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Agreement Between Two Parties For Business Partnership
"I need an Agreement Between Two Parties For Business Partnership to establish a technology consulting firm in Singapore with my business partner, where I will contribute 60% of the capital and want primary decision-making authority, starting from March 2025."
1. Parties: Identification and details of the partnering parties
2. Background: Context and purpose of the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal structure, ownership percentages, and capital contributions
5. Management and Control: Decision-making processes and management responsibilities
6. Financial Arrangements: Profit sharing, losses, accounting practices
7. Term and Termination: Duration and conditions for ending the partnership
8. Governing Law: Applicable law and jurisdiction
1. Non-Compete: Restrictions on competing activities - used when partners want to protect business interests
2. Intellectual Property: IP ownership and usage rights - used when IP is involved in the business
3. Insurance: Required insurance coverage - used for high-risk businesses or specific industry requirements
4. Dispute Resolution: Process for resolving disagreements - used when parties want specific dispute resolution mechanisms
1. Capital Contributions Schedule: Detailed breakdown of initial and ongoing capital contributions
2. Business Plan: Detailed business strategy and objectives
3. Asset Register: List of partnership assets and their values
4. Partner Responsibilities: Detailed outline of each partner's roles and duties
5. Financial Procedures: Detailed accounting and financial management procedures
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