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1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation, including business purpose and objectives
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Partnership Structure: Legal structure, nature of partnership, and relationship between partners
5. Capital Contributions: Initial and ongoing capital contributions, valuation methods, and timing
6. Ownership and Equity Stakes: Distribution of ownership, equity percentages, and any classes of partnership interests
7. Management and Decision Making: Governance structure, voting rights, and decision-making processes
8. Partners' Rights and Obligations: Detailed rights, duties, and responsibilities of all partners
9. Financial Matters: Profit sharing, loss allocation, drawings, and distribution policies
10. Banking and Financial Records: Banking arrangements, accounting procedures, and record-keeping requirements
11. Transfer of Partnership Interests: Rules for selling, transferring, or encumbering partnership interests
12. Addition and Retirement of Partners: Procedures for admitting new partners and handling partner retirements
13. Default and Removal: Events of default and procedures for removing partners
14. Dispute Resolution: Procedures for resolving disputes between partners
15. Termination and Dissolution: Circumstances and procedures for partnership termination and asset distribution
16. General Provisions: Standard legal provisions including notices, amendments, and governing law
1. Intellectual Property: Provisions for IP ownership and licensing when the partnership involves significant IP assets
2. Employment of Partners: Terms for partners who are also employees, including roles and remuneration
3. Non-Competition and Confidentiality: Restrictions on competitive activities and protection of confidential information
4. Insurance: Required insurance coverage when partnership has significant risk exposure
5. External Financing: Provisions for obtaining and managing external funding when anticipated
6. Property Ownership: Specific provisions for partnerships holding real estate or significant physical assets
7. International Operations: Additional provisions for partnerships operating across multiple jurisdictions
8. Tag-Along and Drag-Along Rights: Special provisions for partnerships with potential exit strategies or sale prospects
1. Schedule 1: Partner Details: Detailed information about each partner, including contact details and initial capital contributions
2. Schedule 2: Business Plan: Initial business plan and strategic objectives of the partnership
3. Schedule 3: Capital Accounts: Details of partner capital accounts and valuation methodologies
4. Schedule 4: Asset Register: List of partnership assets and their agreed values
5. Schedule 5: Deed of Adherence: Template for new partners joining the partnership
6. Schedule 6: Management Structure: Detailed management structure and reporting lines
7. Schedule 7: Reserved Matters: List of decisions requiring special or unanimous partner approval
8. Appendix A: Valuation Rules: Detailed methodology for valuing partnership interests
9. Appendix B: Financial Procedures: Detailed accounting and financial management procedures
10. Appendix C: Exit Procedures: Detailed procedures for partner exits and interest transfers
Professional Services
Agriculture & Farming
Real Estate & Property
Medical Practices
Legal Services
Accounting & Financial Services
Consulting Services
Architecture & Design
Engineering Services
Technology & Software
Retail & Hospitality
Manufacturing & Industrial
Creative & Media Services
Legal
Finance
Corporate Secretariat
Compliance
Risk Management
Operations
Executive Leadership
Board of Directors
Administration
Business Development
Managing Partner
Senior Partner
Equity Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Company Secretary
Business Development Manager
Operations Manager
Finance Director
Partnership Administrator
Managing Director
Board Member
Compliance Officer
Risk Manager
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