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1. Parties: Identifies all partners entering into the agreement with their full legal names and addresses
2. Background: Outlines the context and purpose of forming the partnership, including any relevant business history
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Partnership Formation: Establishes the creation of the partnership, its name, business purpose, and commencement date
5. Capital Contributions: Details the initial and any agreed future capital contributions from each partner
6. Profit and Loss Sharing: Specifies how profits and losses will be distributed among partners
7. Management and Decision Making: Outlines management structure, voting rights, and decision-making processes
8. Partners' Duties and Obligations: Details the responsibilities, commitments, and expectations of each partner
9. Banking and Financial Records: Specifies banking arrangements and requirements for maintaining financial records
10. Addition and Withdrawal of Partners: Procedures for admitting new partners and handling partner withdrawals
11. Dissolution and Termination: Conditions and procedures for dissolving the partnership
12. Dispute Resolution: Processes for resolving conflicts between partners
13. Governing Law: Specifies that the agreement is governed by Australian law and relevant jurisdiction
1. Non-Competition and Confidentiality: Restrictions on partners competing with the partnership and handling confidential information
2. Intellectual Property Rights: Addresses ownership and usage of IP created during the partnership
3. Insurance Requirements: Specifies required insurance coverage for the partnership
4. Death or Incapacity: Procedures for handling a partner's death or incapacity
5. External Activities: Rules regarding partners' involvement in other business activities
6. Partnership Property: Specific provisions for handling partnership assets and property
7. Good Faith and Fair Dealing: Additional provisions on partner conduct and ethical behavior
8. Force Majeure: Provisions for handling unforeseen circumstances affecting the partnership
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Schedule 2 - Profit Sharing Ratios: Specific percentages or formulas for profit and loss distribution
3. Schedule 3 - Business Plan: Initial business plan and strategic objectives
4. Schedule 4 - Partner Contact Details: Complete contact information for all partners
5. Schedule 5 - Partnership Assets: Inventory of partnership assets and their agreed values
6. Schedule 6 - Management Responsibilities: Detailed allocation of management duties and responsibilities
7. Appendix A - Partnership Policies: Key operational policies and procedures
8. Appendix B - Required Insurances: List of required insurance policies and coverage levels
Partnership
Partners
Business
Business Day
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Financial Year
Initial Capital
Intellectual Property
Material Decision
Net Profit
Partnership Assets
Partnership Interest
Partnership Property
Profit and Loss Account
Related Party
Resolution
Special Resolution
Territory
Third Party
Working Capital
Managing Partner
Partnership Bank Account
Business Plan
Force Majeure Event
Insolvency Event
Distribution
Good Faith
Ordinary Resolution
Partnership Books
Term
Transfer
Withdrawal Notice
Associated Entity
Business Hours
GST
Capital Contributions
Profit and Loss Sharing
Management Rights
Decision Making
Partner Duties
Financial Management
Banking Arrangements
Accounting and Records
Confidentiality
Non-Competition
Intellectual Property
Addition of Partners
Withdrawal of Partners
Death or Incapacity
Transfer of Interest
Partnership Property
Dispute Resolution
Termination
Dissolution
Force Majeure
Governing Law
Representations and Warranties
Insurance
Indemnification
External Activities
Business Name and Branding
Partnership Meetings
Good Faith and Fair Dealing
Notices
Amendment Procedures
Severability
Entire Agreement
Assignment
Third Party Rights
Compliance with Laws
GST and Taxation
Professional Services
Retail
Manufacturing
Construction
Technology
Agriculture
Healthcare
Hospitality
Real Estate
Consulting
Creative Industries
Trading
Import/Export
Education
Financial Services
Legal
Finance
Executive Leadership
Business Development
Operations
Commercial
Risk Management
Compliance
Corporate Governance
Strategy
Business Owner
Managing Partner
CEO
Legal Counsel
Business Development Manager
Chief Financial Officer
Company Secretary
Operations Manager
Professional Partner
Entrepreneur
Small Business Owner
General Counsel
Commercial Director
Managing Director
Finance Director
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