Alberta Admission Agreement to Land Development Partnership

Bring on a new partner to an Alberta land development partnership with this Admission Agreement.

  • This Admission Agreement would be used to admit a new partner into a partnership which was formed for the purpose of constructing and developing a commercial office and retail project on land owned by one of the partners.
  • Provisions of the Admission Agreement include:
    • capital contribution to be made by the new partner;
    • covenants, representations and warranties of each of the parties;
    • cash distributions and repayments to be made to original partners at the time of the new partner's buy-in;
    • amendments to be made to the original Partnership Agreement, including allocation of partnership profit or loss;
    • a management committee appointed by the partners will be responsible for managing and operating the partnership affairs.
  • This template is in MS Word format and is fully editable to fit your circumstances.
  • Intended to be used in the Province of Alberta, Canada.
Document Type: Microsoft Word
Last Updated: 29-September-2022
SKU: 3944
$46.99