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Temporary Partnership Agreement
"Need a Temporary Partnership Agreement for a 6-month construction project starting March 2025, between my construction company and two specialist contractors, with equal profit sharing and joint management responsibilities."
1. Parties: Details of all partners entering the temporary partnership
2. Background: Context and purpose of the temporary partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Term: Duration of the temporary partnership and conditions for extension
5. Capital Contributions: Initial and ongoing capital requirements from partners
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management Rights: Decision-making processes and partner authorities
8. Dissolution: Terms for partnership termination and wind-up
1. Intellectual Property Rights: Section covering IP ownership and licensing terms - include when IP is relevant to partnership activities
2. Non-Competition: Section covering restrictions on competing activities - include when partners need to be restricted from competing
3. Insurance: Section covering required insurance coverage - include when specific insurance requirements exist
4. International Operations: Section covering cross-border activities provisions - include when partnership operates internationally
1. Schedule 1: Capital Contributions: Detailed breakdown of partner contributions
2. Schedule 2: Business Plan: Partnership objectives and operational strategy
3. Schedule 3: Asset Register: List of partnership assets and their ownership
4. Appendix A: Partner Contact Details: Contact information for all partners
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