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Ownership Agreement
"I need an Ownership Agreement for a joint venture between three technology companies in Singapore, with equal ownership stakes and specific provisions for intellectual property management and future exit options to be effective from March 2025."
1. Parties: Identification and details of all parties involved in the ownership agreement
2. Background: Context and purpose of the ownership agreement
3. Definitions: Key terms used throughout the agreement
4. Ownership Structure: Details of ownership interests, percentages, and rights
5. Transfer Restrictions: Limitations on transfer of ownership interests
6. Management Rights: Decision-making authority and voting rights
7. Governing Law: Specification of Singapore law as governing law
1. Pre-emptive Rights: Right of first refusal for existing owners when any party wishes to transfer their ownership interests
2. Tag-Along Rights: Rights allowing minority owners to join in the sale of ownership interests on the same terms as majority owners
3. Drag-Along Rights: Rights allowing majority owners to force minority owners to join in the sale of ownership interests
4. Deadlock Resolution: Procedures and mechanisms for resolving management deadlocks between owners
1. Schedule 1: Initial Ownership Structure: Detailed breakdown of initial ownership allocation and percentages
2. Schedule 2: Asset Register: Comprehensive list of assets covered by the ownership agreement
3. Schedule 3: Valuation Methodology: Agreed methods and procedures for valuing ownership interests
4. Appendix A: Management Procedures: Detailed procedures and protocols for management decisions and voting
5. Appendix B: Transfer Procedures: Step-by-step process and requirements for ownership transfers
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