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Construction Business Partnership Agreement
1. Parties: Identification and details of all partners entering the construction business partnership
2. Background: Context of the partnership formation and partners' general intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Structure: Legal form of partnership and ownership structure
5. Business Purpose: Specific scope and objectives of the construction partnership
6. Capital Contributions: Initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Distribution of profits and allocation of losses among partners
8. Management and Control: Partnership management structure and decision-making processes
9. Construction Operations: Core construction business activities and operational procedures
10. Partner Responsibilities: Specific duties and responsibilities of each partner
11. Financial Management: Banking, accounting, and financial reporting requirements
12. Insurance and Liability: Required insurance coverage and liability allocation
13. Term and Termination: Duration of partnership and termination provisions
14. Dispute Resolution: Procedures for resolving disputes between partners
15. Governing Law: Confirmation of Danish law application and jurisdiction
1. Intellectual Property Rights: Provisions for IP ownership and usage when partnership involves design or innovative construction methods
2. Non-Compete Provisions: Restrictions on partners' involvement in competing businesses, if agreed
3. Environmental Compliance: Specific environmental obligations beyond standard requirements
4. International Operations: Additional provisions for partnerships operating outside Denmark
5. Succession Planning: Procedures for ownership transfer and continuation of business
6. Employee Management: Specific provisions for shared employees if the partnership directly employs staff
7. Equipment Sharing: Rules for shared ownership and usage of construction equipment
8. Project Bidding Procedures: Specific processes for bid submissions and project acceptance
1. Schedule A - Partner Details: Detailed information about each partner including qualifications and certifications
2. Schedule B - Capital Contributions: Detailed breakdown of initial and committed capital contributions
3. Schedule C - Asset Register: List of partnership assets including construction equipment and facilities
4. Schedule D - Insurance Requirements: Specific insurance policies and coverage levels required
5. Schedule E - Operating Procedures: Detailed construction operations and safety procedures
6. Schedule F - Financial Procedures: Detailed accounting and financial management procedures
7. Appendix 1 - Partner Certificates: Copies of relevant construction and business certificates
8. Appendix 2 - Company Policies: Key policies including safety, quality, and environmental management
9. Appendix 3 - Forms and Templates: Standard forms for partnership operations and reporting
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