THE ANNOTATED LP/LLC AGREEMENT - TexasBarCLE home page 2025

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The document titled 'The Annotated LP/LLC Agreement' by Bernard E. Jones presents a new approach to drafting Limited Partnership (LP) and Limited Liability Company (LLC) agreements. It emphasizes a unified, simplified format that treats LP and LLC agreements as variations of the same form, aiming to make them easier for attorneys to draft and clients to understand. The document includes detailed provisions on formation, management, financial contributions, profit allocations, member rights, transfer restrictions, and winding up procedures. It also highlights the importance of clear definitions and streamlined processes in legal agreements.

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