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Full-Time General Partner Agreement 

Full-Time General Partner Agreement

This is a standard approval for a General Partner to become full time. This is often done under crisis conditions when a partnership is not doing well and the limited work out an arrangement with the General Partner to go full time to attempt to save the partnership, either in a cooperative manner or under the threat of the General Partner being sued if he does not undertake this full time responsibility. You can add more specific duties, pay schedules, and the like to this agreement if you believe it appropriate.

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