Sample of Articles of Ltd Partnership

804 Words Dec 15th, 2012 4 Pages
ARTICLES OF PARTNERSHIP
Of
IJ IMAGINATIVE IDEAS (I3) LTD.

KNOW ALL MEN BY THESE PRESENTS:
This limited partnership agreement is made on November 05, 2012 in Manila by and between Irenes Jimenez as general partner and Andy Garcia as limited partner. That we, all of legal age and residents of the Republic of the Philippines have agreed to amend a limited partnership under the terms and conditions herein set forth and subject to the provisions of existing laws of the Republic of the Philippines.
AND WE HEREBY CERTIFY:

ARTICLE I. That the name of the partnership shall be: IJ IMAGINATIVE IDEAS (I3), LTD.
ARTICLE II. That the principal office of the Partnership shall be located at # 1866 Int. 2A Augosto Francisco St. Sta. Ana
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ARTICLE VIII. That should there be any additional contribution made by a limited partner, such must be agreed upon by all the partners in writing and duly recorded at least two (2) days after signing of same agreement. Such contribution shall amend Article VI of the Articles of Partnership and in no case shall such amendment be done less than one (1) year after the original recording of said partnership by the Securities and Exchange Commission.
ARTICLE IX. That the contribution of each limited partner may be returned to him/her three (3) years after the original recording of said partnership by the Securities and Exchange Commission.
ARTICLE X. That the limited partner may be given the right to substitute an assignee as contributor in his place, provided that he has duly notified his partners in writing, stating the reasons therefore, five (5) days before effectivity of said substitution provided further that such limited partner has already settled his obligations to the partnership prior to the notification of substitution.
ARTICLE XI. That a partner may admit an additional limited partner, provided that the other partners have been duly notified in writing five (5) days before effectivity of admission and duly concurred by all the partners in writing.
ARTICLE XII. That the remaining general partner or partners shall have the right to continue the business in cases of death, retirement, civil interdiction, insanity or
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