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1. Parties: Identification of all partners, including full names, addresses, and Hong Kong ID/passport numbers
2. Background: Brief context of why the partnership is being formed and the general business purpose
3. Definitions: Key terms used throughout the agreement
4. Partnership Business: Detailed description of the business activities to be conducted by the partnership
5. Capital Contributions: Initial and ongoing capital contributions required from each partner
6. Profit and Loss Sharing: How profits and losses will be distributed among partners
7. Management and Decision Making: Day-to-day management responsibilities and how decisions will be made
8. Banking and Financial Matters: Banking arrangements and financial management procedures
9. Partners' Duties and Obligations: Core responsibilities and commitments of each partner
10. Term and Termination: Duration of the partnership and circumstances for termination
11. Governing Law: Confirmation that the agreement is governed by Hong Kong law
1. Non-Competition: Restrictions on partners engaging in competing businesses - include when partners have other business interests
2. Intellectual Property: Ownership and use of IP - include when the business involves creative works, technology, or brands
3. Additional Capital Calls: Process for requesting additional capital - include for businesses likely to need future funding
4. Dispute Resolution: Detailed process for resolving disagreements - include for larger or more complex partnerships
5. Insurance: Required insurance coverage - include for businesses with significant risks or assets
6. Death or Incapacity: Procedures following death or incapacity of a partner - include for longer-term partnerships
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions, including cash, assets, or services
2. Schedule 2 - Profit Sharing Ratios: Specific percentages or formulas for profit and loss distribution
3. Schedule 3 - Business Plan: Initial business plan and strategy (if applicable)
4. Appendix A - Partner Contact Details: Complete contact information for all partners and key representatives
5. Appendix B - Banking Arrangements: Details of partnership bank accounts and authorized signatories
Business
Business Day
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Financial Year
Initial Capital
Intellectual Property Rights
Net Profits
Partner
Partnership
Partnership Assets
Partnership Bank Account
Profit and Loss Account
Reserved Matters
Territory
Working Capital
Partnership Formation
Term
Business of the Partnership
Capital Contributions
Banking Arrangements
Accounting and Records
Management Rights
Decision Making
Profit and Loss Sharing
Partner Duties
Confidentiality
Non-Competition
Intellectual Property
Addition of Partners
Retirement and Resignation
Death or Incapacity
Termination
Partnership Property
Dispute Resolution
Notices
Force Majeure
Governing Law
Severability
Entire Agreement
Amendments
Assignment
Retail
Professional Services
Technology
Food & Beverage
Creative Industries
Consulting
E-commerce
Trading
Real Estate
Education
Healthcare Services
Digital Marketing
Small Manufacturing
Import/Export
Legal
Compliance
Finance
Operations
Business Development
Risk Management
Corporate Secretarial
Strategy
Commercial
Business Owner
Managing Partner
Entrepreneur
Small Business Manager
Start-up Founder
Legal Counsel
Business Development Manager
Financial Controller
Operations Manager
Professional Service Provider
Company Secretary
Risk Manager
Partnership Manager
Compliance Officer
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