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1. Parties: Identification and details of all potential partners entering into the preliminary agreement
2. Background: Context of the proposed partnership, including the business purpose and reasons for entering into the preliminary agreement
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Purpose and Scope: Outline of the intended business activities and scope of the proposed partnership
5. Duration: Term of the preliminary agreement and conditions for conversion to a full partnership agreement
6. Confidentiality: Obligations regarding confidential information shared during the preliminary period
7. Due Diligence: Framework for information sharing and evaluation process
8. Initial Contributions: Proposed or agreed initial capital contributions or assets to be contributed by each party
9. Decision Making: Process for making decisions during the preliminary period
10. Costs and Expenses: Allocation of costs incurred during the preliminary period
11. Termination: Circumstances and process for terminating the preliminary agreement
12. Governing Law: Specification of Australian law as governing law and jurisdiction
1. Non-Competition: Restrictions on competing activities during and after the preliminary period, used when parties are potential competitors
2. Intellectual Property: Ownership and usage rights of IP during the preliminary period, included when IP is a significant aspect of the proposed business
3. External Funding: Terms regarding seeking and securing external funding, included when external financing is contemplated
4. Key Personnel: Identification of key individuals and their roles, used when specific expertise or personnel are crucial to the partnership
5. Regulatory Compliance: Specific regulatory requirements and compliance obligations, included for regulated industries
6. Dispute Resolution: Detailed dispute resolution procedures, included when parties want specific resolution mechanisms
7. Insurance: Insurance requirements during the preliminary period, included when significant risks need to be covered
1. Schedule 1 - Business Plan: Preliminary business plan outlining proposed operations and objectives
2. Schedule 2 - Initial Capital Contributions: Detailed breakdown of proposed capital contributions from each party
3. Schedule 3 - Due Diligence Requirements: List of required documentation and information for due diligence
4. Schedule 4 - Proposed Partnership Structure: Organizational chart and management structure of the proposed partnership
5. Schedule 5 - Key Milestones: Timeline of key dates and milestones for establishing the full partnership
6. Appendix A - Confidentiality Terms: Detailed confidentiality obligations and procedures
7. Appendix B - Required Regulatory Approvals: List of necessary regulatory approvals and licenses
Proposed Partnership
Business
Business Day
Business Plan
Commencement Date
Confidential Information
Contributing Party
Due Diligence Period
Due Diligence Information
Effective Date
Evaluation Period
Initial Capital Contribution
Intellectual Property
Key Personnel
Material Adverse Change
Parties
Preliminary Period
Proposed Business Activities
Related Entity
Representatives
Negotiation Period
Partnership Assets
Completion Date
Conditions Precedent
Permitted Purpose
Professional Advisers
Regulatory Approvals
Term
Termination Date
Third Party
Proposed Partnership Interest
Due Diligence
Initial Capital Contribution
Decision Making
Cost Sharing
Non-Competition
Non-Solicitation
Intellectual Property
Partnership Scope
Term and Termination
Representations and Warranties
Dispute Resolution
Governing Law
Force Majeure
Assignment
Notices
Entire Agreement
Amendment
Severability
Good Faith
Authority
Business Operations
Exit Rights
Further Assurance
Regulatory Compliance
Insurance
Third Party Rights
Costs and Expenses
Indemnification
Liability
Professional Services
Real Estate & Property
Technology
Manufacturing
Retail
Healthcare
Construction
Financial Services
Agriculture
Education
Hospitality
Mining
Transport & Logistics
Creative Industries
Legal
Business Development
Finance
Executive Leadership
Compliance
Risk Management
Commercial
Operations
Strategy
Corporate Governance
Business Owner
Managing Director
Chief Executive Officer
Legal Counsel
Business Development Manager
Chief Financial Officer
Company Secretary
Partnership Manager
Commercial Director
Risk Manager
Compliance Officer
Operations Director
Strategic Planning Manager
Investment Manager
Professional Partner
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