THIS LIMITED PARTNERSHIP AGREEMENT is entered into on 22 December 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE ("General Partner")

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE ("LP 1")

Whereas

(A) LP1 (the "Limited Partner") wishes to establish a partnership with the General Partner (each a “Partner”, together the “Partners”) in TERRITORY under the name of NAME (the Partnership) for the purpose of BUSINESS.

(B) The Partners wish to regulate their relationship as partners in the Partnership and the management of the Partnership in accordance with the terms of this Agreement.

 

It is agreed as follows:

1. Interpretation

Definitions

1.1 In this Agreement the following expressions have the following meanings:

Accounting Period, with respect to the Partnership, means the period from and including FIN_YEAR in any calendar year to and excluding FIN_YEAR in the following year or such other period or periods as the Partners may determine;

Affiliate, in relation to any Partner, means any subsidiary or holding company for the time being of that Partner and any other subsidiary for the time being of that holding company;

Accounts mean the accounts of the Partnership audited by the Auditors in accordance with clause 12;