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1. Parties: Identification and details of both partners entering into the 50-50 partnership agreement
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Structure: Legal form of partnership and confirmation of 50-50 ownership structure
5. Business Purpose: Detailed description of the partnership's business activities and objectives
6. Capital Contributions: Details of initial and any agreed future capital contributions from each partner
7. Profit and Loss Sharing: Terms for 50-50 distribution of profits and losses
8. Management and Control: Management structure, decision-making processes, and voting rights
9. Partners' Duties and Obligations: Specific responsibilities and commitments of each partner
10. Banking and Financial Matters: Banking arrangements, accounting practices, and financial management procedures
11. Transfer of Partnership Interest: Rules and restrictions regarding the transfer of partnership shares
12. Term and Termination: Duration of partnership and conditions for termination
13. Dispute Resolution: Procedures for resolving disputes between partners
14. Governing Law: Confirmation of UAE law governance and jurisdiction
15. General Provisions: Standard contractual provisions including notices, amendments, and severability
1. Non-Compete and Confidentiality: Restrictions on competitive activities and protection of confidential information - recommended when sharing sensitive business information
2. Intellectual Property Rights: Ownership and usage of intellectual property - needed when the business involves creation or use of IP
3. Insurance: Required insurance coverage - important for high-risk businesses
4. Employee Matters: Guidelines for hiring and managing employees - needed when the partnership will have employees
5. Exit Strategy: Detailed procedures for partner exit or business sale - recommended for complex businesses
6. Force Majeure: Provisions for unforeseen circumstances - important in certain industries or locations
7. Compliance with Islamic Law: Specific provisions ensuring Shariah compliance - needed if partners require Islamic law compliance
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions, including valuations of non-cash assets
2. Schedule 2: Business Plan: Initial business plan and strategic objectives
3. Schedule 3: Management Structure: Detailed organizational chart and management responsibilities
4. Schedule 4: Banking Arrangements: List of authorized signatories and banking procedures
5. Schedule 5: Intellectual Property: List of owned and licensed intellectual property
6. Appendix A: Partner Information: Detailed information about each partner, including contact details and official documentation
7. Appendix B: Required Licenses: Copies or details of necessary business licenses and permits
8. Appendix C: Property Details: Information about any business premises or assets owned by the partnership
Applicable Law
Articles of Partnership
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Dispute
Effective Date
Encumbrance
Financial Year
Force Majeure Event
Intellectual Property Rights
Key Performance Indicators
Management Committee
Material Breach
Net Profit
Operating Expenses
Partners
Partnership
Partnership Interest
Partnership Property
Regulatory Authority
Reserved Matters
Share Capital
Territory
Trade License
Transfer
UAE
Working Capital
Exit Event
Good Faith
Liabilities
Related Party
Security Interest
Shariah Compliant
Term
Third Party
Voting Rights
Winding Up
Partnership Formation
Duration
Business Purpose
Capital Contribution
Profit and Loss Sharing
Management Rights
Decision Making
Voting Rights
Partner Obligations
Banking Arrangements
Financial Records
Distribution of Profits
Additional Capital
Transfer Restrictions
Right of First Refusal
Non-Competition
Confidentiality
Intellectual Property
Partner Meetings
Record Keeping
Compliance
Anti-Money Laundering
Force Majeure
Default
Deadlock Resolution
Dispute Resolution
Termination
Exit Rights
Buy-Out Provisions
Death or Incapacity
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Islamic Finance Compliance
Insurance
Indemnification
Representative Authority
Business Name
Good Faith
Third Party Rights
Further Assurance
Retail
Professional Services
Technology
Manufacturing
Real Estate
Food and Beverage
Construction
Trading
Consulting
Healthcare
Education
Tourism and Hospitality
Media and Entertainment
Financial Services
E-commerce
Legal
Finance
Corporate Governance
Compliance
Business Development
Operations
Risk Management
Strategy
Investment
Administrative
Business Owner
Managing Partner
CEO
Legal Counsel
Chief Financial Officer
Business Development Manager
Company Director
Operations Manager
Compliance Officer
Risk Manager
Corporate Secretary
Investment Manager
General Manager
Partnership Manager
Strategy Director
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