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Limited Company Partnership Agreement Generator for Singapore

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Key Requirements PROMPT example:

Limited Company Partnership Agreement

"I need a Limited Company Partnership Agreement for a technology joint venture between my Singapore software company and a Malaysian hardware manufacturer, with specific provisions for IP sharing and an expected commencement date of March 2025."

Document background
The Limited Company Partnership Agreement is essential when two or more limited companies in Singapore wish to form a formal partnership while maintaining their separate legal identities. This document is crucial for establishing clear operational frameworks, defining management responsibilities, and protecting each partner's interests. Under Singapore law, this agreement must comply with both the Companies Act and Partnership Act, making it distinct from traditional partnership agreements. It typically includes detailed provisions for capital contributions, profit sharing, decision-making processes, and dispute resolution mechanisms.
Suggested Sections

1. Parties: Identification and details of all partners and the company

2. Background: Context and purpose of the partnership agreement

3. Definitions: Key terms used throughout the agreement

4. Partnership Structure: Legal structure, ownership percentages, and capital contributions

5. Management Rights: Decision-making processes and voting rights

6. Financial Provisions: Profit sharing, losses, and capital accounts

7. Term and Termination: Duration and conditions for ending the partnership

Optional Sections

1. Non-Competition: Restrictions on competitive activities (used when partners may have competing interests)

2. Intellectual Property: IP ownership and usage rights (used when IP is significant to the business)

3. International Operations: Cross-border business provisions (used for partnerships with international activities)

Suggested Schedules

1. Capital Contributions Schedule: Detailed breakdown of partner contributions

2. Business Plan: Initial business strategy and objectives

3. Partner Information: Detailed information about each partner

4. Asset Register: List of partnership assets and their ownership

Authors

Alex Denne

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

Relevant legal definitions



































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Industries

Companies Act (Cap. 50): Primary legislation governing the formation, operation, and regulation of companies in Singapore. Sets out basic requirements for company structure and management.

Partnership Act (Cap. 391): Traditional partnership law that provides foundational principles relevant to partner relationships and obligations, even in company partnerships.

Limited Liability Partnerships Act (Cap. 163A): While not directly applicable to limited companies, provides useful reference points for partnership structures and liability frameworks.

ACRA Regulations: Accounting and Corporate Regulatory Authority regulations covering registration requirements and ongoing compliance obligations for companies in Singapore.

Securities and Futures Act (Cap. 289): Relevant legislation when partnership involves investment activities or securities trading.

Contract Law: Common law principles governing formation and enforcement of contracts, contractual obligations and remedies in Singapore.

Income Tax Act: Legislation governing tax treatment of partnership arrangements and partner taxation requirements in Singapore.

Employment Act: Relevant when partnership agreement includes employment terms or relations with employees.

Personal Data Protection Act 2012: Legislation governing the handling and protection of personal data of partners and related parties.

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

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