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In this video, Spencer Burton introduces Ron Rohde, a legal contributor, who will explain a waterfall template partnership agreement, highly requested by viewers. This document is designed for partnerships, typically involving a general partner and a limited partner, detailing the terms of their investment. It outlines the rights and responsibilities of both parties, including the return of capital once specific thresholds are achieved. Ron emphasizes the variety of legal and modeling options available for sophisticated projects and introduces Matthew Green, a seasoned real estate analyst and acquisitions expert, who will provide further insights.