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Conflict of Interest of General Partners & Release 

Conflict of Interest of General Partners & Release

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. 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 Partners.

 
This attorney-prepared legal form includes:
 
1. Instructions and Checklist for the Conflict of Interest of General Partners & Release;
2. Detailed information about the Conflict of Interest of General Partners & Release;
3. Conflict of Interest of General Partners & Release.
 
State Law Compliance: Designed for use in all states.
 
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Disclaimer: The information provided in this site is not legal advice, but general information on legal issues commonly encountered. ContractCentral's Legal Document Service is not a law firm and is not a substitute for an attorney or law firm. Your access to and use of this site is subject to additional terms and conditions.
 
 
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