Partnerships

Conflict of Interest by General Partner: Release

Greg Stone Greg Stone
How To Use

This review list is provided to inform you about this document in question and assist in its preparation. Conflict of interest issues are business ones and always tricky to decide.

A General Partner is well advised to get them out in the open so as to avoid charges of secretive activities with fraudulent intent, inducement to invest, and the like. Limiteds are advised to review the conflicts seriously and consider how they would have acted if they had known this up front.

If, as a Limited, you do not like the way the Partnership is going, and you are presented with this kind of document to sign, it gives you substantial leverage to get your investment back plus interest or bonus.

At a minimum, the Limiteds can negotiate a better payout percentage for themselves and/or reduction to the draw of the General Partner(s).

  1. Make multiple copies. Be sure each signatory gets one. Keep a set in the Partnership records.

Conflict of Interest of General Partner: Release

______________________________, constituting all of the limited partners of ____________________________, and ______________________________, constituting all of the general partners of the ___________________________ limited partnership agree:

That the general partners of the partnership may have the following conflicts of interest with the partnership: ________________________________________________

The Limited Partners accept these conflicts of interest and make no requirement of the General Partner(s) to remove themselves from these situations in question.

__________________
Date

General partners:
_____________________________
_____________________________
_____________________________

Limited Partners shall sign the attached Exhibit One or duplicate originals of the same.

Exhibit One: Names & Addresses of Limited Partners and their signatures

_____________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

_____________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

_____________________________
Limited Partner Signature

Printed Name and Address: __________________________________
Social Security Number: ________________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

______________________________
Limited Partner Signature

Printed Name and Address: _________________________________
Social Security Number: _______________________________

Note: Include as many more lines as there are Limited Partners.