The Corporation Partnership Agreement is essential when two or more companies wish to formalize their business relationship under English and Welsh law. This document is particularly crucial for establishing joint ventures, strategic alliances, or collaborative business operations. It addresses key aspects such as capital investment, profit distribution, governance structure, and risk allocation between corporate partners. The agreement must comply with both the Partnership Act 1890 and Companies Act 2006, ensuring proper corporate governance while maintaining flexibility for business operations.
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1. Parties: Identification and details of all partnership members
2. Background: Context and purpose of the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal form and organization of the partnership
5. Capital Contributions: Initial and ongoing capital requirements
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management and Decision Making: Governance structure and voting rights
8. Duration and Termination: Term of partnership and exit provisions
1. Intellectual Property Rights: IP ownership and licensing arrangements - include when partnership involves creation or use of IP
2. Non-Competition: Restrictions on competitive activities - include when partners need to be restricted from competing
3. International Operations: Cross-border business provisions - include when partnership operates in multiple jurisdictions
4. Regulatory Compliance: Industry-specific compliance requirements - include when operating in regulated industries
1. Schedule 1: Capital Contributions: Detailed breakdown of partner contributions
2. Schedule 2: Business Plan: Initial business plan and strategy
3. Schedule 3: Partner Information: Detailed information about each partner
4. Schedule 4: Asset Register: List of partnership assets and ownership details
5. Appendix A: Voting Procedures: Detailed voting and decision-making procedures
6. Appendix B: Financial Procedures: Accounting and financial management procedures
Relevant legal definitions
Affiliate
Agreement
Board
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Control
Corporate Partner
Deadlock
Directors
Distribution
Effective Date
Encumbrance
Financial Year
Force Majeure Event
Group
Initial Capital Contribution
Insolvency Event
Intellectual Property Rights
Law
Management Board
Material Breach
Member
Operating Costs
Parent Company
Partnership
Partnership Assets
Partnership Interest
Partnership Share
Profit and Loss
Quarter
Regulatory Authority
Related Party
Reserved Matters
Senior Management
Shareholder
Subsidiary
Tax
Territory
Transfer
Voting Rights
Agreement
Board
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Control
Corporate Partner
Deadlock
Directors
Distribution
Effective Date
Encumbrance
Financial Year
Force Majeure Event
Group
Initial Capital Contribution
Insolvency Event
Intellectual Property Rights
Law
Management Board
Material Breach
Member
Operating Costs
Parent Company
Partnership
Partnership Assets
Partnership Interest
Partnership Share
Profit and Loss
Quarter
Regulatory Authority
Related Party
Reserved Matters
Senior Management
Shareholder
Subsidiary
Tax
Territory
Transfer
Voting Rights
Clauses
Definitions and Interpretation
Formation of Partnership
Business of Partnership
Capital Contributions
Additional Capital
Profit and Loss Distribution
Banking and Financial Matters
Management Structure
Decision Making
Reserved Matters
Meetings
Voting Rights
Business Plan
Accounting and Records
Tax Matters
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Transfer of Interest
Admission of New Partners
Exit Provisions
Deadlock Resolution
Force Majeure
Term and Termination
Consequences of Termination
Buy-out Provisions
Insolvency Events
Representations and Warranties
Indemnification
Insurance
Dispute Resolution
Governing Law
Notices
Assignment
Entire Agreement
Severability
Amendments
Third Party Rights
Costs and Expenses
Further Assurance
Formation of Partnership
Business of Partnership
Capital Contributions
Additional Capital
Profit and Loss Distribution
Banking and Financial Matters
Management Structure
Decision Making
Reserved Matters
Meetings
Voting Rights
Business Plan
Accounting and Records
Tax Matters
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Transfer of Interest
Admission of New Partners
Exit Provisions
Deadlock Resolution
Force Majeure
Term and Termination
Consequences of Termination
Buy-out Provisions
Insolvency Events
Representations and Warranties
Indemnification
Insurance
Dispute Resolution
Governing Law
Notices
Assignment
Entire Agreement
Severability
Amendments
Third Party Rights
Costs and Expenses
Further Assurance
Relevant Industries
Relevant Teams
Relevant Roles
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