Common Contracts
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Silent business partnership agreement pdfJuly 10th, 2023
A silent partner is an individual whose involvement in a partnership is limited to providing capital to the business. A silent partner is seldom involved in the partnership's daily operations and does not generally participate in management meetings. Silent partners are also known as limited partners, since their liability is typically limited to the amount invested in the partnership. Apart from providing capital, an effective silent partner can benefit an enterprise by giving guidance when solicited, providing business contacts to develop the business, and stepping in for mediation when a dispute arises between other partners. Regardless of such requests, it is considered a background role that cedes control to the general partner. This requires the silent partner to have full confidence in the general partner's ability to grow the business. The silent partner also may need to ensure that their management styles or corporate visions are compatible. As with other partnership agreement
