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Should I include a Key Man Provision in my LPA?

Should I include a Key Man Provision in my LPA?
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Answered by

Hans Kim

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Key man provisions are typical for fund that rely on the skill and expertise of particular key individuals.  The Cornerstone provides certain protections for investors relating to the key individuals.   For example, if all Key Individuals are Incapacitated, the Fund automatically enters Limited Operations Mode.

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