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1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation and partners' intention to establish a free partnership
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Partnership Formation: Declaration of partnership establishment, business name, and official registration details
5. Purpose and Business Activities: Detailed description of partnership's business objectives and permitted activities
6. Capital Contributions: Details of initial and any subsequent capital contributions by partners
7. Profit and Loss Distribution: Formula and mechanisms for sharing profits and losses among partners
8. Management and Control: Partnership management structure, decision-making processes, and voting rights
9. Partners' Rights and Obligations: Detailed responsibilities and rights of each partner
10. Banking and Financial Matters: Banking arrangements, financial record-keeping, and accounting procedures
11. Transfer of Partnership Interest: Rules governing the transfer of partnership shares and admission of new partners
12. Term and Termination: Duration of partnership and circumstances leading to termination
13. Dissolution and Liquidation: Procedures for partnership dissolution and asset distribution
14. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes
15. Notices: Procedures for formal communications between partners
16. General Provisions: Miscellaneous legal provisions including severability, entire agreement, and amendments
1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners have other business interests
2. Intellectual Property Rights: Provisions regarding IP ownership and usage, included when the partnership involves significant IP assets
3. Employee Matters: Guidelines for hiring and managing employees, included when the partnership plans to have employees
4. Islamic Finance Compliance: Specific provisions ensuring Shariah compliance, included when partners require Islamic finance principles
5. Branch Offices: Provisions for establishing and managing branch offices, included when geographic expansion is planned
6. Dispute Resolution: Detailed arbitration or mediation procedures, included when partners want specific dispute resolution mechanisms
7. Insurance: Required insurance coverage and obligations, included when specific business risks need to be covered
8. Force Majeure: Provisions for unforeseen circumstances, included when business is susceptible to external disruptions
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuations of non-cash contributions
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives of the partnership
3. Schedule 3 - Management Structure: Detailed organizational structure and management responsibilities
4. Schedule 4 - Profit Distribution Mechanism: Detailed calculations and timelines for profit distribution
5. Schedule 5 - Partner Information: Detailed information about each partner, including contact details and representatives
6. Appendix A - Required Licenses: List of licenses and permits required for partnership operation
7. Appendix B - Partnership Policies: Key operational policies and procedures
8. Appendix C - Asset Register: List of partnership assets and their ownership status
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commercial License
Commercial Register
Confidential Information
Default Event
Distributable Profits
Financial Year
Governing Law
Initial Capital
Intellectual Property Rights
Management Committee
Managing Partner
Partnership
Partnership Assets
Partnership Interest
Partner
Profit Share
Register of Partners
Resolution
Share
Territory
Transfer
UAE
UAE Dirham
Working Capital
Capital Contributions
Profit and Loss Distribution
Management Rights
Partner Obligations
Decision Making
Confidentiality
Non-Competition
Transfer Restrictions
Partner Admission
Partner Withdrawal
Partnership Dissolution
Financial Management
Accounting Records
Business Operations
Intellectual Property
Dispute Resolution
Governing Law
Force Majeure
Third Party Rights
Assignment
Amendments
Notices
Severability
Entire Agreement
Term and Termination
Bank Accounts
Partnership Property
Partner Representations
Indemnification
Retail
Professional Services
Trading
Manufacturing
Real Estate
Technology
Consulting
Food and Beverage
Healthcare
Education
Construction
Tourism and Hospitality
Media and Entertainment
Financial Services
Logistics and Transportation
Legal
Finance
Corporate Governance
Compliance
Business Development
Operations
Risk Management
Strategy
Corporate Affairs
Executive Leadership
Chief Executive Officer
Business Owner
Managing Partner
Legal Counsel
Chief Financial Officer
Business Development Manager
Corporate Lawyer
Company Secretary
Finance Director
Operations Manager
Risk Manager
Compliance Officer
Partnership Manager
Strategy Director
General Manager
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