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Amendment To Limited Partnership Agreement Template for Singapore

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Key Requirements PROMPT example:

Amendment To Limited Partnership Agreement

"Need an Amendment To Limited Partnership Agreement to add two new limited partners and adjust profit-sharing ratios, with the changes to take effect from March 1, 2025, for our Singapore-based real estate investment partnership."

Document background
An Amendment To Limited Partnership Agreement is used when partners need to modify their existing partnership arrangement in Singapore. This document is essential when changes are required to partner compositions, capital contributions, profit-sharing ratios, or management structures. It must comply with Singapore's Limited Partnerships Act 2008 and be filed with ACRA where required. The amendment becomes an integral part of the original agreement and should be drafted to ensure continuity while clearly delineating the modified terms.
Suggested Sections

1. Parties: Identifies all current partners and their roles (general/limited)

2. Background: References original agreement and reason for amendment

3. Definitions: Key terms used in the amendment

4. Amendment Details: Specific changes being made to the original agreement

5. Effective Date: When the amendments take effect

6. Confirmation of Other Terms: Confirmation that all other terms remain unchanged

7. Execution: Signature blocks for all partners

Optional Sections

1. Capital Contribution Changes: Used when amendment involves changes to partner capital contributions or commitments

2. Profit/Loss Allocation Changes: Used when modifying profit sharing arrangements or distribution ratios

3. Management Rights: Used when modifying partner responsibilities or management structure

4. Transfer Provisions: Used when changing transfer restrictions or rules for transfer of partnership interests

Suggested Schedules

1. Updated Partner Information Schedule: Current list of all partners and their details

2. Amended Capital Accounts Schedule: Updated capital contribution schedule

3. Regulatory Approvals Schedule: Copies of any required regulatory consents

4. Partnership Interest Schedule: Updated ownership percentages of all partners

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses






























Industries

Limited Partnerships Act 2008: Primary legislation governing limited partnerships in Singapore, covering formation, registration, and regulation of limited partnerships, as well as defining rights and obligations of partners

Partnership Act 1890: Supplementary legislation that applies to limited partnerships where not inconsistent with the Limited Partnerships Act, providing general partnership principles

Business Names Registration Act 2014: Relevant legislation for any business name changes in the partnership structure

Companies Act 1967: Applicable legislation when corporate partners are involved in the limited partnership

Income Tax Act 1947: Legislation governing tax implications of partnership changes and ongoing tax obligations

ACRA Requirements: Regulatory requirements from the Accounting and Corporate Regulatory Authority regarding registration, filing, and compliance obligations

MAS Regulations: Monetary Authority of Singapore regulations applicable to partnerships involved in regulated financial activities

Original Partnership Agreement: Existing Limited Partnership Agreement terms that must be considered when drafting amendments

Industry-Specific Regulations: Any specific industry regulations applicable to the partnership's business operations

AML Requirements: Anti-money laundering requirements and compliance obligations if applicable to the partnership's activities

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