Non-Competition
Non-Solicitation
Confidentiality
Tax Matters
Employee Matters
Intellectual Property
Real Property
Environmental Compliance
Regulatory Compliance
Indemnification
Insurance
Force Majeure
Assignment
Partnership Management
Third Party Consents
Dispute Resolution
Termination
Survival
Governing Law
Notice
Amendment
Entire Agreement
Severability
Further Assurances
Waiver
Costs and Expenses
Time of Essence
Counterparts
Professional Services
Real Estate
Manufacturing
Technology
Healthcare
Construction
Retail
Agriculture
Mining
Energy
Financial Services
Consulting
Transportation and Logistics
Hospitality
Media and Entertainment
Legal
Finance
Tax
Corporate Development
Mergers & Acquisitions
Compliance
Risk Management
Business Development
Executive Leadership
Partnership Management
Corporate Secretary Office
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Managing Partner
Corporate Lawyer
Tax Director
Business Development Manager
Partnership Manager
Due Diligence Manager
Financial Controller
Corporate Secretary
Compliance Officer
Managing Director
Investment Manager
Risk Manager
Transaction Advisory Manager
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