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Startup Partnership Agreement
"I need a Startup Partnership Agreement for a fintech venture in Singapore launching in March 2025, with three founding partners contributing different amounts of capital and IP rights, where one partner will be taking a more passive role."
1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership and brief description of the business venture
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal form of partnership and ownership structure
5. Capital Contributions: Details of initial and ongoing capital contributions from each partner
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management and Control: Decision-making processes and management responsibilities
8. Term and Termination: Duration of partnership and conditions for termination
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Intellectual Property Rights: IP ownership and licensing arrangements - include when the startup involves significant IP assets or development
2. Non-Compete Provisions: Restrictions on competitive activities - include when partners want to protect business interests from competition
3. International Operations: Provisions for cross-border activities - include when the startup plans to operate in multiple jurisdictions
4. Employment of Partners: Terms of employment for partners who will work in the business - include when partners will take active roles in operations
5. Data Protection: Compliance with PDPA and data protection measures - include when handling personal or sensitive data
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's capital contributions including valuation of non-cash assets
2. Schedule 2: Business Plan: Detailed business strategy, projections, and milestones
3. Schedule 3: IP Register: List of intellectual property owned or licensed by the partnership
4. Schedule 4: Key Performance Indicators: Metrics for measuring partnership performance and success
5. Appendix A: Partner Details: Detailed information about each partner including contact details and shareholding
6. Appendix B: Governance Procedures: Detailed procedures for partnership meetings, voting, and decision-making
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