The Family Partnership Agreement is a crucial legal document used when family members wish to formalize their business relationship under Irish law. It's particularly relevant when transitioning a family business from sole proprietorship to partnership, bringing next-generation family members into the business, or reorganizing existing family business structures. The agreement combines standard partnership provisions with specialized clauses addressing unique family business dynamics, including succession planning, family governance, and maintaining family harmony alongside business prosperity. It must comply with the Irish Partnership Act 1890 and related legislation while incorporating modern business practices and family business governance principles. This document typically includes detailed provisions for capital contributions, profit sharing, management rights, dispute resolution, and exit mechanisms, all tailored to the family context.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all family members entering into the partnership agreement
2. Background: Context of the family business and reasons for establishing the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Formation: Establishment of the partnership, its name, and commencement date
5. Business Purpose: Defined scope and objectives of the family partnership
6. Capital Contributions: Initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Distribution of profits and allocation of losses among partners
8. Management and Decision Making: Governance structure and decision-making processes
9. Partners' Duties and Obligations: Responsibilities and commitments of each partner
10. Meetings and Reporting: Requirements for partnership meetings and financial reporting
11. Transfer of Partnership Interests: Rules regarding transfer of partnership shares within and outside the family
12. Admission of New Partners: Process for admitting new family members or others to the partnership
13. Retirement and Exit: Procedures for partner retirement and exit mechanisms
14. Dispute Resolution: Process for resolving conflicts between family members
15. Dissolution: Circumstances and procedures for partnership dissolution
16. Governing Law: Specification of Irish law as governing law
1. Family Council: Structure and role of a family council for larger family partnerships
2. Next Generation Involvement: Specific provisions for involving younger family members
3. Family Employment Policy: Rules for employment of family members in the business
4. Intellectual Property Rights: Management of family business IP if relevant
5. Social Media and Communications: Guidelines for public communications about the family business
6. Environmental and Social Responsibility: Family business commitments to sustainability and community
7. Family Constitution Integration: Reference to family constitution if one exists
8. Cross-Border Activities: Provisions for international business activities if applicable
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule 2: Partnership Assets: List and valuation of all partnership assets at formation
3. Schedule 3: Profit Sharing Ratios: Detailed breakdown of profit and loss allocation formulas
4. Schedule 4: Management Structure: Detailed organizational chart and management responsibilities
5. Schedule 5: Family Member Roles: Current roles and responsibilities of involved family members
6. Appendix A: Business Plan: Initial business plan and strategic objectives
7. Appendix B: Valuation Methodology: Agreed methods for valuing partnership interests
8. Appendix C: Family Member Policies: Detailed policies regarding family member involvement
Relevant legal definitions
Clauses
Relevant Industries
Agriculture & Farming
Retail
Hospitality
Real Estate
Professional Services
Manufacturing
Construction
Food & Beverage
Healthcare Services
Automotive
Wholesale Distribution
Property Management
Craft & Artisanal Business
Tourism & Leisure
Relevant Teams
Legal
Corporate Governance
Family Office
Business Development
Operations
Finance
Compliance
Administration
Strategic Planning
Risk Management
Relevant Roles
Family Business Owner
Managing Partner
Family Office Manager
Business Development Director
Operations Manager
Financial Controller
Partnership Secretary
Compliance Officer
Succession Planning Manager
Family Business Advisor
General Counsel
Chief Executive Officer
Business Transfer Specialist
Family Business Consultant
Partnership Administrator
Find the exact document you need
Software Channel Partner Agreement
An Irish law-governed agreement establishing terms between a software provider and channel partner for software distribution and sales.
Download
Boat Partnership Contract
An Irish law-governed agreement establishing shared boat ownership terms, rights, and responsibilities between multiple parties.
Download
Technology Partner Agreement
An Irish law-governed agreement establishing terms and conditions for technology partnership arrangements, including service delivery, IP rights, and compliance requirements.
Download
Business Partnership Separation Agreement
An Irish law-governed agreement that formalizes the dissolution of a business partnership and establishes terms for partner separation, including asset division and liability allocation.
Download
Domestic Partner Agreement
An Irish law-governed agreement establishing rights and obligations between cohabiting partners, defining their property and financial arrangements.
Download
Venture Capital Partnership Agreement
An Irish law-governed agreement establishing a venture capital partnership, defining relationships between GPs and LPs, and setting operational parameters.
Download
Simple Collaboration Agreement
An Irish law-governed agreement establishing terms for parties to collaborate on specific projects, including key provisions for responsibilities, IP rights, and confidentiality.
Download
Non Binding Partnership Agreement
An Irish law governed framework document outlining intended partnership terms without creating legally binding obligations between parties.
