PRECEDENTS
Drafting notes
These model execution provisions are intended for a limited partnership entering into a simple contract, rather than a deed. Two alternative forms are provided for a contract executed:
by an individual general partner, and
on behalf of a corporate general partner
Limited partnership
The Limited Partnership Act 1907 (Ireland) (LPA 1907 (IRL)) creates a partnership structure in which certain partners have limited liability for the firm’s debts, restricted to the amount of their contribution. The General Scheme of the Registration of Limited Partnerships and Business Names Bill 2024 (Limited Partnerships Bill 2024), issued by the Department of Enterprise, Trade and Employment in 2024, would, if enacted, repeal and replace the LPA 1907 (IRL). Limited partnerships registered under the LPA 1907 (IRL) will be obliged to satisfy the new registration requirements within twelve months of receiving notice from the Registrar, to be given within
Ireland - Commercial