Ƶ

Partnership Interest Purchase Agreement for Philippines

Partnership Interest Purchase Agreement Template for Philippines

A comprehensive legal agreement governed by Philippine law that documents the sale and transfer of partnership interests from one party to another. The agreement details the terms and conditions of the transfer, including purchase price, payment terms, representations and warranties, and closing conditions. It ensures compliance with Philippine partnership laws, tax regulations, and foreign investment restrictions where applicable. The document includes provisions for due diligence, partner approvals, and necessary regulatory clearances, while addressing specific requirements under Philippine corporate and securities laws.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Partnership Interest Purchase Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Partnership Interest Purchase Agreement?

The Partnership Interest Purchase Agreement is a crucial document used in Philippine business transactions when a partner wishes to sell their interest in a partnership to another party. This agreement is essential for documenting the terms and conditions of the transfer while ensuring compliance with Philippine laws, including the Civil Code, Corporation Code, and relevant tax regulations. It becomes particularly important in cases involving substantial partnership interests, foreign buyers, or regulated industries. The document must address specific Philippine legal requirements such as partner consent rights, tax clearances, and potential foreign ownership restrictions. It typically includes detailed provisions on purchase price, payment mechanisms, representations and warranties, and closing conditions, while also considering local business practices and regulatory requirements.

What sections should be included in a Partnership Interest Purchase Agreement?

1. Parties: Identification of the seller(s) and buyer(s) of the partnership interest

2. Background: Context of the transaction, description of the partnership, and current ownership structure

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase: Core transaction terms including the partnership interest being sold and purchase price

5. Payment Terms: Structure and timing of payment, including any adjustments or earn-outs

6. Conditions Precedent: Conditions that must be satisfied before closing

7. Closing: Mechanics and requirements for completing the transaction

8. Seller's Representations and Warranties: Statements of fact and assurances about the partnership interest and underlying business

9. Buyer's Representations and Warranties: Statements of fact and assurances from the buyer, including ability to complete the purchase

10. Covenants: Ongoing obligations of the parties before and after closing

11. Indemnification: Provisions for compensation in case of breach or losses

12. Confidentiality: Obligations regarding confidential information

13. Governing Law and Jurisdiction: Choice of Philippine law and jurisdiction for dispute resolution

14. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement

What sections are optional to include in a Partnership Interest Purchase Agreement?

1. Tag-Along Rights: Optional section for when existing partners retain rights to participate in the sale

2. Drag-Along Rights: Optional section when majority partners can force minority partners to join the sale

3. Non-Competition: Restrictions on seller's future competitive activities, if applicable

4. Foreign Ownership Compliance: Required if the buyer includes foreign investors and the business is in a regulated sector

5. Tax Matters: Detailed tax provisions if complex tax implications exist

6. Earn-Out Provisions: Details of any performance-based additional payments

7. Partner Consent: Required if other partners must approve the transfer

What schedules should be included in a Partnership Interest Purchase Agreement?

1. Schedule 1 - Partnership Interest Details: Detailed description of the partnership interest being transferred

2. Schedule 2 - Purchase Price Calculation: Breakdown of purchase price and any adjustments

3. Schedule 3 - Partnership Information: Key details about the partnership including assets, liabilities, and financial statements

4. Schedule 4 - Encumbrances: List of any existing liens or encumbrances on the partnership interest

5. Schedule 5 - Required Consents: List of required third-party or governmental approvals

6. Schedule 6 - Disclosure Schedule: Exceptions to representations and warranties

7. Appendix A - Closing Deliverables: List of documents and items to be delivered at closing

8. Appendix B - Form of Transfer Instrument: Template for the formal transfer document

9. Appendix C - Partner Consent Form: Template for obtaining other partners' consent if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions


















































Clauses













































Relevant Industries

Professional Services

Real Estate

Manufacturing

Retail

Technology

Agriculture

Construction

Healthcare

Financial Services

Mining and Natural Resources

Tourism and Hospitality

Transportation and Logistics

Energy

Education

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Tax

Compliance

Risk Management

Business Development

Corporate Secretariat

Investment

Partnership Administration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Secretary

Managing Partner

Business Development Director

Investment Manager

Tax Director

Compliance Officer

Managing Director

Partnership Administrator

Financial Controller

Risk Manager

Corporate Development Manager

Business Owner

General Counsel

Transaction Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Product Reseller Agreement

A legal agreement under Philippine law establishing terms and conditions between a supplier and reseller for product distribution and resale.

Download

Industrial Partner Contract

A Philippine law-governed agreement establishing partnership terms between industrial entities for manufacturing, technology, or service cooperation.

Download

Partnership Agreement For Hotel Business

A Philippine law-governed agreement establishing partnership terms and operational framework for hotel business ventures.

Download

Technology Partner Agreement

A Philippine law-governed agreement establishing terms and conditions for technology partnerships, including licensing, data protection, and service delivery requirements.

Download

Budget Partnership Agreement

A Philippine law-governed agreement establishing partnership between government agencies and civil society organizations for participatory budgeting and public expenditure monitoring.

Download

Non Binding Partnership Agreement

A preliminary framework document under Philippine law that outlines intended partnership arrangements without creating legally binding obligations.

Download

Limited Liability Limited Partnership Agreement

A Philippine law-governed agreement establishing a Limited Liability Limited Partnership, defining partner rights, management structure, and liability protection mechanisms.

