General Cap Amount

Common Paper Partnership Agreement term: General Cap Amount

Lauren Hallden avatar
Written by Lauren Hallden
Updated over a week ago

General Cap Amount is a variable that appears in the Partnership Agreement Cover Page, in the Key Terms section. This section is for your agreements' key legal terms.

How to fill this out

If you or your partner doesn’t follow the terms of this agreement, what should the maximum amount of damages, or amount you or they can be sued for, be?

Default: 1 times the fees paid or payable under the Agreement in the 12 month period immediately before the claim.

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