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Partnership Contract Agreement
"I need a Partnership Contract Agreement under Austrian law for establishing a general partnership (OG) between three partners in the IT consulting sector, with equal profit sharing and management rights, planned to commence on March 1, 2025."
1. Parties: Identification and details of all partners entering the partnership
2. Background: Context of the partnership formation and partners' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership formation, type of partnership (e.g., OG, KG), and commencement date
5. Business Purpose: Detailed description of the partnership's business activities and objectives
6. Capital Contributions: Details of initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Distribution of profits and losses among partners
8. Management and Control: Partnership management structure and decision-making processes
9. Partners' Rights and Obligations: Detailed rights and responsibilities of all partners
10. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial management
11. Duration and Termination: Term of partnership and conditions for termination
12. Governing Law: Confirmation of Austrian law application and jurisdiction
13. Dispute Resolution: Procedures for resolving disputes between partners
14. Signatures: Execution section for all partners' signatures
1. Intellectual Property Rights: Required when the partnership involves significant IP assets or development
2. Non-Competition: Relevant when partners need to be restricted from competing activities
3. Succession Planning: Important for family businesses or long-term partnerships
4. Insurance: Required when specific insurance coverage needs to be maintained
5. Employee Management: Necessary when the partnership will have employees
6. Marketing and Branding: Required when the partnership involves significant brand development
7. Confidentiality: Important when dealing with sensitive business information
8. Force Majeure: Recommended for partnerships with significant operational risks
1. Schedule A - Capital Contributions: Detailed breakdown of each partner's capital contributions
2. Schedule B - Profit Sharing Ratios: Specific percentages and calculations for profit distribution
3. Schedule C - Partner Information: Detailed information about each partner including contact details
4. Schedule D - Business Plan: Initial business plan and strategic objectives
5. Schedule E - Asset Register: List of partnership assets and their values
6. Appendix 1 - Management Procedures: Detailed procedures for day-to-day management
7. Appendix 2 - Banking Mandates: Banking arrangements and authorized signatories
8. Appendix 3 - Property Details: Details of any property owned or leased by the partnership
Authors
Partnership
Business
Partners
General Partner
Limited Partner
Partnership Interest
Capital Account
Capital Contribution
Initial Capital
Additional Capital
Business Day
Business Year
Commencement Date
Confidential Information
Default Event
Distribution
Financial Year
Firmenbuch
Force Majeure Event
Geschäftsführung
Intellectual Property Rights
Management Board
Material Breach
Net Profit
Net Loss
Partnership Assets
Partnership Property
Percentage Interest
Profit Share
Related Party
Reserved Matters
Transfer
Vertretung
Withdrawal Notice
Working Capital
Territory
Term
Termination Date
Applicable Law
Definitions
Capital Contributions
Profit and Loss Sharing
Management Rights
Voting Rights
Partner Obligations
Partnership Property
Banking Arrangements
Accounting and Records
Confidentiality
Non-Competition
Intellectual Property
Decision Making
Transfer of Interest
Death of Partner
Withdrawal
Termination
Dispute Resolution
Force Majeure
Notices
Governing Law
Amendment
Assignment
Severability
Entire Agreement
Further Assurance
Partnership Name
Business Purpose
Duration
Partner Meetings
Distribution Policy
New Partners
Exit Provisions
Insurance
Indemnification
Compliance
Third Party Rights
Partnership Dissolution
Asset Distribution
Professional Services
Retail
Manufacturing
Construction
Technology
Healthcare
Real Estate
Hospitality
Agriculture
Consulting
Financial Services
Creative Industries
Trading
Distribution
Family Businesses
Legal
Corporate Affairs
Finance
Compliance
Business Development
Risk Management
Operations
Administrative
Partner Relations
Document Management
Managing Partner
General Partner
Limited Partner
Business Owner
CEO
Legal Counsel
Corporate Lawyer
Business Development Manager
Finance Director
Company Secretary
Managing Director
Compliance Officer
Partnership Administrator
Risk Manager
Operations Director
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