The Club Partnership Agreement is essential when two or more parties wish to establish and operate a club as a partnership in England and Wales. This comprehensive document addresses crucial aspects such as ownership structure, capital investments, profit distribution, management responsibilities, and operational procedures. It provides legal protection for all partners while ensuring compliance with UK partnership law. The agreement is particularly valuable for new club ventures or when restructuring existing club operations, offering a clear framework for partnership governance and risk management.
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1. Parties: Identification and details of all partners involved
2. Background: Context and purpose of the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal form and nature of the partnership
5. Capital Contributions: Details of initial and ongoing capital requirements
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management and Decision Making: Governance structure and voting rights
8. Term and Termination: Duration and conditions for ending the partnership
1. Intellectual Property Rights: Provisions for ownership and use of IP when the club owns or uses significant brands, logos, or other intellectual property
2. Insurance Requirements: Specific insurance obligations for high-risk activities or valuable assets
3. Competition Restrictions: Non-compete and confidentiality provisions when protecting business interests is crucial
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial contribution
2. Schedule 2: Business Plan: Initial business plan and financial projections
3. Schedule 3: Club Rules: Operational rules and procedures
4. Schedule 4: Asset Register: List of partnership assets and their values
5. Schedule 5: Management Structure: Detailed governance and reporting structure
Relevant legal definitions
Clauses
Relevant Industries
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