DIY Legal Forms

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Additional Capital Contributions

If the partnership (Partnership) cannot meet its operating expenses, the Partners will make additional capital contributions to meet such expenses. Each Partner will contribute a share of such required expenses equal to the share of profits of Partnership to which the Partner is entitled under this Agreement.

If any Partner fails to make any additional capital contribution to Partnership as authorized by this Paragraph ........ on its due date, the other Partners may, on behalf of Partnership, send the Partner written notice of nonpayment.

The notice must state the unpaid amount and request that it be made not less than [number] days after the notice is sent. If the contribution remains unpaid as of the end of the additional period stated in such notice, then the other Partners have the option, but not the obligation, to advance the unpaid sum to Partnership for the benefit of their own capital accounts.