Business Development Partnership Agreement

Business Development Partnership Agreement Template for England and Wales

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Key Requirements PROMPT example:

"I need a Business Development Partnership Agreement for a software company partnering with a marketing agency to expand into the European market, with a 60-40 revenue split and initial term of 24 months starting January 2025."

Document background

The Business Development Partnership Agreement is essential for organizations seeking to formalize collaborative business development relationships under English and Welsh law. This document is particularly relevant when companies wish to leverage each other's strengths, networks, and resources for mutual growth. It covers crucial aspects such as revenue sharing, territorial rights, performance metrics, and protection of intellectual property. The agreement ensures compliance with UK partnership laws while providing flexibility for various business models and sectors. It's commonly used for market expansion, product development, and service delivery partnerships.

Suggested Sections

1. Parties: Details of the partnering entities including registered addresses and company numbers

2. Background: Context and purpose of the partnership, including business objectives and rationale

3. Definitions: Key terms used throughout the agreement with their specific meanings

4. Partnership Scope: Detailed description of partnership activities, objectives, and limitations

5. Roles and Responsibilities: Specific duties and obligations of each partner in the business development relationship

6. Financial Terms: Revenue sharing arrangements, costs allocation, and financial obligations between partners

7. Term and Termination: Duration of the partnership and conditions for termination or renewal

8. Confidentiality: Protection and handling of confidential information shared between partners

Optional Sections

1. Intellectual Property Rights: Terms governing ownership, use, and licensing of intellectual property created or shared during the partnership

2. Territory Restrictions: Geographical limitations and territorial exclusivity terms for the partnership

3. Non-Compete: Restrictions on competitive activities during and after the partnership

4. Data Protection: GDPR compliance measures and data handling procedures between partners

5. Force Majeure: Provisions for handling events beyond reasonable control of the parties

Suggested Schedules

1. Schedule 1 - Business Plan: Detailed operational and strategic plans for the partnership

2. Schedule 2 - Revenue Models: Financial projections and detailed revenue sharing calculations

3. Schedule 3 - Service Level Agreements: Performance metrics, standards, and service delivery requirements

4. Schedule 4 - Marketing Guidelines: Brand usage rules and marketing requirements for both parties

5. Schedule 5 - Technical Specifications: Technical requirements, integration details, and operational procedures

6. Schedule 6 - Key Personnel: List of key contacts and responsible individuals from each party

Authors

Alex Denne

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

alex.den.21@genieai.co

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Authors

Alex Denne

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