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Lifetime Partnership Agreement
"I need a Lifetime Partnership Agreement that protects my tech startup business interests while establishing a fair partnership arrangement, including provisions for my international assets in Singapore and specific terms about intellectual property rights we develop together after March 2025."
1. Parties: Identification and details of both partners entering into the agreement
2. Background: Context of the agreement, including the partners' intention to formalize their relationship and protect their respective interests
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Purpose and Principles: Statement of the agreement's objectives and the guiding principles of the partnership
5. Duration and Nature of Partnership: Specification that this is a lifetime arrangement and the legal nature of the partnership
6. Financial Arrangements: Details of how finances will be managed, including joint accounts, separate property, and shared expenses
7. Property Rights: Classification and treatment of separate and joint property, including future acquisitions
8. Living Arrangements: Terms regarding shared residence and any property ownership or rental arrangements
9. Decision Making: Process for making joint decisions affecting the partnership
10. Healthcare and Medical Decisions: Provisions for healthcare decisions and power of attorney arrangements
11. Dispute Resolution: Process for resolving disagreements, including mediation and arbitration procedures
12. Termination: Circumstances and process for ending the partnership, including death or mutual agreement
13. Governing Law: Confirmation that the agreement is governed by New Zealand law
1. Children and Dependents: Provisions regarding existing or future children, including care arrangements and financial responsibilities
2. Business Interests: Treatment of business assets and operations owned by either partner
3. Inheritance Rights: Specific provisions about inheritance and estate planning beyond standard legal requirements
4. Cultural and Religious Observances: Agreements regarding cultural or religious practices important to either partner
5. Intellectual Property: Provisions regarding ownership and management of intellectual property created during the partnership
6. Pets and Animals: Arrangements for the care and ownership of pets
7. International Assets: Special provisions for assets held in other countries
8. Digital Assets: Management and access rights to digital assets and accounts
1. Schedule 1: Asset Register: Detailed inventory of assets owned by each partner at the time of agreement
2. Schedule 2: Financial Obligations: List of existing financial commitments, debts, and obligations of each partner
3. Schedule 3: Shared Property: Details of jointly owned property and agreed ownership percentages
4. Schedule 4: Personal Effects: List of significant personal items and their agreed ownership
5. Schedule 5: Contact Information: Emergency contacts, important professional advisors, and key medical information
6. Appendix A: Powers of Attorney: Forms and documentation for mutual powers of attorney
7. Appendix B: Medical Directives: Advanced care directives and healthcare preferences
8. Appendix C: Property Valuations: Professional valuations of significant assets at the time of agreement
Authors
Legal Services
Financial Services
Estate Planning
Property Management
Healthcare Services
Insurance
Wealth Management
Professional Services
Family Services
Real Estate
Legal
Compliance
Risk Management
Estate Planning
Wealth Management
Document Management
Client Services
Advisory Services
Family Law
Property Law
Lawyer
Legal Counsel
Estate Planner
Financial Advisor
Wealth Manager
Property Manager
Legal Administrator
Family Law Specialist
Relationship Property Lawyer
Mediator
Professional Trustee
Legal Document Specialist
Risk Manager
Insurance Advisor
Healthcare Administrator
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