Conflict of Interest Policy and Release of General Partners

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					This Conflict of Interest Policy and Release is used by a partnership when any of the
General Partners have an interest in another company or venture that might conflict with
the partnership. This document establishes that the partnership accepts these conflicts
of interest and makes no requirements of the General Partners to remove themselves
from these situations. This document should be used by the partners in a partnership
that have potential conflicts of interest and wish to obtain a release from the partnership.
                     Conflict of Interest Policy & Release of General Partners

Conflict of Interest Policy: This Conflict of Interest Policy applies to the following persons
("COVERED PERSONS"):

Limited Partners _______________________________ [set forth names of all Limited
Partners]
General Partners _______________________________ [set forth name of all General
Partners]

All Covered Persons agree to the following:

All Covered Persons shall conduct themselves in an ethical manner at all times. As such, no
Covered Person may derive any personal gain or profit, as a result of such person’s
relationship with the partnership, and no Covered Person may engage in self-dealing that has
not been fully disclosed. Further, no Covered Person may use his or her position in such a
manner that a conflict between the interests of the partnership and his or her personal
interests arises.

Covered Persons shall submit any future conflicts that may arise and shall make disclosures
to all other Covered Persons, if not previously disclosed.

Release: Despite the foregoing, it is acceptable for the General Partners of the partnership to
have the following conflicts of interest with the partnership:
_________________________________________________________________
_________________________________________________________________

The Limited Partners acknowledge and accept these conflicts of interest and make no
requirement of the General Partners to remove themselves from these situations.

In Witness Whereof, the parties have executed this General Partners’ Conflict of Interest &
Release.

Dated: __________________________


General Partners:

____________________                   ____________________________________________
General Partner Signature              Printed Name and Address

____________________                   ____________________________________________
General Partner Signature              Printed Name and Address

____________________                   ____________________________________________
General Partner Signature              Printed Name and Address

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Limited Partners:

____________________                   ____________________________________________
Limited Partner Signature              Printed Name and Address

____________________                   ____________________________________________
Limited Partner Signature              Printed Name and Address

____________________                   ____________________________________________
Limited Partner Signature              Printed Name and Address

[Include as many signature lines as there are General and Limited Partners]




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Description: This Conflict of Interest Policy and Release is used by a partnership when any of the General Partners have an interest in another company or venture that might conflict with the partnership. This document establishes that the partnership accepts these conflicts of interest and makes no requirements of the General Partners to remove themselves from these situations. This document should be used by the partners in a partnership that have potential conflicts of interest and wish to obtain a release from the partnership.