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Secret Partner Agreement
"I need a Secret Partner Agreement for my real estate development venture where I will be investing £2M as a silent partner, with specific provisions for quarterly profit distributions and an exit option after March 2025."
1. Parties: Identification of all parties involved in the agreement
2. Background: Context and purpose of the secret partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Details of ownership, profit sharing, and management rights
5. Confidentiality: Terms governing the secrecy of the partnership
6. Financial Arrangements: Capital contributions, profit/loss sharing, drawings
7. Duration: Term of the partnership and renewal provisions
1. Non-Compete: Restrictions on competitive activities when partners have other business interests
2. Intellectual Property: IP ownership and usage rights when partnership involves creation or use of IP
3. Exit Mechanisms: Procedures for partner withdrawal or retirement, recommended for longer-term partnerships
1. Initial Capital Contributions: Detailed breakdown of each partner's initial investment
2. Profit Sharing Formula: Detailed calculations for profit distribution
3. Business Plan: Initial business strategy and objectives
4. Partner Responsibilities: Detailed breakdown of roles and duties
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