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1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation, history if relevant, and purpose of the agreement
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation
4. Partnership Structure: Legal structure, nature of partnership, and relationship between partners
5. Capital Contributions: Initial and ongoing capital contributions, valuation methods, and capital accounts
6. Profit and Loss Sharing: Distribution of profits, allocation of losses, and drawing rights
7. Management and Decision Making: Governance structure, voting rights, and decision-making processes
8. Partner Rights and Obligations: Core responsibilities, duties, and rights of all partners
9. Financial Management: Banking, accounting practices, financial reporting, and audit requirements
10. Admission of New Partners: Process and conditions for admitting new partners
11. Transfer of Partnership Interest: Rules and procedures for transferring partnership interests
12. Exit Provisions: Retirement, resignation, and removal of partners
13. Valuation: Methods for valuing partnership interests and business assets
14. Dissolution and Winding Up: Circumstances and procedures for partnership dissolution
15. Dispute Resolution: Procedures for resolving partner disputes and deadlocks
16. General Provisions: Standard boilerplate clauses including governing law, notices, and amendments
1. Intellectual Property: For partnerships involving significant IP assets or professional services
2. Non-Competition and Non-Solicitation: For partnerships where protecting business interests is crucial
3. International Operations: For partnerships operating across multiple jurisdictions
4. Professional Indemnity: For professional service partnerships
5. Good Faith and Ethics: Detailed ethical obligations for regulated professions
6. Partner Leave and Absence: For larger partnerships needing formal leave policies
7. Insurance Requirements: Detailed insurance obligations beyond standard coverage
8. Technology and Data Protection: For partnerships handling sensitive data or technology-based businesses
9. Marketing and Branding: For partnerships with significant brand value or marketing requirements
10. Environmental and Social Responsibility: For partnerships with specific sustainability or social impact goals
1. Schedule 1 - Partner Details: Complete information about each partner including contact details and professional qualifications
2. Schedule 2 - Initial Capital Contributions: Detailed listing of each partner's initial capital contributions, including valuations
3. Schedule 3 - Profit Sharing Ratios: Detailed breakdown of profit and loss sharing arrangements
4. Schedule 4 - Management Structure: Organizational chart and detailed management responsibilities
5. Schedule 5 - Valuation Methodology: Detailed procedures and formulas for business and interest valuation
6. Schedule 6 - Partnership Assets: Complete inventory of partnership assets and their allocated values
7. Schedule 7 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
8. Appendix A - Partnership Policies: Key operational policies and procedures
9. Appendix B - Required Resolutions: Standard form resolutions for common partnership decisions
10. Appendix C - Compliance Checklist: Regulatory and operational compliance requirements
Act
Agreed Value
Annual Budget
Applicable Laws
Approved Bank
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Current Account
Default Event
Defaulting Partner
Drawing Rights
Effective Date
Equity Interest
Equity Partner
Fair Market Value
Financial Year
Fixed Capital
Good Faith
Goodwill
Governing Body
Initial Capital Contribution
Intellectual Property Rights
Junior Partner
Key Performance Indicators
Managing Partner
Material Breach
Net Profit
New Partner
Notice
Outgoing Partner
Partnership
Partnership Agreement
Partnership Assets
Partnership Board
Partnership Committee
Partnership Interest
Partnership Property
Partnership Share
Profit Share
Qualifying Period
Related Entity
Relevant Interest
Reserved Matters
Retiring Partner
Senior Partner
Special Resolution
Termination Date
Transfer
Undrawn Profits
Valuation Date
Working Capital
Partnership Term
Nature of Business
Capital Contributions
Additional Capital
Partnership Interests
Profit and Loss Distribution
Drawing Rights
Management Structure
Decision Making
Voting Rights
Partner Duties
Fiduciary Obligations
Financial Management
Banking Arrangements
Accounting and Records
Audit Requirements
Insurance
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Admission of Partners
Transfer of Interest
Partner Retirement
Partner Removal
Death or Incapacity
Valuation Methodology
Buy-Out Provisions
Good Leaver/Bad Leaver
Partnership Property
Asset Management
Business Name
Partner Meetings
Reserved Matters
Competition Restrictions
Professional Standards
Indemnification
Force Majeure
Dispute Resolution
Mediation
Arbitration
Partnership Dissolution
Winding Up
Governing Law
Amendments
Notices
Severability
Entire Agreement
Further Assurance
Legal Services
Accounting and Financial Services
Medical and Healthcare Practices
Architecture and Design
Engineering Consultancies
Management Consulting
Real Estate Services
Information Technology Services
Creative and Media Agencies
Professional Services
Environmental Consulting
Business Advisory Services
Legal
Finance
Corporate Governance
Executive Leadership
Administration
Compliance
Business Development
Operations
Risk Management
Partnership Management
Managing Partner
Senior Partner
Equity Partner
Partnership Board Member
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Legal Counsel
Corporate Secretary
Finance Director
Managing Director
Business Development Director
Professional Practice Manager
Partnership Administrator
Compliance Officer
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