Document background
The Limited Partnership Term Sheet is a crucial preliminary document used when parties intend to form a limited partnership in Singapore. It captures the fundamental commercial understanding between general partners and potential limited partners before proceeding with detailed documentation. This document typically precedes the formal Limited Partnership Agreement and includes essential terms such as investment strategy, capital commitments, management structure, and economic arrangements. Under Singapore's legal framework, particularly the Limited Partnerships Act 2008, this document serves as a roadmap for negotiation and subsequent partnership formation.
