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1. Parties: Identifies the active partner(s) and silent partner, including full legal names and addresses
2. Background: Outlines the context of the agreement, including the business purpose and intention to form a silent partnership
3. Definitions: Defines key terms used throughout the agreement
4. Partnership Structure: Details the nature of the silent partnership, confirming the silent partner's non-involvement in management
5. Capital Contributions: Specifies initial and any ongoing capital contributions from all partners
6. Profit and Loss Sharing: Details the agreed split of profits and losses between partners
7. Management and Control: Clarifies that active partner(s) have exclusive management rights and decision-making authority
8. Confidentiality: Establishes the confidential nature of the silent partner's involvement and related obligations
9. Financial Records and Reporting: Outlines financial reporting obligations to the silent partner
10. Term and Termination: Specifies the duration of the partnership and conditions for termination
11. Distribution of Assets: Describes how assets will be distributed upon dissolution
12. Governing Law: Specifies that Australian law governs the agreement
13. Dispute Resolution: Sets out the process for resolving disputes between partners
1. Non-Competition: Restricts partners from competing with the partnership - include when partners have other business interests
2. Death or Incapacity: Addresses succession planning - important for family businesses or when partners are individuals rather than entities
3. Insurance Requirements: Specifies required insurance coverage - include when business activities carry significant risks
4. Intellectual Property Rights: Addresses ownership and use of IP - include when the business involves significant IP assets
5. Additional Capital Calls: Procedures for requesting additional capital - include when future capital needs are anticipated
6. Transfer of Interest: Rules for transferring partnership interests - include when transfer restrictions are needed
7. Tag-Along Rights: Allows silent partner to join in sale of business - include when exit strategy is important
8. Drag-Along Rights: Requires silent partner to join in sale of business - include when future sale is contemplated
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule 2 - Profit Sharing Formula: Detailed calculation method for profit distribution
3. Schedule 3 - Business Plan: Initial business plan and strategy
4. Schedule 4 - Financial Reporting Requirements: Specific requirements for financial reports and their frequency
5. Schedule 5 - Prohibited Activities: List of activities requiring silent partner consultation or approval
6. Appendix A - Partner Details: Detailed information about all partners including contact details and tax information
7. Appendix B - Confidentiality Terms: Detailed confidentiality provisions and procedures
Agreement
Business
Business Day
Business Hours
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Control
Dissolution Event
Distribution
Effective Date
Encumbrance
Financial Records
Financial Year
Force Majeure Event
Insolvency Event
Intellectual Property Rights
Interest Rate
Law
Management Rights
Material Adverse Change
Net Profit
Partnership
Partnership Assets
Partnership Interest
Profit Share
Quarter
Related Entity
Representative
Silent Partner
Special Resolution
Term
Territory
Transfer
Valuation Date
Working Capital
Partnership Formation
Term
Capital Contribution
Profit and Loss Sharing
Distribution of Profits
Management Rights
Silent Partner Restrictions
Confidentiality
Non-Competition
Financial Records
Reporting Requirements
Bank Accounts
Tax Matters
Insurance
Intellectual Property
Transfer Restrictions
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Death and Disability
Termination
Dissolution
Asset Distribution
Dispute Resolution
Force Majeure
Representations and Warranties
Indemnification
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Real Estate
Hospitality
Retail
Technology Startups
Manufacturing
Professional Services
Agriculture
Mining
Entertainment
Construction
Food and Beverage
E-commerce
Legal
Finance
Corporate Development
Executive Leadership
Investment
Tax
Compliance
Business Development
Company Secretariat
Risk Management
Business Owner
Managing Director
Chief Executive Officer
Chief Financial Officer
Investment Manager
Private Equity Manager
Business Development Manager
Corporate Lawyer
Legal Counsel
Partnership Manager
Venture Capitalist
Financial Controller
Company Secretary
Business Advisor
Tax Accountant
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