DIY Legal Forms

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Limitation On Speculation By Partner

No partner shall have the authority to engage in any speculation in the following areas: ___________ unless ___________ (name) first obtains the written consent of the remaining partners. Although, if a partner enters into any type of speculation falling outside the guidelines of the aforementioned categories that partner shall inherently accept all liability incurring from this speculation.



Signature and Title


Signature and Title


Signature and Title

*** If Required By State Law ***

This Section for Notary:


State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________

My commission expires: _____