Ontario Partnership Agreement with Special Unit Issued for Vended In Assets

Prepare a Partnership Agreement for an Ontario partnership with this template, under which ordinary partnership units are issued to the partners in accordance with their financial contributions, and a special unit is issued to one partner which has vended in certain assets to be used by the business.

The holder of the special unit will be allocated profits (or losses) in addition to those allocated among the ordinary units.
Partnership units of a withdrawing partner will be distributed among the remaining partners pro rata their holdings, except for the special unit, which will be redeemed for a promissory note.

The Ontario Partnership Agreement with Special Unit Issued for Vended In Assets template is available as a fully editable and customizable MS Word document.