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Partnership Contract
1. Parties: Identification and details of all partners entering the partnership agreement
2. Background: Context of the partnership formation and general intent of the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation and Purpose: Legal establishment of the partnership and its business objectives
5. Capital Contributions: Details of initial and ongoing capital contributions from each partner
6. Profit and Loss Sharing: Framework for distribution of profits and allocation of losses
7. Management and Decision Making: Structure for partnership management and voting rights
8. Partners' Rights and Obligations: Detailed responsibilities and entitlements of each partner
9. Financial Management: Procedures for handling partnership finances, accounts, and banking
10. Duration and Term: Period of partnership and conditions for continuation
11. Withdrawal and Admission: Process for partner withdrawal and admission of new partners
12. Dissolution and Liquidation: Procedures for partnership dissolution and asset distribution
13. Dispute Resolution: Methods for resolving disputes between partners
14. Governing Law: Specification of Danish law as governing law and jurisdiction
15. General Provisions: Miscellaneous legal provisions including notices, amendments, and severability
1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners have other business interests
2. Intellectual Property Rights: Provisions regarding ownership and use of IP, necessary when the partnership involves creation or use of intellectual property
3. Employee Management: Framework for hiring and managing employees, included when the partnership will have employees
4. Insurance: Requirements for partnership insurance coverage, important for high-risk businesses
5. Environmental Compliance: Environmental obligations and commitments, necessary for partnerships in industries with environmental impact
6. International Operations: Provisions for international business activities, included when partnership operates across borders
7. Data Protection: GDPR compliance measures, required when processing personal data
8. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in high-risk or dependent business models
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule 2 - Profit Sharing Ratios: Specific percentages and formulas for profit and loss distribution
3. Schedule 3 - Partner Details: Complete information about each partner including contact details and representatives
4. Schedule 4 - Business Plan: Initial business plan and strategic objectives of the partnership
5. Schedule 5 - Management Procedures: Detailed procedures for management meetings and decision-making processes
6. Schedule 6 - Asset Register: List of partnership assets and their agreed values
7. Appendix A - Banking Arrangements: Details of partnership bank accounts and authorized signatories
8. Appendix B - Accounting Policies: Agreed accounting principles and procedures
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