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Real Estate Partnership Agreement
"I need a Real Estate Partnership Agreement for a joint venture between three Singapore-based property developers to acquire and manage a portfolio of commercial properties, with an initial investment of SGD 50 million and specific provisions for quarterly profit distribution starting from March 2025."
1. Parties: Identification and details of all partnership members
2. Background: Context and purpose of the partnership agreement
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal form, ownership percentages, and capital contributions
5. Management and Control: Decision-making processes and management responsibilities
6. Financial Arrangements: Profit sharing, losses, accounting, and banking arrangements
7. Property Management: Rules for acquiring, managing, and disposing of property
8. Term and Termination: Duration of partnership and termination provisions
1. Non-Competition: Restrictions on partners' competing activities when partners have other business interests
2. Intellectual Property: IP rights and brand usage provisions when partnership involves branded properties or services
3. Insurance: Required insurance coverage provisions when specific insurance requirements exist
4. Foreign Ownership: Special provisions for foreign partners when non-Singapore partners are involved
1. Schedule 1: Property Portfolio: List of properties owned or managed by the partnership
2. Schedule 2: Capital Contributions: Detailed breakdown of partners' capital contributions
3. Schedule 3: Management Structure: Organizational chart and management responsibilities
4. Schedule 4: Banking Arrangements: Bank account details and signing authorities
5. Appendix A: Property Management Procedures: Standard operating procedures for property management
6. Appendix B: Valuation Methods: Agreed methods for property valuation
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