Which general partner shall determine in its sole discretion

Reference no: EM133696955

Assignment:

A limited partnership agreement provides that a general partner may: "acquire, hold and dispose of less than substantially all of the real property, interest therein, or appurtenance thereto, as well as personal or mixed property connected therewith, including the purchase, lease, development, improvement, maintenance, exchange, trade or sale of such properties at such price, rental or amount, for cash, securities or other property, and upon terms which the General Partner shall determine in its sole discretion". Redraft this provision to reflect the fiduciary duties and/or obligation of good faith that would limit the discretion of the general partner.

Reference no: EM133696955

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