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Retirement, resignation or removal of a general partner in a limited partnership: practitioner checklist

Checklists
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Identity of retiring general partner

  • Please confirm the retiring general partner’s name and address.

Limited partnership agreement and other documentation

  • In what manner does the limited partnership agreement set out the process for a general partner’s retirement, resignation and/or removal?
  • Does the partnership terminate upon a general partner’s resignation or removal?
  • If it continues, what proportion of limited partners must approve the appointment of a replacement or new general partner?
  • Do the defined terms in the partnership agreement align with those used in the proposed retirement deed?
  • Which post-retirement restrictions are currently in place and apply to the departing general partner?
  • Are those restrictions reasonable in scope, duration and effect?
  • Should any additional restrictions now be included?
  • Will the retiring general partner be obliged to provide assistance to the new general partner (if any) post-retirement?
  • Are existing confidentiality obligations on the retiring general partner sufficient?
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Web page updated on 20/05/2026

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