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In this video tutorial, Spencer Burton introduces Ron Rohde as the legal contributor who will be explaining a waterfall template partnership agreement. This document outlines the rights and responsibilities of both parties in a partnership, including the return of capital when certain thresholds are met. Viewers have requested this document to help them come to an agreement on their investment terms. Ron Rohde and Matthew Green, a real estate analyst, will walk viewers through the legal and modeling options available in this sophisticated project.