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Form of Agreement of Limited Partnership SEC Gov

Form of Agreement of Limited Partnership SEC Gov

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okay what is the partnership agreement well as we previously discussed in other videos an atwi partnership generally arises by the conduct of the parties and there's not a great deal of advanced Planning by the parties um such as an agreement between them allocating different rights roles responsibilities within the partnership but um sometimes Partnerships are planned activities uh whereby the partners enter into an agreement among the partners uh regarding how the partnership is going to be organize um the structure the management decisions uh the allocation of control the uh allocation of an ownership interest the allocation of um any profits or losses coming from the business entity and then uh may even make um some form of changes or modifications to uh the duties inherent between the partners in the partnership itself so uh a partnership agreement is basically the Govern governing document for the organization and structure uh of the partnership you could you could compar

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