Limited partnership agreement
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A limited partnership agreement sets out the terms between general partners, who manage the business, and limited partners, who invest without taking part in day-to-day operations. It covers formation details, the partnership's name, and the rights and obligations of each party under state law. Having these terms in writing helps prevent disputes and gives every partner a clear picture of their role and liability.
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Last updated:8 October 2026
Suggest changesFile size:784 kb
Pages:6
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