Download

Domestic Partnership Letter

A formal document used in the Philippines to establish and document a domestic partnership arrangement, outlining terms of cohabitation and mutual responsibilities within Philippine civil law framework.

Download

Start Up Business Partnership Agreement

A Philippine law-governed agreement establishing the terms and conditions of a startup business partnership, including ownership, management, and operational framework.

Download

Contract For LLC Partnership

A Philippine law-governed agreement establishing an LLC partnership structure, defining partner relationships, management rights, and operational procedures.

Download

Joint Venture Proposal

A Philippine law-governed proposal document outlining the terms and structure of a proposed joint venture arrangement between multiple parties, ensuring compliance with local corporate and investment regulations.

Download

Software Distributor Agreement

A Philippine law-governed agreement establishing terms for software distribution rights between a licensor and distributor, including territorial rights and compliance requirements.

Download

Social Media Partnership Agreement

A Philippine law-governed agreement establishing terms and conditions for social media partnerships, including content management, rights, and obligations.

Download

Domestic Partnership Declaration

A formal declaration establishing a domestic partnership between two individuals under Philippine jurisdiction, primarily recognized through local government ordinances.

Download

Collaboration Partnership Agreement

A legally binding agreement under Philippine law that establishes and governs collaborative business partnerships between multiple parties, defining their rights, responsibilities, and operational framework.

Download

Venture Partner Agreement

A Philippine law-governed agreement establishing the relationship between a venture capital firm and a venture partner, including roles, compensation, and obligations.

Download

Term Sheet For Partnership Agreement

A preliminary document under Philippine law that outlines key terms and conditions for a proposed business partnership, serving as a foundation for the final partnership agreement.

Download

Temporary Partnership Agreement

A Philippine law-compliant agreement establishing a temporary partnership for a specific project or duration, defining partner rights, responsibilities, and dissolution terms.

Download

Technical Partnership Agreement

A legal framework for technical collaboration between parties under Philippine law, governing technology transfer, IP rights, and technical resource sharing.

Download

Startup Partnership Agreement

A Philippine law-governed agreement establishing partnership terms and conditions between startup founders, including ownership, management, and operational frameworks.

Download

Software Partnership Agreement

A Philippine law-governed agreement establishing terms and conditions for software partnership collaboration, including development, distribution, and implementation rights and obligations.

Download

Software Partner Agreement

A Philippine law-governed agreement establishing partnership terms between software providers and their business partners for software distribution and implementation.

Download

Sponsorship Partnership Agreement

A Philippine law-governed agreement establishing terms and conditions for sponsorship partnerships, including rights, obligations, and commercial terms.

Download

Shareholders Agreement Joint Venture

A Philippine law-governed agreement establishing terms between joint venture shareholders, outlining rights, obligations, and governance structures while ensuring compliance with local corporate regulations.

Download

Service Partner Agreement

A Philippine law-governed agreement establishing terms and conditions between a service provider and client company for the provision of specified services.

Download

Simple Partnership Dissolution Agreement

A Philippine law-governed agreement that formally dissolves a partnership and outlines the terms for winding up partnership affairs.

Download

Simple Limited Partnership Agreement

A Philippine law-governed agreement establishing a limited partnership with defined roles for general and limited partners, including management rights and liability limitations.

Download

Revenue Share Partnership Agreement

A Philippine law-governed agreement establishing terms for revenue sharing partnerships, including distribution mechanisms and party obligations.

Download

Restaurant Profit Sharing Agreement

A Philippine law-governed agreement establishing profit sharing arrangements and operational terms between parties in a restaurant business.

Download

Sales Cooperation Agreement

A Philippine law-governed agreement establishing terms for sales collaboration between parties, including territorial rights, commissions, and operational procedures.

Download

Salaried Partner Agreement

A Philippine-law governed agreement establishing the terms and conditions for a salaried partner position, combining employment and partnership elements.

Download

Real Estate Limited Partnership Agreement

A Philippine law-governed agreement establishing a limited partnership structure for real estate investments, defining partner roles, responsibilities, and profit-sharing arrangements.

Download

Real Estate Joint Venture Agreement

Philippine-law governed agreement establishing a joint venture between parties for real estate development, defining contributions, profit-sharing, and operational terms.

Download

Profit Sharing Ratio Partnership Agreement

A Philippine law-governed agreement establishing partnership terms and profit-sharing ratios between multiple parties, detailing financial distributions and operational responsibilities.

Download

Profit Sharing Agreement In Business Partnership

A Philippine law-governed agreement establishing profit sharing terms and conditions between business partners, including profit distribution, management rights, and partner obligations.

Download

Profit And Loss Partnership Agreement

A Philippine law-governed agreement establishing partnership terms, profit-loss sharing arrangements, and operational guidelines between partners.

Download

Product Partnership Agreement

A Philippine law-governed agreement establishing terms for product-related partnerships between parties, covering development, manufacture, distribution, or commercialization arrangements.

Download

Preliminary Partnership Agreement

A Philippine law-governed agreement establishing preliminary terms for exploring and negotiating a potential business partnership.

Download

Preferred Partner Agreement

A Philippine law-governed agreement establishing a preferential business relationship between parties, defining exclusive rights, obligations, and commercial terms for strategic partnership.

Download

Pre Partnership Agreement

A Philippine law-governed agreement establishing terms for exploring and negotiating a potential business partnership.

Download
See more related templates

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