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Conflict of Interest by General Partner & Release
Conflict of Interest by General Partner & Release
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.
Dated: __________________________
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
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.