¶¶Òõ¶ÌÊÓƵ

Term Sheet For Partnership Agreement Generator for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Term Sheet For Partnership Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Term Sheet For Partnership Agreement

"I need a Term Sheet For Partnership Agreement for a new technology consulting firm with three founding partners, where we want to emphasize equal profit sharing and include specific provisions for intellectual property developed during the partnership."

Document background
A Term Sheet For Partnership Agreement is typically used when parties are in the initial stages of forming a partnership and need to document their principal commercial terms. It's particularly valuable in complex partnerships where detailed negotiation is required before finalizing the full agreement. The document typically includes provisions on capital contributions, profit sharing, management structure, and exit mechanisms. Under English and Welsh law, while most terms in the sheet are not legally binding, they create a moral commitment and framework for the final agreement. The term sheet helps avoid misunderstandings and provides clear direction for lawyers drafting the final partnership agreement.
Suggested Sections

1. Parties: Identification and details of all prospective partners

2. Background: Context and purpose of the partnership

3. Definitions: Key terms used throughout the term sheet

4. Business Purpose: Proposed activities and scope of the partnership

5. Capital Contributions: Initial and ongoing capital requirements

6. Profit Sharing: Proposed distribution of profits and losses

7. Management Structure: Decision-making processes and authority levels

8. Term and Termination: Duration and exit provisions

Optional Sections

1. Intellectual Property Rights: IP ownership and licensing arrangements - include when IP is crucial to the partnership

2. Non-Compete Provisions: Restrictions on competitive activities - include when partners may have competing interests

3. International Operations: Cross-border considerations - include for partnerships operating in multiple jurisdictions

4. Regulatory Compliance: Specific regulatory requirements - include for regulated industries

Suggested Schedules

1. Schedule 1: Initial Capital Contributions: Detailed breakdown of partners' initial investments

2. Schedule 2: Business Plan: Initial business strategy and projections

3. Schedule 3: Partner Details: Detailed information about each partner

4. Schedule 4: Key Performance Indicators: Metrics for measuring partnership success

Authors

Alex Denne

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

Relevant legal definitions
































Clauses






























Industries

Partnership Act 1890: The foundational law governing partnerships in England and Wales, defining partnerships and establishing basic rights and obligations of partners, including profit sharing, liability, and dissolution provisions

Limited Partnerships Act 1907: Legislation governing the formation and operation of limited partnerships, relevant if the partnership structure includes limited partners

Companies Act 2006: Key legislation applicable when the partnership involves corporate partners, including registration requirements

Limited Liability Partnerships Act 2000: Legislation governing LLPs, relevant if considering an LLP structure as an alternative to traditional partnership

Financial Services and Markets Act 2000: Regulatory framework applicable if the partnership will engage in regulated financial activities

Consumer Rights Act 2015: Legislation protecting consumer rights, relevant if the partnership will engage in business with consumers

Data Protection Act 2018 and UK GDPR: Laws governing data protection obligations and privacy requirements for the partnership

Equality Act 2010: Anti-discrimination legislation affecting partner selection and treatment within the partnership

Misrepresentation Act 1967: Law governing misrepresentation in contract formation, relevant for partnership agreements

Income Tax Act 2007: Tax legislation governing the treatment of partnership income and partner taxation

Corporation Tax Act 2010: Tax legislation relevant if corporate partners are involved or if the partnership has corporate tax obligations

