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Partnership Term Sheet
"Need a Partnership Term Sheet for a new tech startup between three founding partners, with equal profit sharing and capital contributions of SGD 500,000 each, planning to launch operations in March 2025 in Singapore's cybersecurity sector."
1. Parties: Details of all partners and their contact information
2. Background: Context and purpose of the partnership
3. Definitions: Key terms used throughout the term sheet
4. Business Purpose: Detailed description of partnership business activities
5. Capital Contributions: Initial and ongoing capital commitments
6. Profit and Loss Sharing: Distribution ratios and mechanisms
7. Management Rights: Decision-making authority and voting rights
1. Non-Compete Provisions: Restrictions on competitive activities - used when partners may have competing interests
2. Intellectual Property Rights: Ownership and usage of IP - included when IP is significant to the business
3. Exit Mechanisms: Procedures for partner withdrawal or sale - recommended for longer-term partnerships
4. International Operations: Cross-border business provisions - required for international partnerships
1. Schedule A - Initial Capital Contributions: Detailed breakdown of partner contributions
2. Schedule B - Business Plan: Initial business strategy and projections
3. Schedule C - Partner Details: Comprehensive partner information and contacts
4. Schedule D - Assets Schedule: List of partnership assets and valuations
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