10Contents of partnership agreement

1. Without limiting what may be contained in a partnership agreement, a partnership agreement must provide for the following matters:

2. whether there is any restriction on the ability of a partner to assign or otherwise dispose of that person’s partnership interest, and the nature of that restriction:
3. whether there is any restriction on the business or other activities that the limited partnership may undertake, and the nature of that restriction:
4. the entitlement of partners to distributions:
5. whether a general partner may compete with the limited partnership and in what circumstances:
6. when a meeting of partners must be held, and the procedure for conducting a meeting of partners:
8. how a partner may leave the limited partnership, including whether a partner may be expelled from the limited partnership, and how a new partner may be admitted to the limited partnership:
9. when and how the limited partnership terminates:
10. whether the limited partnership has a conflict of interest policy, and the nature of that policy.