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Management Partnership Agreement Template for Germany

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Key Requirements PROMPT example:

Management Partnership Agreement

"I need a Management Partnership Agreement for a technology consulting firm based in Berlin, with four senior partners taking active management roles and profit sharing based on both capital contribution and performance metrics, to be effective from March 1, 2025."

Document background
The Management Partnership Agreement is a crucial document used when establishing or restructuring a partnership where specific partners take on management responsibilities within the organization. This agreement, governed by German law, is particularly important for professional services firms, consulting practices, and businesses seeking to create a structured management hierarchy within a partnership model. The document addresses key aspects required under German partnership law, including capital contributions, profit sharing, management rights, decision-making processes, and partner obligations. It is designed to comply with the German Civil Code (BGB) and Commercial Code (HGB) while providing a practical framework for partnership operations. The agreement is especially relevant when partners have different levels of management responsibility or when establishing a tiered partnership structure with both managing and non-managing partners.
Suggested Sections

1. Parties: Identification of all parties entering into the agreement, including full legal names and addresses

2. Background: Context of the agreement, including the purpose of the partnership and any relevant history

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Structure: Legal form of the partnership, its name, registered office, and purpose

5. Management Rights and Responsibilities: Detailed description of management roles, decision-making authority, and responsibilities of managing partners

6. Capital Contributions: Details of initial and ongoing capital contributions by partners

7. Profit and Loss Sharing: Framework for distribution of profits and allocation of losses

8. Decision Making Process: Procedures for partnership decisions, voting rights, and management meetings

9. Financial Management: Financial reporting, accounting principles, and fiscal year definitions

10. Partner Obligations: General obligations and duties of partners, including loyalty and confidentiality

11. Term and Termination: Duration of the partnership and conditions for termination

12. Exit Provisions: Procedures for partner withdrawal, retirement, or death

13. Dispute Resolution: Methods for resolving disputes between partners

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

15. Miscellaneous: Standard legal provisions including severability, entire agreement, and amendments

Optional Sections

1. Intellectual Property Rights: Required when the partnership involves creation or use of intellectual property

2. Non-Competition: Include when partners need to be restricted from competing activities

3. Insurance Requirements: Include when specific insurance coverage is required for the partnership

4. International Operations: Required when the partnership operates across multiple jurisdictions

5. Employee Management: Include when the partnership will have employees

6. Succession Planning: Include when long-term continuation of the partnership is planned

7. Digital Assets and IT: Required when the partnership involves significant digital operations

8. Environmental Compliance: Include for partnerships with environmental impact considerations

Suggested Schedules

1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions

2. Schedule 2 - Profit Sharing Formula: Detailed calculations and scenarios for profit distribution

3. Schedule 3 - Management Structure Chart: Organizational chart showing management hierarchy and reporting lines

4. Schedule 4 - Partner Contact Details: Complete contact information for all partners

5. Schedule 5 - Business Plan: Initial business plan and strategic objectives

6. Schedule 6 - Partnership Assets: List of partnership assets and their allocation

7. Appendix A - Key Performance Indicators: Metrics for evaluating partnership and management performance

8. Appendix B - Required Insurances: Details of mandatory insurance coverage

9. Appendix C - Compliance Procedures: Standard operating procedures for regulatory compliance

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






































Clauses









































Relevant Industries

Professional Services

Management Consulting

Financial Services

Legal Services

Healthcare

Technology

Real Estate

Manufacturing

Engineering

Architecture

Business Services

Education and Training

Relevant Teams

Legal

Corporate Governance

Executive Leadership

Finance

Operations

Business Development

Risk Management

Compliance

Human Resources

Strategy

Relevant Roles

Managing Partner

Senior Partner

Executive Director

Chief Executive Officer

Chief Operating Officer

Managing Director

Partnership Manager

Legal Counsel

Corporate Lawyer

Business Development Director

Finance Director

Operations Manager

Professional Partner

Department Head

Practice Leader

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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