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Managing Partner Agreement
"Need a Managing Partner Agreement for our Singapore-based law firm to appoint a new managing partner effective March 1, 2025, with specific provisions for profit sharing and management of our international offices in ASEAN region."
1. Parties: Identification of all partners and the partnership entity
2. Background: Context and purpose of the partnership agreement
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Organization and management structure of the partnership
5. Capital Contributions: Initial and ongoing capital requirements
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management Rights and Duties: Partners' roles, responsibilities, and decision-making authority
8. Term and Termination: Duration of partnership and termination provisions
1. Non-Compete Provisions: Restrictions on competitive activities - use when partners may have access to sensitive business information
2. Intellectual Property Rights: Ownership and use of partnership IP - include when IP is significant to the partnership business
3. International Operations: Cross-border business provisions - include for partnerships with international activities
4. Professional Indemnity: Professional liability coverage requirements - include for professional service partnerships
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's capital contribution
2. Schedule 2: Profit Sharing Formula: Detailed calculation method for profit distribution
3. Schedule 3: Management Structure: Organizational chart and management responsibilities
4. Schedule 4: Partner Information: Detailed information about each partner
5. Appendix A: Partnership Policies: Internal policies and procedures
6. Appendix B: Professional Requirements: Relevant professional regulations and requirements
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