Partnerships Templates
The writing templates of this subject are presented in the following outline. The outline prioritizes practicality, offering context to clarify the relationships between templates and provide a clear framework.
Determining the Type of Partnership
What type of relationship did the parties establish? (Coming Soon)
General Partnerships (GPs)
Was the general partnership validly formed?
Has the partner violated their duties to the partnership or the other partners? (Duty of Loyalty and Care)
Have the management rights of the partner been violated?
Property of the Partnership:
- Whether the allocation of profits and losses was proper.
- Whether the distribution was proper.
- Whether the transfer of the partnership interest was proper.
- Whether the partner’s transfer partnership property was proper.
- Whether the property belongs to a partner or the partnership.
- Whether a partner has a right to use or possess partnership property.
Limited Liability Partnerships (LLPs)
Was the LLP validly formed?
Is the LLP partner personally liable for an obligation of the LLP?
Was the LLP properly terminated?
- (Coming Soon)
Limited Partners (LPs)
In General:
- Whether the LP was validly formed.
- Whether the allocation of profits and losses is proper.
- Whether the assignment of the partnership includes becoming a legal partner or is limited to the distributions associated with the interest.
- Whether a limited partner may bring a derivative suit against the general partners.
- What is the priority of distributions?
- Whether the LP was terminated.
Limited Partners:
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