Ireland—Execution formalities—limited partnerships


Produced in partnership with Laurenz Boss BL of The Bar of Ireland
Practice notes

Ireland—Execution formalities—limited partnerships


Produced in partnership with Laurenz Boss BL of The Bar of Ireland

Practice notes
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This Practice Note provides practical guidance regarding the execution of simple contracts and deeds by limited partnerships formed under the Limited Partnerships Act 1907 (Ireland) (LPA 1907 (IRL)). It considers the requirements for contracting with a limited partnership. It also considers the authority of general partners to execute simple contracts and deeds as well as the formal requirements of execution of simple contacts and deeds by a limited partnership. It looks at when a document should be executed as a deed and other practical considerations for limited partnerships entering into contracts and deeds.

What is a limited partnership?

The LPA 1907 (IRL) provides for the creation of a partnership in which some partners have limited liability for the debts of the firm. Their liability is limited to the extent of their contribution.

LPA 1907 (IRL), s 4 provides that a limited partnership must consist of at least one general partner and one limited partner. The partnership should not generally consist of more than 20 persons or, if carrying on the business of banking, of

Laurenz Boss
Laurenz Boss, BL

Barrister, The Bar of Ireland

Laurenz is a barrister at the Bar of Ireland and member of the Law Library, practicing in civil law. Prior to qualifying, Laurenz worked in the Cartels Unit of the Competition and Consumer Protection Commission and was a Judicial Assistant to the Hon. Ms. Justice Mary Irvine.

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Jurisdiction(s):
Ireland
Related legal acts:

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