General Partnership Agreement of A Business - Free Download | Page 2
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"Retirement": the determination of a Partner, of which notice shall have been given to
all other Partners, no longer to continue as a Partner.
Section 1
NAME
The name of the Partnership shall be "^ABCD Associates."
Section 2
PRINCIPAL PLACE OF BUSINESS
The Partnership's principal office and place of business (the "Office") shall be ^, ^,
Illinois.
The Partnership shall have such other or additional offices as the Partners may from
time to time designate in accordance with this Agreement.
Section 3
BUSINESS AND PURPOSE
3.1. The Partnership's business and purpose are to acquire, hold, manage, operate,
develop, sell and lease real property or interests therein ("Property"), including but not limited
to that certain parcel of land and all improvements constructed thereon described on Exhibit A
hereto, and to engage in any other business that the Partners, acting in accordance with
Section 8 of this Agreement, shall determine.
3.2. The Partnership shall have authority and power to engage in any other activities
necessary to conduct the business described in Section 3.1 including, by way of illustration
and not limitation, arranging for and delivering contracts of sale, deeds, leases, deeds of trust,
ground leases, mortgages, notes and other evidence of indebtedness, security agreements,
and other security instruments; entering into agreements for the construction, design and
management of improvements; and doing all things reasonably incident to the development,
management, leasing and sale of Property.
Section 4
TERM
The Partnership shall commence on the date of this Agreement and, unless sooner
terminated in accordance with this Agreement, shall continue until the close of business on ^,
19^.
Section 5
CAPITAL CONTRIBUTIONS
5.1. The initial capital contribution of each Partner to the Partnership shall be made
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