Download
Mou Partnership Agreement
An Irish law-governed MOU that establishes a framework for partnership collaboration, outlining key terms while maintaining typical non-binding characteristics.
Download
Memorandum Of Agreement For Business Partnership
An Irish law-governed agreement that establishes and defines the terms of a business partnership, including rights, responsibilities, and operational framework.
Download
Accounting Firm Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions of an accounting firm partnership, including partner rights, obligations, and operational framework.
Download
Land Partnership Agreement
An Irish law agreement establishing a partnership for land ownership and management, defining rights, responsibilities, and profit-sharing arrangements between partners.
Download
Social Media Partnership Agreement
An Irish law-governed agreement establishing terms and conditions for social media marketing partnerships, ensuring compliance with local and EU regulations.
Download
Memorandum Of Understanding For Business Partnership
An Irish law-governed preliminary agreement outlining intended business partnership terms and framework for future formal collaboration.
Download
Legal Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions of a business partnership, including structure, operations, and partner obligations.
Download
Venture Partner Agreement
An Irish law-governed agreement establishing the terms of engagement and compensation for a Venture Partner in a VC/PE firm.
Download
Technical Partnership Agreement
An Irish law-governed agreement establishing terms and conditions for technical collaboration between partners, including IP rights, data protection, and operational procedures.
Download
Startup Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions of a startup partnership, defining rights, responsibilities, and relationships between partners.
Download
Software Partnership Agreement
An Irish law-governed agreement establishing terms for software development and distribution partnerships, ensuring compliance with local and EU regulations.
Download
Software Partner Agreement
Irish law-governed agreement establishing partnership terms between a software provider and business partner, covering licensing, commercial terms, and operational requirements.
Download
Shareholders Agreement Joint Venture
An Irish law-governed agreement establishing the framework for shareholder relationships and corporate governance in a joint venture company.
Download
Simple Partnership Dissolution Agreement
An Irish law agreement that formally dissolves a partnership and outlines the terms for winding up the business relationship between partners.
Download
Salaried Partner Agreement
An Irish law agreement establishing the terms and conditions for a salaried partner's appointment within a professional services firm.
Download
Real Estate Joint Venture Agreement
An Irish law-governed agreement establishing a joint venture between parties for real estate investment, development, or management purposes.
Download
Profit Sharing Agreement In Business Partnership
An Irish law-governed agreement establishing profit sharing arrangements between business partners, including calculation methods and distribution mechanisms.
Download
Preferred Partnership Agreement
An Irish law-governed agreement establishing a preferred partnership relationship between businesses, defining preferential terms and mutual obligations.
Download
Preferred Partner Agreement
An Irish law-governed agreement establishing a preferential business partnership between parties, defining commercial terms, obligations, and operational framework.
Download
Partnership Subscription Agreement
An Irish law-governed agreement facilitating the subscription of limited partners into an investment partnership, outlining investment terms and regulatory compliance requirements.
Download
Partnership Agreement Profit Sharing
An Irish law-governed Partnership Agreement that establishes partner relationships and profit-sharing arrangements, ensuring compliance with Irish partnership legislation.
Download
Non Equity Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions for a non-equity partner's relationship with a partnership, including rights, responsibilities, and obligations.
Download
New Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions for a business partnership, defining partners' rights, obligations, and operational framework.
Download
Long Term Partnering Agreement
An Irish law-governed agreement establishing a long-term strategic partnership between entities, defining collaboration terms and operational framework.
Download
Limited Partnership Agreement
An Irish law-governed agreement establishing a limited partnership structure between general and limited partners, defining their rights, obligations, and operational framework.
Download
Lifetime Partnership Agreement
An Irish law-governed agreement establishing a formal lifetime partnership between two individuals, covering legal, financial, and personal aspects of their relationship.
Download
Joint Partnership Agreement
An Irish law-governed agreement establishing a formal partnership between two or more parties, defining their rights, responsibilities, and business relationship terms.
Download
Influencer Partnership Agreement
An Irish law-governed agreement between brands and social media influencers defining their partnership terms, content requirements, and regulatory compliance obligations.
Download
Hotel Partnership Agreement
An Irish law-governed agreement establishing a partnership structure for hotel operations, defining partner rights, responsibilities, and operational frameworks.
Download
Home Buying Partnership Agreement
An Irish law-governed agreement establishing terms for joint property purchase and ownership between multiple parties, including rights, responsibilities, and exit provisions.
Download
General Cooperation Agreement
An Irish law-governed agreement establishing formal cooperation between parties, defining their collaborative relationship, rights, and obligations.
Download
Fixed Share Partnership Agreement
An Irish law-governed agreement establishing the terms for a fixed share partner's admission to a partnership, including rights, duties, and financial arrangements.
Download
ұԾ’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; ұԾ’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)