This is a clause found in a joint real estate venture agreement wherein both parties agree to share the ownership share in their venture at a specified point in the future. The purpose of partnership crystallization is to allow the GP to earn its promote by reevaluating its ownership share percentages.
Crystallization
This is a clause found in a joint real estate venture agreement wherein both parties agree to share the ownership share in their venture at a specified point in the future. The purpose of partnership crystallization is to allow the GP to earn its promote by reevaluating its ownership share percentages.
