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Vermont Partnership Agreement

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Vermont Partnership Agreement
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Updated March 19, 2024

A Vermont partnership agreement is a legally binding contract that outlines a management partnership’s structure. It commonly decides duration, dispute resolution, dissolution, ownership interests, and liabilities. The content should be specific for the sake of lessening future disagreements.

Partnership Types

  • General Partnerships (GP)[1]
  • Limited Partnership (LP)[2]
  • Limited Liability Partnership (LLP)[1]
  • Limited Liability Limited Partnership (LLLP)[1]
  • Limited Liability Companies (LLC)[3]

Sources

  1. § 4141
  2. Title 11, Chapter 23 (§§ 3401-3503)
  3. Title 11, Chapter 25 (§§ 4001-4176)