Partnership (Taxation) Regulations: Specific tax regulations governing the taxation of partnerships and reporting requirements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Work For Hire Release

find out more

Work For Hire Agreement Music Producer

find out more

Work Experience Request Letter

find out more

Work Contracts For Independent Contractors

find out more

Work Authorisation Letter

find out more

Wholesale Contract

find out more

White Label Software Licence Agreement

find out more

White Label Software Agreement

find out more

Weekly Rental Agreement

find out more

Weekend Custody Agreement

find out more

Wedding Photography Non Disclosure Agreement

find out more

Web Developer Contract

find out more

Waxing Liability Waiver

find out more

Warning Letter For Disciplinary Action

find out more

Warning Letter Before Termination

find out more

Waiver Of Subrogation General Liability Form

find out more

Waiver Of Responsibility For Injury

find out more

Waiver Of Lien To Date Form

find out more

Waiver Of Lien To Date And Contractor's Affidavit

find out more

Waiver Of Lien To Date

find out more

Waiver Of Liability Statement

find out more

Waiver Of Liability Release Form

find out more

Waiver Of Liability For Sports Activity

find out more

Waiver For Outdoor Activities

find out more

Waiver For Dirt Bike Riding

find out more

Waiver And Hold Harmless Agreement

find out more

Vulnerability Assessment Policy

find out more

Volunteer Release And Waiver Of Liability Form

find out more

Volunteer Offer Letter

find out more

Volunteer Experience Letter

find out more

Volunteer Driver Waiver

find out more

Volunteer Application Letter

find out more

Voluntary Retirement Letter

find out more

Voluntary Redundancy Settlement Agreement

find out more

Voluntary Payment Agreement

find out more

Visa Consent Letter For Minors

find out more

Visa Consent Form

find out more

Virtual Power Purchase Agreement

find out more

Video Shoot Contract

find out more

Video Rights Agreement

find out more

Video Licensing Agreement

find out more

Video Consent And Release Form

find out more

Vessel Purchase And Sale Agreement

find out more

Vessel Management Agreement

find out more

Verification Of Work Experience Letter

find out more

Venue Licence Agreement

find out more

Venue Cancellation Letter

find out more

Venue Booking Contract

find out more

Venture Partner Agreement

find out more

Venture Capital Agreement

find out more

Vendor Termination Letter

find out more

Vendor Space Rental Agreement

find out more

Vendor Partner Agreement

find out more

Vendor Non Disclosure Agreement

find out more

Vendor Lien Waiver And Release

find out more

Vendor Lien Waiver

find out more

Vendor Lien Release Form

find out more

Vendor Hold Harmless Agreement

find out more

Vendor Direct Deposit Form

find out more

Vendor Contract Termination Letter

find out more

Vendor Confirmation Letter

find out more

Vendor Appraisal Form

find out more

Vehicle Transfer Of Ownership Agreement

find out more

Vehicle Service Contract Cancellation Letter

find out more

Youth Sports Liability Waiver

find out more

Youth Employment Certificate

find out more

Year End Appraisal

find out more

Written Warning Letter For Disrespectful Behavior

find out more

Written Notice To Vacate Apartment

find out more

Written Notice To Move Out

find out more

Written Notice Of Lease Termination

find out more

Written Agreement To Pay Back Money

find out more

Workplace Separation Certificate

find out more

Working Certificate

find out more

Worker Contract

find out more

Work Testimonial Letter

find out more

Work Settlement Agreement

find out more

Work Separation Certificate

find out more

Work Separation Agreement

find out more

Work Reference Letter For Masters

find out more

Work Letter From Employer

find out more

Work From Home Offer Letter

find out more

Work From Home Job Offer Letter

find out more

Work From Home Confirmation Letter

find out more

Work From Home Agreement

find out more

Vehicle Sale Deed Agreement

find out more

Vehicle Sale Agreement With Payments

find out more

Vehicle Release Form Towing

find out more

Vehicle Release Authorisation Form

find out more

Vehicle Property Release Form

find out more

Vehicle Permit Renewal Form

find out more

Vehicle Payment Plan Agreement

find out more

Vehicle Offer And Sale Agreement

find out more

Vehicle Lease Termination Agreement

find out more

Vehicle Finance Contract

find out more

Vehicle Damage Waiver Form

find out more

Vehicle Complaint Letter

find out more

Vehicle Authorisation Letter

find out more

Vacation Rental Contract

find out more

Vacation Home Partnership Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.