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Partnership Deed Online
"I need a Partnership Deed Online for a three-partner retail business starting January 2025, with unequal profit sharing (50:30:20) and one sleeping partner, including specific clauses about store management and inventory control responsibilities."
1. Parties: Details of all partners including full names, addresses, and occupation
2. Background: Brief introduction about the partners and their intention to form a partnership
3. Definitions: Key terms used throughout the deed defined for clarity
4. Partnership Name and Business: The firm's name and nature of business to be carried out
5. Place of Business: Principal place of business and any branch locations
6. Term of Partnership: Commencement date and duration of partnership
7. Capital Contribution: Initial capital contribution by each partner and terms for additional contributions
8. Profit and Loss Sharing: Ratio and method of sharing profits and losses among partners
9. Banking and Finance: Banking arrangements and operation of partnership accounts
10. Management and Decision Making: Day-to-day management responsibilities and decision-making process
11. Rights and Duties of Partners: Fundamental rights and obligations of all partners
12. Restrictions on Partners: Limitations on partners' activities, non-compete provisions
13. Books of Account: Maintenance and audit of partnership accounts and records
14. Retirement and Admission: Process for partner retirement and admission of new partners
15. Death and Incapacity: Procedures following death or incapacity of a partner
16. Dissolution: Circumstances and process for partnership dissolution
17. Dispute Resolution: Method and process for resolving disputes between partners
18. Governing Law: Applicable law and jurisdiction
1. Intellectual Property Rights: Used when the partnership involves creation or use of intellectual property
2. Goodwill: Include when specifying how partnership goodwill will be valued and dealt with
3. Working Partners: Required when some partners are designated as working partners with special duties
4. Remuneration to Partners: Include when partners receive salary or commission in addition to profit share
5. Leave and Absence: Necessary when defining partners' rights to take leave
6. Insurance: Include when specifying mandatory insurance coverage for business or partners
7. Assignment and Transfer: Used when allowing for transfer of partnership interests
8. Social Media and Communication: Include for partnerships with significant online presence
9. Environmental Compliance: Required for businesses with environmental impact
1. Schedule A - Capital Contributions: Detailed breakdown of each partner's capital contribution
2. Schedule B - Profit Sharing Ratio: Detailed profit and loss sharing arrangements
3. Schedule C - Assets and Properties: List of partnership assets and properties with values
4. Schedule D - Partner Duties: Specific roles and responsibilities of each partner
5. Schedule E - Business Plan: Initial business plan and operational strategy
6. Appendix 1 - Banking Resolution: Bank account operating instructions and authorized signatories
7. Appendix 2 - Compliance Checklist: List of regulatory compliances and licenses required
8. Appendix 3 - Partner Contact Details: Detailed contact information for all partners and key personnel
Authors
Retail
Professional Services
Manufacturing
Information Technology
Real Estate
Healthcare
Hospitality
Construction
Trading
Consulting
Agriculture
Education
Financial Services
Transportation and Logistics
Media and Entertainment
Legal
Finance
Operations
Management
Compliance
Business Development
Corporate Affairs
Risk Management
Administrative
Strategy
Business Owner
Entrepreneur
Managing Partner
Company Director
Chief Executive Officer
Chief Financial Officer
Business Development Manager
Legal Counsel
Corporate Lawyer
Partnership Firm Manager
Finance Manager
Operations Director
Investment Manager
Business Consultant
Professional Partner
Compliance Officer
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