Canada Limited Partnership Agreement

Set up a Canadian limited partnership with this Limited Partnership Agreement template for Canada.

• The general partner will have unlimited liability for the debts and liabilities of the partnership.
• The liability of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
• The general partner is responsible for managing the business of the partnership.
• The general partner will hold title to all assets and equipment acquired on behalf of the partnership.
• The partners will be entitled to share in the profits of the business.
• The remaining partners have a right of first refusal to purchase the interest of a withdrawing partner.

This Canada Limited Partnership Agreement template is available in MS Word format, and is fully editable to meet your needs.