Document background
The Master Partnership Agreement is the primary governing document for partnerships established under Hong Kong law, essential for businesses where two or more parties wish to join forces in a formal partnership structure. This document is crucial when establishing new partnerships or restructuring existing ones, providing comprehensive coverage of all aspects of the partnership relationship. It typically includes detailed provisions on capital contributions, profit sharing, management rights, partner obligations, and exit mechanisms. The agreement must comply with Hong Kong's Partnership Ordinance and related regulations, making it suitable for both general and professional partnerships. It's particularly important for businesses requiring clear governance structures and risk management frameworks, serving as the foundation for the partnership's entire lifecycle from formation to potential dissolution.
