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1. Parties: Identification and details of all partners
2. Background: Context and purpose of the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal form and nature of the partnership
5. Profit Sharing Ratio: Detailed breakdown of how profits will be distributed
6. Capital Contributions: Initial and ongoing capital requirements
7. Management Rights: Decision-making processes and authority levels
8. Term and Termination: Duration and conditions for ending the partnership
1. Non-Competition: Restrictions on competing activities - use when partners may have competing interests
2. Intellectual Property Rights: Ownership and use of IP - include when partnership involves creation or use of IP
3. International Operations: Cross-border activities provisions - include for partnerships operating in multiple jurisdictions
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial investment
2. Schedule 2: Profit Distribution Formula: Mathematical formula and examples of profit sharing calculations
3. Schedule 3: Partner Details: Complete partner information including contact details
4. Appendix A: Partnership Business Plan: Initial business objectives and strategies
5. Appendix B: Banking Arrangements: Details of partnership bank accounts and signing authorities
Business
Business Day
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Current Account
Default Event
Distribution
Financial Year
GAAP
Insolvency Event
Intellectual Property Rights
Management Committee
Managing Partner
Net Profits
Partner
Partnership
Partnership Assets
Partnership Interest
Profit Share
Profit Sharing Ratio
Quarter
Reserved Matters
Senior Partner
Tax
Territory
Transfer
Withdrawal Notice
Partnership Formation
Capital Contributions
Profit Sharing
Loss Allocation
Management Rights
Decision Making
Banking Arrangements
Accounting
Partnership Property
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Partner Duties
Partner Authority
New Partners
Retirement
Death of Partner
Expulsion
Dissolution
Termination
Good Faith
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Governing Law
Jurisdiction
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