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Addendum To Partnership Agreement
I need an Addendum to Partnership Agreement to add a new limited partner to our existing German law partnership, with an initial capital contribution of €500,000, to be effective from March 1, 2025, while maintaining the current management structure.
1. Parties: Identification of all parties to the original partnership agreement who are affected by this addendum
2. Background: Reference to the original partnership agreement including its date and parties, and brief context for why the addendum is necessary
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement that remain applicable
4. Amendments: Detailed description of specific modifications to the original agreement, clearly referencing the sections being modified
5. Effect on Original Agreement: Confirmation that all other terms of the original agreement remain in full force and effect
6. Governing Law: Confirmation that the addendum is governed by German law, consistent with the original agreement
7. Execution: Signature blocks for all parties, including date and place of signing
1. Effective Date: Specific section stating when the amendments take effect, if different from the signing date
2. Representations and Warranties: Additional confirmations by the parties, needed if the amendments involve significant changes to partner responsibilities or capital contributions
3. Regulatory Compliance: Required if the amendments need to address specific regulatory requirements or permissions
4. Third Party Consents: Include if the amendments require approval from external parties or regulatory bodies
5. Transitional Provisions: Include if the amendments require a transition period or phased implementation
1. Schedule of Amendments: Detailed list of specific clauses being amended, showing both original and new text
2. Updated Partner Information: If the amendments involve changes to partner details, contributions, or profit sharing
3. Regulatory Approvals: Copies of any required regulatory approvals or third-party consents
4. Updated Financial Terms: If the amendments involve changes to financial arrangements or capital structure
5. Comparison Version: Redline showing changes between original agreement and amended versions of modified clauses
Authors
Effective Date
Amended Terms
Parties
Partnership
General Partner (Komplementär)
Limited Partner (Kommanditist)
Amendment Date
Original Partnership Agreement
Modified Provisions
Remaining Provisions
Capital Contribution (Einlage)
Partnership Share (Gesellschaftsanteil)
Partnership Interest
Managing Partner
Profit Sharing Ratio
Loss Sharing Ratio
Business Day
Governing Law
Partnership Assets (Gesellschaftsvermögen)
Partner's Capital Account
Distribution
Management Rights
Voting Rights
Transfer Rights
Consent Requirements
Professional Rules
Regulatory Approvals
Amendments
Partnership Term
Definitions
Interpretation
Reference to Original Agreement
Effective Date
Capital Contributions
Profit Sharing
Loss Allocation
Management Rights
Voting Rights
Transfer Restrictions
Partner Obligations
Partnership Interest
Decision Making
Distribution Rights
Admission of Partners
Withdrawal of Partners
Regulatory Compliance
Governing Law
Integration
Severability
Further Assurance
Execution
Notices
Continuation Clause
Third Party Rights
Dispute Resolution
Counterparts
Authority
Legal Services
Professional Services
Real Estate
Manufacturing
Trading and Commerce
Healthcare
Architecture
Engineering
Consulting
Financial Services
Technology
Retail
Construction
Agriculture
Media and Entertainment
Legal
Corporate Governance
Finance
Compliance
Risk Management
Corporate Secretariat
Business Development
Operations
Executive Leadership
Partnership Management
Managing Partner
Senior Partner
Legal Counsel
Corporate Lawyer
Partnership Manager
Chief Executive Officer
Chief Financial Officer
Business Development Director
Compliance Officer
Risk Manager
Company Secretary
Managing Director
Finance Director
Operations Director
Professional Partner
General Counsel
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