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The 50-50 Partnership Agreement is a crucial legal document used when two parties wish to establish a business partnership with equal ownership and control under German law. This agreement is particularly relevant when partners want to ensure absolute parity in their business relationship, covering aspects such as equal capital contributions, shared decision-making authority, and balanced profit distribution. The document must comply with German legal requirements, including provisions from the German Civil Code (BGB) and Commercial Code (HGB), while addressing practical aspects of partnership operations. It's commonly used for new business ventures, professional practices, or when restructuring existing businesses into equal partnerships. The agreement includes comprehensive sections on management rights, financial obligations, dispute resolution, and exit strategies, all structured to maintain the 50-50 partnership principle throughout the business relationship.

1. Parties: Identification and details of both partners entering into the 50-50 partnership

2. Background: Context of the partnership formation and partners' intention to establish a 50-50 partnership

3. Definitions: Key terms used throughout the agreement

4. Partnership Formation: Establishment of the partnership, its name, registration details, and commencement date

5. Purpose and Business Scope: Detailed description of the partnership's business activities and objectives

6. Capital Contributions: Initial and ongoing capital contributions from each partner, maintaining the 50-50 ratio

7. Partnership Interest: Confirmation of equal 50-50 ownership structure and related rights

8. Management and Control: Decision-making processes, voting rights, and day-to-day management responsibilities

9. Profit and Loss Sharing: Equal distribution of profits and losses, including distribution policy

10. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial management

11. Partner Duties and Obligations: Rights, responsibilities, and obligations of each partner

12. Non-Competition and Confidentiality: Restrictions on competing activities and handling of confidential information

13. Transfer of Partnership Interest: Procedures and restrictions for transferring partnership interests

14. Term and Termination: Duration of partnership and circumstances for termination

15. Dispute Resolution: Procedures for resolving disagreements between partners

16. Governing Law: Confirmation of German law application and jurisdiction