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1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Partnership Structure and Purpose: Legal structure of the partnership and detailed description of its business objectives
5. Capital Contributions: Details of initial and any subsequent capital contributions by partners
6. Profit and Loss Distribution: Specific mechanism for 60-40 profit sharing and loss allocation
7. Management and Decision Making: Management structure, voting rights, and decision-making processes
8. Partners' Rights and Obligations: Detailed rights, responsibilities, and duties of each partner
9. Business Operations: Day-to-day operational procedures and business management
10. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial management
11. Term and Termination: Duration of partnership and circumstances for termination
12. Withdrawal and Transfer of Interest: Procedures for partner withdrawal and transfer of partnership interests
13. Dispute Resolution: Mechanisms for resolving disputes between partners
14. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction
15. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Non-Competition and Confidentiality: Restrictions on competitive activities and protection of confidential information - used when partners have other business interests
2. Intellectual Property Rights: Ownership and usage of IP - included when the partnership involves significant IP assets
3. Foreign Ownership Provisions: Special provisions required for foreign partners - included when any partner is non-Saudi
4. Shariah Compliance: Detailed provisions ensuring compliance with Islamic law - included when specifically required by partners or nature of business
5. Employment of Partners: Terms for partners' employment in the business - used when partners will take active roles
6. Insurance and Liability: Special insurance requirements and liability allocation - included for high-risk businesses
7. Exit Strategy: Detailed procedures for business sale or IPO - included for larger partnerships with potential exit plans
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives
3. Schedule 3 - Management Structure: Detailed organizational structure and management responsibilities
4. Schedule 4 - Profit Distribution Mechanism: Detailed calculations and timing for the 60-40 profit distribution
5. Schedule 5 - Partner Information: Detailed information about each partner including contact details and representatives
6. Appendix A - Required Licenses: Copies of business licenses and permits
7. Appendix B - Property Details: Details of any property owned or leased by the partnership
8. Appendix C - Key Contracts: List and copies of important contracts and agreements
Manufacturing
Retail
Professional Services
Real Estate
Technology
Healthcare
Construction
Trading
Hospitality
Education
Consulting
Import/Export
Financial Services
Transportation and Logistics
Legal
Finance
Corporate Governance
Compliance
Risk Management
Business Development
Operations
Investment
Strategy
Executive Leadership
Chief Executive Officer
Managing Director
Business Owner
Legal Counsel
Corporate Lawyer
Chief Financial Officer
Business Development Manager
Company Secretary
Partnership Manager
Investment Manager
Compliance Officer
Risk Manager
Finance Director
Operations Director
Board Member
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