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Online Business Partnership Agreement
"I need an Online Business Partnership Agreement for a new e-commerce venture between my tech company and a content creation partner, with specific provisions for revenue sharing from digital sales and joint ownership of the platform launching in March 2025."
1. Parties: Identification and details of all partnership parties, including registered business names, addresses, and registration numbers
2. Background: Context of the partnership, business objectives, and purpose of the agreement
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Partnership Structure: Legal form of partnership, ownership percentages, and management structure
5. Roles and Responsibilities: Specific duties and obligations of each partner in the online business
6. Financial Arrangements: Capital contributions, profit sharing, loss distribution, and accounting procedures
7. Digital Operations: Online platform management, technical responsibilities, and digital asset control
8. Term and Termination: Duration of partnership and conditions for termination
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Intellectual Property Rights: Management of IP assets and licensing arrangements when the partnership involves creation or use of intellectual property
2. Data Protection: PDPA compliance measures and data handling procedures when handling personal data of customers or users
3. Non-Compete Provisions: Restrictions on competitive activities to protect business interests from competition
4. International Operations: Cross-border business procedures and compliance for operations across multiple jurisdictions
5. Employee Management: Procedures for hiring and managing staff when the partnership will have employees
1. Business Plan: Detailed operational and strategic plans for the online business
2. Capital Contributions Schedule: Detailed breakdown of each partner's initial and ongoing contributions
3. Digital Asset Inventory: List of websites, domains, accounts, and digital properties owned by the partnership
4. Technical Specifications: Technical requirements and standards for the online platform
5. Data Processing Procedures: Detailed procedures for handling customer data in compliance with PDPA
6. Service Level Agreements: Performance metrics and service standards for the online business
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