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1. Parties: Identification of the seller(s), purchaser(s), and the partnership entity
2. Background: Context of the transaction and current partnership structure
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Sale and Purchase of Partnership Interest: Core transaction terms including the partnership interest being sold
5. Purchase Price: Price, payment terms, and any adjustments
6. Conditions Precedent: Conditions that must be satisfied before completion
7. Pre-Completion Obligations: Obligations of parties between signing and completion
8. Completion: Mechanics of closing, including deliverables and timing
9. Representations and Warranties: Statements of fact and assurances from both parties
10. Tax Matters: Tax obligations, indemnities, and allocations
11. Confidentiality: Confidentiality obligations regarding the transaction and partnership information
12. Notices: Process for formal communications between parties
13. Governing Law and Jurisdiction: Applicable law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including amendments, waivers, etc.
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Regulatory Approvals: Required when specific regulatory clearances are needed
3. Non-Competition: Restrictions on seller's future business activities
4. Transition Services: When seller agrees to provide post-completion support
5. Foreign Investment Compliance: Required for international investors
6. Bank Guarantee/Escrow: When additional payment security is required
7. Tag-Along/Drag-Along Rights: For agreements involving multiple partners
8. Environmental Matters: For partnerships involving industrial or real estate assets
9. Employee Matters: When partnership has significant employee considerations
1. Partnership Interest Details: Detailed description of the partnership interest being transferred
2. Partnership Assets: List of material assets owned by the partnership
3. Completion Deliverables: List of documents and items to be delivered at completion
4. Warranties: Detailed warranties given by the seller
5. Encumbrances: List of existing charges or encumbrances on the partnership interest
6. Existing Partner Consents: Copies of required consents from other partners
7. Outstanding Liabilities: List of partnership's material liabilities
8. Regulatory Filings: Forms and documents required for regulatory compliance
9. Property Schedule: Details of partnership's real estate holdings if applicable
Definitions
Interpretation
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Pre-Completion Obligations
Completion
Post-Completion Obligations
Representations and Warranties
Tax Covenants
Indemnification
Partnership Management
Transfer Restrictions
Non-Competition
Confidentiality
Partner Consents
Regulatory Compliance
Stamp Duty
Force Majeure
Termination
Dispute Resolution
Governing Law
Jurisdiction
Notices
Assignment
Amendment
Waiver
Severability
Entire Agreement
Counterparts
Third Party Rights
Partnership Accounts
Time of Essence
Further Assurance
Real Estate
Private Equity
Manufacturing
Infrastructure
Technology
Healthcare
Hospitality
Retail
Agriculture
Professional Services
Energy
Transportation
Financial Services
Construction
Media and Entertainment
Legal
Finance
Corporate Development
Compliance
Tax
Risk Management
Investment
Business Development
Operations
Corporate Secretarial
Chief Executive Officer
Chief Financial Officer
General Counsel
Legal Director
Partnership Manager
Investment Manager
Corporate Lawyer
Finance Director
Business Development Manager
Compliance Officer
Tax Manager
Managing Partner
Private Equity Manager
Risk Manager
Company Secretary
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