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Online Business Partnership Agreement Generator for Singapore

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Key Requirements PROMPT example:

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."

Document background
The Online Business Partnership Agreement serves as a foundational document for businesses entering into digital partnerships in Singapore. It is specifically designed for ventures operating primarily in the online space, providing a legal framework that addresses modern business needs while ensuring compliance with Singapore's digital business regulations. This agreement is essential when two or more parties wish to collaborate in an online business venture, covering aspects such as digital asset management, online revenue models, technical responsibilities, and data protection requirements. The document is structured to align with Singapore's Partnership Act while incorporating elements specific to digital business operations.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Partnership Act (Chapter 391): Primary legislation governing the formation, operation, and dissolution of partnerships in Singapore

Electronic Transactions Act: Regulates electronic communications and digital contracts, providing legal recognition for electronic signatures and records

Personal Data Protection Act (PDPA): Governs the collection, use, disclosure, and protection of personal data in Singapore

Business Registration Act: Regulates the registration and administration of businesses in Singapore

Companies Act: Primary legislation governing corporate entities and their operations in Singapore

Copyright Act: Protects intellectual property rights related to creative works, including digital content

Trade Marks Act: Protects business brands, logos, and distinctive marks used in commerce

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and ensures fair trading standards

Competition Act: Promotes competitive markets and prevents anti-competitive practices in Singapore

Payment Services Act: Regulates payment systems and payment service providers in Singapore

Cybersecurity Act 2018: Establishes framework for protection of critical information infrastructure and cybersecurity standards

Mediation Act: Provides framework for mediation proceedings and enforcement of mediated settlements

Arbitration Act: Governs domestic arbitration proceedings and enforcement of arbitral awards

GST Act: Regulates Goods and Services Tax obligations for businesses operating in Singapore

Computer Misuse Act: Provides legal protection against unauthorized access and manipulation of computer systems

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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