You can always set a limitation with your business partners, employees, as well as a particular service. All you have to do is to negotiate with your clients, employees, etc. And to seal the deal, let them sign a written agreement about your proposal. More specifically, if you want to be in control of some or most variables in this agreement, your best option is to create a limited agreement.
Sample Limited Agreement
Limited agreements best works when you want to limit the specific amount of service, liability, or usage rights of a particular product.
1. Sample Limited Partnership Agreement
There are two types of partnerships: the general partnership and the limited partnership. If you plan to attract more investors to your business, then you can offer them a limited partnership agreement and make sure that you define your business term as clearly as possible. This Sample Limited Partnership Agreement shows a full understanding of the terms and conditions between a general partner and its limited partners. This includes the purpose of the agreement, the rights, duties, and restrictions during their partnership.
2. Sample Limited Service Agreement
You might be wondering: “Why do I need to hire an insurance agent in my company?” The answer is simple. Acquiring insurance is not as easy as buying bread. You need to think about the right insurance plan to purchase, and making the right choices can be difficult. So, this is where the insurance agent steps in. This Sample Limited Service Agreement provides a clear list of the agreed limited duties and responsibilities between an insurance agent and a company during the agent’s employment period.
3. Sample Limited Scope Representation Agreement
Facing a case can be costly, and if you can’t afford to pay your lawyer to handle your entire case, then a limited scope representation is the perfect way to get legal assistance. By splitting the workload of your lawyer with yourself, you can save yourself a few more cash. This Sample Limited Scope Representation Agreement gives detailed information on the specific areas a lawyer can assist and represent a defendant on specific issues, while the defendant handles the rest of the case.
4. Sample Limited Liability Company Agreement
The idea of having a limited liability company (LLC) agreement is to protect yourself from any personal liabilities in case your company is in great debt or has to settle lawsuits. In short, you do not have to use your personal assets to resolve an issue that involves your company. This Sample Limited Liability Company Agreement establishes the terms and conditions, duties and responsibilities, as well as the scope and limitations on the personal liabilities of each member of the company in case something happens to the company, assuring the security of each members’ assets.
5. Sample Limited Warranty Agreement
Warranty statements are essential in covering up damages and replacements when something breaks or worn out. In buying a house or a property, it is best if you protect yourself with a warranty agreement. This Sample Limited Warranty Agreement gives a comprehensive content of the scope and limitation of the warranty of a property, noting that this includes a procedure for informal settlement of disputes to protect the homeowner.
6. Sample Limited License Agreement
“Experience is the best teacher” and sharing it with others through seminars and lectures has a great impact on learners. If you plan to invite some guest speakers to your institution, make sure that you explain your terms and conditions thoroughly with them. This Sample Limited License Agreement states the acknowledgment of a guest to provide a lecture to a college institution, wherein the institution has limited license to videotape and rebroadcast the lecture for educational purposes only.
7. Sample Limited Release Agreement for Photographs and Other Images
Photographs and other images are considered the intellectual properties of the photographer or the creator. Still, with proper negotiation, people can use your images, given that they asked for your consent beforehand. This Sample Limited Release Agreement for Photographs and Other Images shows an informative content of a grantor granting a grantee nonexclusive rights to use and make modifications to its photographs and other images in any form of media. In which the grantor releases the grantee from any claims of defamation, infringement of rights, and invasion of privacy.
8. Sample Limited Pressing Agreement (Non-Symphonic)
Music gives rhythm to your life. Whatever genre you’re into, you take pleasure in either listening to it or creating it. This Sample Limited Pressing Agreement (Non-Symphonic) indicates its purpose of establishing the rates and conditions of the musicians in the production of recordings of performances captured live or in the studio. Permitting the continuance of the employment of all musicians as long as they maintain good standing as members of the organization.
9. Sample Limited Energy Agreement
Electricity is a necessity in life. As the world adapted to it, people have grown dependent on electricity. With the constant development of technology, the more you need electricity. And who do you think maintains and runs the electricity you use? Electricians. They are the ones maintaining the electricity you use every day, and they deserve to have the right compensation plan for their handwork. This Sample Limited Energy Agreement gives a clear statement of the electrical contractors’ scope of work during their employment. Under it includes the terms and conditions of their shifts, wages, as well as their health insurance.
10. Sample Limited Service Open Listing Agreement
Real estate brokers are the ones who usually negotiate and arrange real estate transactions with your clients on your behalf. They check and oversee activities on sales and purchase, and they make sure that your property for sale goes to the perfect buyer. This Sample Limited Service Open Listing Agreement provides a clear limitation and understanding of the broker’s service during their employment. Whereas the broker will only list properties for purchase and will only direct inquiries about the property to the client selling it.
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