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Limited Partnership Deed
"I need a Limited Partnership Deed for a real estate development project in Lahore, Pakistan, with two general partners and five limited partners, where the limited partners will contribute 80% of the initial capital of PKR 50 million, with operations starting March 1, 2025."
1. Parties: Identification of all partners, distinguishing between general and limited partners, including their full names, addresses, and registration details if applicable
2. Background: Brief context of the partnership formation, business purpose, and intention of the parties
3. Definitions and Interpretation: Definitions of key terms used in the deed and rules for interpreting the document
4. Partnership Name and Business: Official name of the partnership and detailed description of its business activities
5. Term and Commencement: Duration of the partnership and its commencement date
6. Capital Contributions: Details of initial and any agreed future capital contributions from each partner
7. Profit and Loss Sharing: Formula and mechanism for distribution of profits and allocation of losses
8. Management and Control: Rights and responsibilities of general partners in managing the partnership
9. Limited Partners' Rights and Restrictions: Scope and limitations of limited partners' involvement and their rights
10. Banking and Financial Records: Requirements for maintaining partnership accounts and financial records
11. Transfer of Partnership Interest: Rules and procedures for transferring partnership interests
12. Dissolution and Winding Up: Circumstances and procedures for partnership dissolution
13. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and relevant jurisdiction
14. Notices: Procedure for giving notices between partners and to the partnership
1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners have other business interests
2. Intellectual Property Rights: Ownership and use of IP within the partnership, important for technology or brand-focused businesses
3. Death or Incapacity of Partners: Procedures following death or incapacity of any partner, particularly relevant for family businesses
4. Dispute Resolution: Alternative dispute resolution procedures, recommended for complex partnerships
5. Insurance: Requirements for business insurance, important for high-risk businesses
6. Additional Capital Calls: Procedures for requesting additional capital, relevant for businesses anticipating expansion
7. Partnership Committee: Formation and powers of a partnership committee, useful for larger partnerships
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule 2 - Profit Sharing Ratios: Detailed formula and examples of profit and loss distribution
3. Schedule 3 - Business Plan: Initial business plan and objectives of the partnership
4. Schedule 4 - Partner Information: Detailed information about each partner including contact details and nominee information
5. Schedule 5 - Partnership Assets: List of assets contributed to or owned by the partnership
6. Appendix A - Registration Requirements: Checklist of registration requirements under Pakistani law
7. Appendix B - Management Procedures: Detailed procedures for partnership management and decision-making
Authors
Accounting Period
Additional Capital Contribution
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Defaulting Partner
Effective Date
Encumbrance
Financial Year
General Partner
Initial Capital Contribution
Insolvency Event
Limited Partner
Limited Partnership
Management Committee
Partner
Partnership
Partnership Agreement
Partnership Assets
Partnership Interest
Partnership Property
Partnership Share
Profit and Loss Account
Quarter
Registered Office
Related Party
Relevant Law
Reserved Matters
Security Interest
Tax Year
Term
Territory
Transfer
Withdrawal Notice
Partnership Name
Business Purpose
Term
Capital Contribution
Additional Capital
Profit and Loss Distribution
Management Rights
Limited Partner Rights
General Partner Authority
Partner Obligations
Banking Arrangements
Accounting
Financial Records
Partner Meetings
Decision Making
Transfer Restrictions
Admission of Partners
Withdrawal
Removal
Death and Incapacity
Confidentiality
Non-Competition
Intellectual Property
Partnership Property
Distribution Policy
Reserve Requirements
Tax Matters
Indemnification
Insurance
Default
Dispute Resolution
Amendments
Termination
Dissolution
Winding Up
Notices
Governing Law
Force Majeure
Assignment
Severability
Entire Agreement
Real Estate Development
Private Equity
Venture Capital
Manufacturing
Trading
Professional Services
Technology
Agriculture
Retail
Construction
Healthcare
Hospitality
Legal
Corporate Affairs
Finance
Compliance
Risk Management
Investment
Business Development
Commercial
Company Secretarial
Operations
Legal Counsel
Corporate Lawyer
Business Development Manager
Investment Manager
Chief Financial Officer
Managing Partner
Company Secretary
Compliance Officer
Risk Manager
General Partner
Limited Partner
Investment Director
Partnership Administrator
Commercial Director
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