Common Contracts
1 similar Partnership Agreement contracts
Question-OnePartnership Agreement • March 23rd, 2022
In 1997, Al and Cate duly formed a limited partnership, Sleep Inn, L.P. ("Inn"), to own and operate a motel to be built in Albany County. The partnership agreement provided that Motels Inc ("Motels"), a New York corporation of which Al was the president and sole shareholder, would be the managing general partner, and that Al and Cate would be limited partners. The agreement contained no provision concerning transferability of partnership interests. Inn then entered into a contract with Dan to construct the motel, which was executed by Al "as president of Motels, managing general partner of Inn."
