50 50 Partnership Agreement Template for Austria

1. Non-Competition and Non-Solicitation: Restrictions on partners competing with the partnership or soliciting employees/clients, used when intellectual property or client relationships are crucial

2. Intellectual Property Rights: Ownership and management of IP created during the partnership, important for knowledge-based businesses

3. Insurance: Required insurance coverage and responsibilities, relevant for high-risk businesses

4. Alternative Dispute Resolution: Mediation or arbitration procedures, useful for partners wanting to avoid court proceedings

5. Good/Bad Leaver Provisions: Consequences of voluntary or forced partner departure, important for professional service partnerships

6. Partnership Expansion: Procedures for admitting new partners, useful if future growth is anticipated

7. Business Continuation: Procedures in case of death or incapacity of a partner, important for family businesses or professional partnerships

1. Schedule 1: Initial Capital Contributions: Detailed list of cash, assets, or services contributed by each partner

2. Schedule 2: Business Plan: Initial business plan and strategic objectives

3. Schedule 3: Partner Contact Details: Complete contact information and notice details for each partner

4. Schedule 4: Banking Arrangements: Details of partnership bank accounts and authorized signatories

5. Schedule 5: Accounting Policies: Agreed accounting principles and practices

6. Appendix A: Partnership Registration Documents: Copies of official registration documents and licenses

7. Appendix B: Asset Inventory: Detailed inventory of partnership assets and their agreed values