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1. Parties: Identifies the seller, purchaser, and any other relevant parties such as the general partner of the limited partnership
2. Background: Provides context about the limited partnership, the seller's current interest, and the proposed transaction
3. Definitions: Defines key terms used throughout the agreement
4. Sale and Purchase: Core provisions detailing the transfer of the partnership interest and purchase price
5. Purchase Price and Payment: Specifies the consideration and payment terms including timing and method of payment
6. Completion: Details the completion mechanics, timing, and deliverables
7. Seller's Warranties: Standard warranties from the seller regarding ownership, authority, and status of the partnership interest
8. Purchaser's Warranties: Basic warranties from the purchaser regarding authority and capacity to purchase
9. Confidentiality: Provisions regarding confidentiality of the transaction and partnership information
10. Notices: Formal requirements for giving notices under the agreement
11. General Provisions: Standard boilerplate provisions including governing law, amendments, and severability
12. Execution: Signature blocks and execution formalities
1. Conditions Precedent: Used when completion is subject to certain conditions being satisfied, such as regulatory approvals or third-party consents
2. Tax Matters: Included when specific tax arrangements or allocations need to be addressed
3. Non-Competition: Added when the seller needs to be restricted from competing activities
4. Further Assurance: Included when additional actions may be needed post-completion
5. Partnership Consent: Required when the partnership agreement has specific requirements for transfers
6. Regulatory Compliance: Added when the transfer requires specific regulatory compliance provisions
7. Break Fee: Included when parties agree to compensation if the deal fails under certain circumstances
1. Partnership Interest Details: Details of the partnership interest being transferred, including percentage, capital account balance, and any special rights
2. Form of Transfer Notice: Template for the formal notice of transfer to be provided to the partnership
3. Completion Deliverables: List of all documents and items to be delivered at completion
4. Warranties: Detailed warranties beyond those in the main agreement
5. Partnership Agreement: Copy of the current partnership agreement (by reference)
6. Required Consents: List of required consents and their status
7. Existing Encumbrances: Details of any existing encumbrances on the partnership interest
Business Day
Completion
Completion Date
Encumbrance
General Partner
Hong Kong
Limited Partnership
Limited Partnership Agreement
Limited Partner
Partnership Interest
Purchase Price
Purchaser
Regulatory Approvals
Related Rights
Seller
Transfer Documents
Transfer Notice
Warranties
Capital Account
Capital Commitment
Confidential Information
Consideration
Default Event
Disclosed Information
Effective Date
Governmental Authority
Initial Limited Partnership Agreement
Loss
Material Adverse Effect
Partnership Assets
Partnership Records
Permitted Encumbrances
Representatives
Transaction Documents
Transfer Restrictions
Undrawn Commitment
Unpaid Capital Contribution
Working Day
Purchase Price
Payment Terms
Completion
Conditions Precedent
Warranties and Representations
Seller Covenants
Purchaser Covenants
Partnership Consent
Transfer Mechanics
Regulatory Compliance
Confidentiality
Non-Competition
Tax Matters
Liabilities and Indemnification
Further Assurance
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Entire Agreement
Severability
Amendments
Costs and Expenses
Third Party Rights
Counterparts
Time of Essence
Partnership Obligations
Capital Account Adjustments
Private Equity
Venture Capital
Investment Management
Financial Services
Asset Management
Fund Management
Professional Services
Real Estate Investment
Infrastructure Investment
Legal
Compliance
Investment
Finance
Risk Management
Fund Administration
Corporate Secretarial
Due Diligence
Legal Counsel
Investment Manager
Fund Manager
Compliance Officer
Chief Financial Officer
Investment Director
Partner
Managing Director
General Counsel
Transaction Manager
Investment Associate
Fund Administrator
Risk Manager
Company Secretary
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