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1. Parties: Identifies all family members entering into the partnership agreement, including their legal capacities and relationships
2. Background: Sets out the context of the family business, its history, and the purpose of forming the partnership
3. Definitions: Defines key terms used throughout the agreement, including family-specific terminology
4. Partnership Structure: Details the legal form of partnership, ownership percentages, and capital contributions of each family member
5. Management and Control: Establishes the management structure, voting rights, and decision-making processes
6. Roles and Responsibilities: Defines specific roles, duties, and responsibilities of family members in the business
7. Profit and Loss Sharing: Specifies how profits and losses will be distributed among family members
8. Capital Accounts: Details the maintenance and management of capital accounts for each partner
9. Transfer Restrictions: Sets out restrictions on transferring partnership interests, particularly to non-family members
10. Succession Planning: Outlines the process for business succession and transfer of interests to next generation
11. Dispute Resolution: Establishes procedures for resolving conflicts between family members
12. Termination and Dissolution: Specifies conditions and procedures for partnership termination or dissolution
13. Governing Law: Confirms the agreement is governed by Philippine law and relevant regulations
1. Family Employment Policy: Guidelines for employing family members, used when the family wants to establish clear criteria for family member employment
2. Family Council: Establishes a family governance body, recommended for larger family businesses
3. Education and Training: Provisions for developing next-generation family members, useful for succession planning
4. Non-Competition: Restricts family members from competing with the business, important for protecting business interests
5. Intellectual Property Rights: Addresses ownership and use of family business IP, necessary when IP is a significant asset
6. Family Member Exit Strategy: Detailed procedures for family members who wish to exit the business, important for larger families
7. Dividend Policy: Establishes guidelines for dividend distributions, useful for managing family expectations
8. Family Business Constitution: References to a separate family constitution, recommended for complex family businesses
1. Schedule A - Initial Capital Contributions: Detailed list of initial capital contributions from each family member
2. Schedule B - Partnership Assets: Comprehensive inventory of partnership assets and their valuations
3. Schedule C - Family Member Roles: Current roles and positions held by family members in the business
4. Schedule D - Business Plan: Current business plan and strategic objectives
5. Schedule E - Valuation Method: Agreed method for valuating partnership interests
6. Appendix 1 - Family Member Contact Details: Contact information for all family members involved in the partnership
7. Appendix 2 - Required Regulatory Filings: List of necessary regulatory compliance documents
8. Appendix 3 - Family Business Policies: Compilation of adopted family business policies and procedures
Retail and Consumer Goods
Manufacturing
Real Estate and Property Development
Agriculture and Farming
Food and Beverage
Hospitality and Tourism
Professional Services
Construction
Trading and Distribution
Technology and Digital Services
Healthcare Services
Education Services
Transportation and Logistics
Small and Medium Enterprises
Legal
Corporate Governance
Family Office
Executive Management
Board of Directors
Operations
Finance
Human Resources
Compliance
Business Development
Succession Planning
Risk Management
Strategic Planning
Family Council
Family Business Owner
Managing Partner
Family Council Chair
Chief Executive Officer
Chief Financial Officer
Operations Director
Business Development Manager
Family Office Manager
Succession Planning Advisor
Corporate Governance Officer
Legal Counsel
Family Business Consultant
Partnership Administrator
Board Member
Executive Director
General Manager
Human Resources Director
Compliance Officer
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