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Effective Limited Partnership Agreements, Clause by Clause

December 08, 2021 (1 min read)

Need a guide through the ins and outs of a limited partnership agreement (LPA) for a private equity fund? Don’t miss a step! The LPA is the primary legal document for forming a private fund and for negotiating its terms. The LPA covers the economic and procedural elements of a fund’s operation and should clearly specify the rights and obligations of each of the limited partners and general partner. This practice note walks through key considerations in drafting an effective LPA.

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