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LLC Business Partnership Agreement
"Need an LLC Business Partnership Agreement for a new technology consulting firm in Singapore with tHRee founding partners, where two partners will contribute capital and one partner will contribute intellectual property, with plans to start operations in March 2025."
1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context and purpose of the partnership, including business objectives
3. Definitions: Key terms and their meanings used tHRoughout the agreement
4. Partnership Structure: Legal form, ownership percentages, and capital contributions of the partnership
5. Management and Decision Making: Governance structure, voting rights, and management procedures
6. Capital and Profits: Financial arrangements, capital contributions, and profit distribution mechanisms
7. Partners' Duties and Obligations: Responsibilities, commitments, and obligations of all partners
8. Term and Termination: Duration of partnership and conditions for termination or dissolution
9. Dispute Resolution: Process and procedures for resolving conflicts between partners
1. Non-Compete Provisions: Restrictions on competitive activities and protection of business interests
2. Intellectual Property Rights: Ownership, use, and protection of intellectual property assets
3. Insurance Requirements: Required insurance coverage and liability protection measures
4. International Operations: Provisions governing cross-border business activities and compliance
1. Schedule 1: Capital Contributions: Detailed breakdown of initial and subsequent capital contributions by partners
2. Schedule 2: Business Plan: Initial business plan, strategy, and operational framework
3. Schedule 3: Partner Information: Detailed information and documentation about each partner
4. Schedule 4: Company Assets: Comprehensive list of partnership assets and their ownership details
5. Appendix A: Profit Sharing Formula: Detailed calculation method and terms for profit distribution among partners
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