The Managing Partner Contract is a critical document used when appointing or promoting an individual to the position of Managing Partner in a Singapore-based partnership. This contract type is essential for professional service firms, particularly in sectors such as legal, accounting, and consulting. It defines the scope of authority, profit-sharing arrangements, and management responsibilities while ensuring compliance with Singapore's partnership laws and regulations. The document serves as the primary reference point for the Managing Partner's rights and obligations within the partnership structure.
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1. Parties: Identification of the partnership and incoming managing partner
2. Background: Context of the appointment and partnership structure
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment and duration
5. Duties and Responsibilities: Scope of managing partner role and key responsibilities
6. Remuneration: Compensation structure and profit sharing arrangements
7. Management Rights: Decision-making authority, limitations, and governance structure
8. Termination: Grounds for termination and process
9. Confidentiality: Protection of partnership confidential information
10. Governing Law: Singapore law provisions and jurisdiction
1. Non-compete: Restrictions on competitive activities post-partnership termination
2. Intellectual Property: IP rights, ownership, and transfer provisions
3. International Operations: Provisions for cross-border responsibilities and operations
4. Professional Indemnity: Professional liability and insurance requirements
5. Dispute Resolution: Mediation and arbitration procedures
1. Schedule 1 - Partnership Deed: Copy of existing partnership agreement
2. Schedule 2 - Profit Sharing Formula: Detailed calculation method for profit distribution
3. Schedule 3 - Key Performance Indicators: Performance metrics and targets for the managing partner
4. Schedule 4 - Insurance Requirements: Required professional indemnity and other insurance details
5. Schedule 5 - Powers of Attorney: Specific powers granted to the managing partner
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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