Partnership Amendment Kits

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Useful forms and guidelines to assist you in amending a partnership agreement.

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There are many occasions when in the course of a partnership it becomes necessary to change or amend certain portions of the original Partnership Agreement. This Amendment to Partnership Agreement will effectively amend an existing Partnership Agreement. Most Partnership Agreements contain provisions regarding amendment and it is important to follow these guidelines in order to validly amend the original agreement. Having a written Amendment to Partnership Agreement will prove valuable in the event of disagreements or misunderstandings.

This Amendment to Partnership Agreement for your state includes the following provisions:
  • Parties: Identifies the names and addresses of the partners entering into the amendment and the signing date;
  • Date of Original Agreement: Sets out the date of the original Partnership Agreement;
  • Amendment Terms: Specifies the terms of the Partnership Agreement which are amended;

Protect yourself and your rights by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:
  1. Information
  2. Amendment to Partnership Agreement for use in your state
State Law Compliance: This form complies with the laws of your state
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.












Amendment to Partnership Agreement









This Packet Includes:
1. Information
2. Notes Regarding Amendment of a Partnership Agreement
3. Amendments to Partnership Agreement





Information
Amendments to Partnership Agreement - Kit

This kit includes a form and instructions to aid you in amending your Partnership Agreement.

At some time in the course of your partnership, changed conditions may require that you amend or change certain portions of your Partnership Agreement.  In the initial Partnership Agreement that you prepared, you should have included a clause that allows for the amendment of the agreement by either majority or unanimous vote.  

Note: Before amending your Partnership Agreement, you may wish to consult the laws in your state governing the operation of partnerships.  For a brief overview of these laws, please visit our State Law Digest.  For your convenience, links to the digest are provided in Appendix A.






DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice.  The use of these materials is not a substitute for legal advice. Only an attorney can provide legal advice.  An attorney should be consulted for all serious legal matters.  No Attorney-Client relationship is created by use of these materials.  

THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS.


 

Notes Regarding Amendment of Partnership Agreement

Most portions of the agreement may be changed by amendment.  However, state law in all states restricts the right to change certain general conditions and rules of partnership law and partners liability.  The things that you cannot alter by amending your Partnership Agreement, even if you and your partners are in unanimous agreement, are as follows:

   Vary the rights and duties relating to filing a registration statement in those states which require such statements (generally, states which have adopted the Revised Uniform Partnership Act; please see the State Law Digest for details)
   Unreasonably restrict the right of access to books and records, or eliminate the duty or loyalty
   Unreasonably reduce the duty of case
   Eliminate the obligation of good faith and fair dealing
   Vary to power to dissociate as a partner
   Vary the right of a court to expel a partner
   Vary the requirement to wind up partnership business
   Restrict rights of third parties who are not partners

Besides these general statutory restrictions, partners may agree to alter or amend their agreement in any manner, as changed conditions may dictate.  To make amendments to your original Partnership Agreement, use the following Amendment to Partnership Agreement form.
Amendment to Partnership Agreement

This Amendment to Partnership Agreement is made on ____________________, 20___, by and between _____________________, of _________________________, City of ______________, State of _____________, and ___________________, of _______________________, City of ____________________, State of _______________.  It is intended to permanently amend the Partnership Agreement between the above parties that is dated _____________, 20___.

The above noted Partnership Agreement is hereby amended to read as follows:










All other portions of the original Partnership Agreement dated ____________, 20___, not changed by this Amendment to Partnership Agreement remain in full force and effect and are ratified and confirmed.


   
Signature of Partner

   
Name of Partner


   
Signature of Partner

   
Name of Partner

APPENDIX A
FindLegalForms.com
State Law Digest for Partnerships
Provided under agreement with copyright holder,
© Nova Publishing Company 2004

(Click on the appropriate state link below to access the states partnership law summary)

ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING

Number of Pages5
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#27373
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.












Amendment to Partnership Agreement









This Packet Includes:
1. Information
2. Notes Regarding Amendment of a Partnership Agreement
3. Amendments to Partnership Agreement





Information
Amendments to Partnership Agreement - Kit

This kit includes a form and instructions to aid you in amending your Partnership Agreement.

At some time in the course of your partnership, changed conditions may require that you amend or change certain portions of your Partnership Agreement.  In the initial Partnership Agreement that you prepared, you should have included a clause that allows for the amendment of the agreement by either majority or unanimous vote.  

Note: Before amending your Partnership Agreement, you may wish to consult the laws in your state governing the operation of partnerships.  For a brief overview of these laws, please visit our State Law Digest.  For your convenience, links to the digest are provided in Appendix A.






DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice.  The use of these materials is not a substitute for legal advice. Only an attorney can provide legal advice.  An attorney should be consulted for all serious legal matters.  No Attorney-Client relationship is created by use of these materials.  

THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS.


 

Notes Regarding Amendment of Partnership Agreement

Most portions of the agreement may be changed by amendment.  However, state law in all states restricts the right to change certain general conditions and rules of partnership law and partners liability.  The things that you cannot alter by amending your Partnership Agreement, even if you and your partners are in unanimous agreement, are as follows:

   Vary the rights and duties relating to filing a registration statement in those states which require such statements (generally, states which have adopted the Revised Uniform Partnership Act; please see the State Law Digest for details)
   Unreasonably restrict the right of access to books and records, or eliminate the duty or loyalty
   Unreasonably reduce the duty of case
   Eliminate the obligation of good faith and fair dealing
   Vary to power to dissociate as a partner
   Vary the right of a court to expel a partner
   Vary the requirement to wind up partnership business
   Restrict rights of third parties who are not partners

Besides these general statutory restrictions, partners may agree to alter or amend their agreement in any manner, as changed conditions may dictate.  To make amendments to your original Partnership Agreement, use the following Amendment to Partnership Agreement form.
Amendment to Partnership Agreement

This Amendment to Partnership Agreement is made on ____________________, 20___, by and between _____________________, of _________________________, City of ______________, State of _____________, and ___________________, of _______________________, City of ____________________, State of _______________.  It is intended to permanently amend the Partnership Agreement between the above parties that is dated _____________, 20___.

The above noted Partnership Agreement is hereby amended to read as follows:










All other portions of the original Partnership Agreement dated ____________, 20___, not changed by this Amendment to Partnership Agreement remain in full force and effect and are ratified and confirmed.


   
Signature of Partner

   
Name of Partner


   
Signature of Partner

   
Name of Partner

APPENDIX A
FindLegalForms.com
State Law Digest for Partnerships
Provided under agreement with copyright holder,
© Nova Publishing Company 2004

(Click on the appropriate state link below to access the states partnership law summary)

ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING

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