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General Partnership Agreement of a Business
Owned by Individuals
ARTICLES OF PARTNERSHIP OF ^ABCD ASSOCIATES
ARTICLES OF PARTNERSHIP of ^, ^, ^, and ^, dated ^, 19^.
RECITAL
The parties hereto wish:
(a)
to enter together into the business of purchasing, acquiring, operating, leasing,
owning and selling real property, including but not limited to that certain parcel of land
described on Exhibit A hereto and all improvements constructed thereon and
(b)
in order to provide for and carry out the foregoing, to form and do business as a
general partnership under and pursuant to Illinois law.
NOW THEREFORE, in consideration of the premises and the mutual covenants and
agreements set forth herein, the parties agree as follows:
Definitions
As used in this Agreement the terms listed below will have the meanings stated below,
and other terms defined elsewhere will have the meanings there ascribed to them:
"Agreement" or "this Agreement": these Articles of Partnership.
"Bankruptcy": with respect t