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1. Parties: Identification of all partners with full legal names, nationalities, and addresses
2. Background: Context of the partnership formation and partners' intention to establish an LLP
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Formation and Name: Declaration of partnership formation, partnership name, and trade name registration details
5. Term and Duration: Duration of the partnership and conditions for renewal
6. Partnership Capital: Details of total capital, partner contributions, and allocation of partnership interests
7. Business of the Partnership: Scope of partnership business activities and limitations
8. Management Structure: Management arrangements, appointment of managers, and decision-making processes
9. Partners' Rights and Obligations: Detailed rights, duties, and responsibilities of all partners
10. Financial Matters: Financial year, accounts, auditing requirements, and distribution of profits and losses
11. Partner Meetings: Procedures for partner meetings, voting rights, and quorum requirements
12. Transfer of Partnership Interests: Rules and restrictions regarding transfer of partnership interests
13. Termination and Dissolution: Grounds for termination, dissolution procedures, and asset distribution
14. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
15. Notices: Process for serving notices and communications between partners
16. General Provisions: Miscellaneous legal provisions including severability, entire agreement, and amendments
1. Non-Competition and Confidentiality: Restrictions on partners' competitive activities and confidentiality obligations, used when specific protection of business interests is required
2. Intellectual Property Rights: Provisions regarding ownership and use of IP, included when the partnership involves significant IP assets
3. Partner Insurance: Requirements for life or key person insurance, relevant when partners want additional security
4. Foreign Ownership Provisions: Special provisions required when foreign partners are involved, addressing compliance with UAE foreign ownership rules
5. Professional Indemnity: Specific indemnity provisions for professional partnerships offering regulated services
6. Branch Offices: Provisions for establishing and managing branch offices, included when geographic expansion is contemplated
7. Shariah Compliance: Additional provisions ensuring compliance with Shariah principles, if required by the partners
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's capital contributions, including nature and value
2. Schedule 2 - Initial Business Plan: Detailed business plan including projected financials and operational strategy
3. Schedule 3 - Management Procedures: Detailed procedures for day-to-day management and decision-making
4. Schedule 4 - Profit Sharing Ratios: Detailed allocation of profit and loss sharing between partners
5. Schedule 5 - Property Schedule: List of partnership property and assets, including any intellectual property
6. Appendix A - Partner Details: Comprehensive information about each partner, including contact details and professional qualifications
7. Appendix B - Required Licenses: List of licenses and permits required for partnership operation
8. Appendix C - Professional Insurance Details: Details of required insurance policies and coverage levels
Affiliate
Annual General Meeting
Applicable Law
Articles of Partnership
Authorized Representative
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Commercial License
Confidential Information
Default Event
Department of Economic Development
Designated Partner
Distributable Profits
Encumbrance
Financial Year
Foreign Partner
Governing Body
Initial Capital
Intellectual Property Rights
Local Partner
Management Committee
Managing Partner
Ministry
Partnership
Partnership Agreement
Partnership Interest
Partnership Property
Professional License
Profit and Loss Account
Quarter
Regulatory Authority
Related Party
Reserved Matters
Resolution
Share Capital
Shariah Principles
Special Resolution
Statutory Books
Tax Year
Term
Territory
Trade License
Transfer
UAE
UAE Companies Law
Working Capital
Partnership Name
Duration
Capital Contribution
Partner Admission
Management Structure
Decision Making
Voting Rights
Profit Distribution
Loss Allocation
Financial Records
Partner Meetings
Confidentiality
Non-Competition
Intellectual Property
Transfer of Interest
Partner Exit
Partner Death
Dissolution
Termination
Dispute Resolution
Governing Law
Force Majeure
Amendments
Notices
Partner Obligations
Business Scope
Compliance
Bank Accounts
Audit Requirements
Insurance
Employment
Third Party Rights
Severability
Assignment
Entire Agreement
Professional Conduct
Foreign Ownership
Local Partnership Requirements
Business Licenses
Partnership Property
Partner Liability
Indemnification
Default Events
Shariah Compliance
Partnership Records
Branch Offices
Power of Attorney
Arbitration
Waiver
Professional Services
Legal Services
Accounting and Audit
Management Consulting
Architecture and Engineering
Healthcare Services
Information Technology
Real Estate Services
Financial Advisory
Business Consulting
Education and Training
Legal
Corporate Affairs
Compliance
Finance
Operations
Risk Management
Business Development
Company Secretariat
Partnership Administration
Executive Leadership
Managing Partner
Legal Counsel
Corporate Lawyer
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Company Secretary
Compliance Officer
Professional Partner
Operations Director
Senior Partner
Partnership Administrator
Business Formation Specialist
Commercial Director
Risk Manager
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