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1. Parties: Identification and details of all partners entering into the 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: Details of ownership percentages (60/40 split) and legal form of partnership
5. Capital Contributions: Initial and subsequent capital contributions from each partner
6. Profit and Loss Sharing: 60/40 profit-sharing mechanism and loss allocation terms
7. Management and Control: Decision-making processes and management responsibilities
8. Partners' Rights and Obligations: Detailed rights and duties of each partner
9. Business Operations: Day-to-day operation procedures and business management
10. Banking and Financial Matters: Banking arrangements, accounting practices, and financial management
11. Term and Termination: Duration of partnership and conditions for termination
12. Dispute Resolution: Procedures for resolving disputes between partners
13. Governing Law: Specification of UAE law as governing law and jurisdiction
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Non-Competition: Restrictions on partners engaging in competing businesses, include when partners have other business interests
2. Intellectual Property: IP ownership and usage rights, include when the partnership involves significant IP assets
3. Insurance: Required insurance coverage, include when business activities require specific insurance
4. Employee Matters: Employment policies and procedures, include when partnership will have employees
5. Anti-Money Laundering: AML compliance procedures, include for financial services or high-value transactions
6. Force Majeure: Provisions for unforeseen circumstances, include for long-term partnerships or high-risk activities
7. Confidentiality: Protection of partnership's confidential information, include when dealing with sensitive information
1. Schedule 1 - Capital Contributions: Detailed breakdown of initial and committed capital contributions
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives
3. Schedule 3 - Management Structure: Detailed management hierarchy and responsibilities
4. Schedule 4 - Profit Distribution Policy: Detailed mechanism for calculating and distributing profits
5. Schedule 5 - Partner Information: Detailed information about partners including contact details and representatives
6. Schedule 6 - Key Performance Indicators: Metrics for measuring partnership performance
7. Appendix A - Required Licenses: List of required business licenses and permits
8. Appendix B - Asset Register: Initial list of partnership assets and their values
Applicable Law
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Designated Bank Account
Dispute
Distribution
Effective Date
Encumbrance
Financial Year
Force Majeure Event
Initial Capital Contribution
Intellectual Property Rights
Majority Partner
Managing Partner
Material Breach
Minority Partner
Net Profit
Operating Expenses
Partnership
Partnership Assets
Partnership Interest
Profit Share Ratio
Quarter
Related Party
Relevant Authority
Reserved Matters
Share Transfer
Shareholder Resolution
Subscription Amount
Territory
UAE
Working Capital
Partnership Formation
Duration
Capital Contribution
Profit and Loss Sharing
Management Rights
Partner Obligations
Decision Making
Banking Arrangements
Financial Records
Distribution Policy
Reserved Matters
Transfer Restrictions
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Non-Competition
Confidentiality
Intellectual Property
Default
Force Majeure
Termination
Exit Mechanisms
Dispute Resolution
Governing Law
Notices
Assignment
Amendment
Severability
Entire Agreement
Third Party Rights
Costs and Expenses
Further Assurance
Counterparts
Compliance
Anti-Money Laundering
Data Protection
Insurance
Indemnification
Real Estate Development
Trading and Import/Export
Professional Services
Retail and Commerce
Technology and Software
Manufacturing
Hospitality and Tourism
Construction and Engineering
Healthcare Services
Financial Services
Consulting Services
Food and Beverage
Legal
Finance
Corporate Governance
Compliance
Risk Management
Business Development
Operations
Executive Leadership
Administrative
Company Secretariat
Chief Executive Officer
Managing Director
Business Owner
Legal Counsel
Corporate Lawyer
Chief Financial Officer
Business Development Manager
Company Secretary
Partnership Manager
Operations Director
Investment Manager
Compliance Officer
Risk Manager
General Counsel
Financial Controller
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