subscription agreement

Definition

An application submitted by an investor wishing to join a limited partnership. The application is reviewed by the partnership's members before being approved to ensure that the investor has proper funding and meets specific requirements. The agreement sets forth the terms under which the investor will be bound if accepted.

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The cable company sells their product through subscription agreements. Usually the agreements have an initial term followed by auto renewals.

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The two companies chose to enter into a subscription agreement when they realized a limited partnership could be mutually beneficial to each company.

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I define Subscription Agreement as a document that is signed by 2 separate parties that agrees under certain criteria to be bound to the details of the agreement for a limited time partnering deal.The law firm I work at would have one of these in place when looking at investors on the outside of the practice.

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subscription subscription period