Assignment of Partnership Interest Style 57

An LLC is a flexible business entity that has almost unlimited ability to organize its ownership under an operating agreement. Owners of an LLC are known as members. JavaScript seems to be disabled in your browser. You must have JavaScript enabled in your browser to utilize the functionality of this website. A patent is a collection of exclusive rights over inventions awarded to inventors as appreciation of their hard work. Patent assignment is possible for the complete set of rights or only a part interest. A limited liability company interest is considered private property. It can be completely or partially assigned to another in accordance with the LLC agreement. Exhibit 2.3 ================================================================================ PARTNERSHIP INTEREST PURCHASE AND SALE AGREEMENT BY AND BETWEEN NORTHERN BORDER INTERMEDIATE LIMITED PARTNERSHIP, a Delaware limited partnership AND TC PIPELINES INTERMEDIATE LIMITED PARTNERSHIP, a Delaware limited partnership DATED AS OF DECEMBER 31, 2005 ================================================================================ TABLE OF CONTENTS PAGE-- Article I Definitions and Interpretation................................. 6 Article II Transfer of Assigned Interest................................. Assignee hereby agrees to be bound, as a Limited Partner thereunder, by the Amended and Restated Agreement of Limited Partnership of Beaulieu River 2005, LP dated as of January 3, 2007 as it may be amended from time to time, a copy of which is attached hereto as Exhibit A (the “Partnership Agreement”).

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Assignment of Partnership Interest Style 57

The choice must be made with the partner's tax return for the year of the distribution if the distribution includes any property subject to depreciation, depletion, or amortization. If the choice doesn't have to be made for the distribution year, it must be made with the return for the first year in which the basis of the distributed property is pertinent in determining the partner's income tax. Courts will not enforce a contract to assign an expectancy unless there is a valuable consideration. For example, under a settlement of property the respondent "the son" would have been entitled to an equal portion of properties along with his other siblings which was gained in a settlement by his mother. This portion was only his when allocated to him at his mothers discretion. Prior to this allocation being made, the respondent allotted his benefit to trustees for a voluntary settlement. Courts will not enforce a contract to assign an expectancy unless there is a valuable consideration. For example, under a settlement of property the respondent "the son" would have been entitled to an equal portion of properties along with his other siblings which was gained in a settlement by his mother.

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Business Formation
Business Management
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Construction
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Financial Management
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IT Project Management
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