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New Partnership Agreement
"I need a New Partnership Agreement under Belgian law for establishing a professional services firm with three equal partners, where all partners will have management rights and equal profit sharing, to be effective from March 1, 2025."
1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation and partners' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Structure: Legal form of partnership and its classification under Belgian law
5. Purpose and Objectives: Detailed description of partnership's business activities and goals
6. Capital Contributions: Details of initial and subsequent capital contributions by partners
7. Profit and Loss Sharing: Distribution of profits and losses among partners
8. Management and Decision Making: Management structure, voting rights, and decision-making processes
9. Partners' Rights and Obligations: Detailed responsibilities and rights of each partner
10. Banking and Financial Matters: Financial management procedures and banking arrangements
11. Accounts and Records: Requirements for maintaining partnership accounts and records
12. Transfer of Partnership Interest: Rules regarding transfer of partnership shares
13. Term and Termination: Duration of partnership and conditions for termination
14. Dispute Resolution: Procedures for resolving disputes between partners
15. Governing Law: Confirmation of Belgian law application and jurisdiction
1. Intellectual Property Rights: Management and ownership of IP when partnership involves intellectual property
2. Non-Competition and Confidentiality: Restrictions on competing activities and handling of confidential information
3. Insurance: Insurance requirements when partnership has specific risk exposures
4. Employee Matters: Employment policies and procedures if partnership will have employees
5. International Operations: Additional provisions for partnerships operating across borders
6. Environmental Compliance: Environmental obligations for partnerships in regulated industries
7. Digital Assets and Data Protection: Provisions for managing digital assets and GDPR compliance
8. Good Leaver/Bad Leaver Provisions: Specific terms for partner departure scenarios
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Schedule 2 - Business Plan: Initial business plan and financial projections
3. Schedule 3 - Partner Contact Details: Complete contact information for all partners
4. Schedule 4 - Management Structure: Detailed organizational chart and management responsibilities
5. Schedule 5 - Banking Mandates: Specified banking arrangements and authorized signatories
6. Schedule 6 - Intellectual Property Register: List of IP owned or used by the partnership
7. Schedule 7 - Partnership Assets: Inventory of partnership assets at formation
8. Appendix A - Required Regulatory Filings: List of necessary Belgian regulatory compliance documents
9. Appendix B - Partnership Policies: Key operational policies and procedures
Authors
Articles of Association
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Defaulting Partner
Effective Date
Encumbrance
Financial Year
Force Majeure
Initial Capital Contribution
Intellectual Property Rights
Management Board
Managing Partner
Material Breach
Partnership
Partnership Interest
Partnership Property
Partner
Percentage Interest
Profit and Loss
Quarter
Reserved Matters
Share
Silent Partner
Subsidiary
Tax
Territory
Transfer
Valuation
Working Capital
Belgian GAAP
Regulatory Authority
Competition Law
Good Industry Practice
Insolvency Event
Key Performance Indicators
Operating Expenses
Partnership Account
Related Party
Third Party
Formation of Partnership
Term and Duration
Capital Contributions
Partnership Interests
Additional Capital Contributions
Profit and Loss Distribution
Management Rights
Voting Rights
Decision Making
Partner Obligations
Banking Arrangements
Financial Records
Accounting
Tax Matters
Confidentiality
Non-Competition
Intellectual Property
Transfer Restrictions
Admission of New Partners
Partner Withdrawal
Partner Expulsion
Good Leaver/Bad Leaver
Death or Incapacity
Partnership Property
Business Operations
Representations and Warranties
Indemnification
Insurance
Force Majeure
Termination
Dissolution
Dispute Resolution
Governing Law
Assignment
Notices
Amendment
Severability
Entire Agreement
Data Protection
Anti-Money Laundering
Competition Law Compliance
Environmental Compliance
Employment Matters
Professional Services
Technology
Consulting
Real Estate
Healthcare
Manufacturing
Retail
Agriculture
Financial Services
Creative Industries
Construction
Education
Hospitality
Legal Services
Engineering
Legal
Corporate Affairs
Finance
Compliance
Risk Management
Business Development
Operations
Strategy
Corporate Governance
Executive Leadership
Chief Executive Officer
Managing Director
Business Development Manager
Legal Counsel
Chief Financial Officer
Partnership Manager
Corporate Lawyer
Business Owner
Entrepreneur
Managing Partner
Company Secretary
Compliance Officer
Risk Manager
Operations Director
Finance Director
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