Start Up Business Partnership Agreement for Hong Kong

Start Up Business Partnership Agreement Template for Hong Kong

A comprehensive legal document governed by Hong Kong law that establishes the foundation for a business partnership in a startup context. This agreement outlines the essential terms and conditions governing the relationship between founding partners, including capital contributions, profit sharing, management rights, decision-making processes, and intellectual property rights. It incorporates specific provisions aligned with Hong Kong's Partnership Ordinance and related business regulations, while addressing modern startup considerations such as equity vesting, technology development, and future investment provisions. The document serves as a crucial framework for protecting all partners' interests while enabling business growth and flexibility.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Start Up Business Partnership Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Start Up Business Partnership Agreement?

The Start Up Business Partnership Agreement is essential for entrepreneurs establishing a new business venture in Hong Kong's dynamic startup ecosystem. This document becomes necessary when two or more individuals or entities decide to form a partnership to pursue a business opportunity, particularly in innovative or technology-driven sectors. It addresses crucial aspects such as ownership structure, capital investments, profit sharing, management responsibilities, and intellectual property rights, all within the framework of Hong Kong's legal system, particularly the Partnership Ordinance (Cap. 38) and related business regulations. The agreement is designed to provide clarity and protection for all founding partners while maintaining flexibility for future growth, investment, and potential restructuring. It includes provisions for modern startup considerations such as equity vesting, technology development rights, and external investment preparation, making it particularly suitable for innovative ventures in Hong Kong's entrepreneurial landscape.

What sections should be included in a Start Up Business Partnership Agreement?

1. Parties: Identification and details of all founding partners entering into the agreement

2. Background: Context of the partnership formation, business objectives, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Structure: Legal structure, nature of partnership, and business scope

5. Capital Contributions: Initial and subsequent capital contributions, valuation of non-cash contributions

6. Ownership and Profit Sharing: Partnership interests, profit/loss allocation, and distribution policy

7. Management and Decision Making: Governance structure, voting rights, and decision-making processes

8. Partners' Duties and Obligations: Roles, responsibilities, and commitments of each partner

9. Intellectual Property Rights: Ownership and protection of IP created before and during the partnership

10. Confidentiality: Protection of confidential information and trade secrets

11. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees/clients

12. Addition and Withdrawal of Partners: Procedures for admitting new partners and handling partner exits

13. Transfer of Partnership Interests: Rules and restrictions on transferring ownership interests

14. Dispute Resolution: Procedures for resolving conflicts between partners

15. Term and Termination: Duration of partnership and grounds for termination

16. General Provisions: Standard legal clauses including governing law, notices, and amendments

What sections are optional to include in a Start Up Business Partnership Agreement?

1. Vesting Schedule: For partnerships with equity vesting arrangements, typically used in tech startups

2. Employee Stock Option Pool: When partners agree to set aside equity for future employee incentives

3. External Investment Provisions: For partnerships planning to seek venture capital or external investment

4. Technology Development: For tech startups, covering development responsibilities and ownership

5. International Operations: For startups planning to operate in multiple jurisdictions

6. Data Protection: Detailed provisions for handling personal and sensitive data

7. Environmental and Social Responsibility: For startups with specific environmental or social missions

8. Founder Full-Time Commitment: Requirements for founders' time commitment and outside activities

What schedules should be included in a Start Up Business Partnership Agreement?

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial capital contributions

2. Schedule 2: Business Plan: Initial business plan and strategic objectives

3. Schedule 3: Ownership Structure: Detailed cap table and ownership percentages

4. Schedule 4: Intellectual Property Register: List of existing IP assets brought into the partnership

5. Schedule 5: Management Responsibilities: Detailed allocation of management duties and responsibilities

6. Schedule 6: Reserved Matters: List of decisions requiring special majority or unanimous consent

7. Appendix A: Valuation Methodology: Agreed methods for valuing partnership interests

8. Appendix B: Financial Procedures: Detailed procedures for financial management and reporting

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Genie AI

Document Type

Advisory Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Technology and Software Development

E-commerce

Financial Technology

Professional Services

Digital Media and Entertainment

Healthcare Technology

Educational Technology

Biotechnology

Green Technology and Sustainability

Manufacturing and Hardware

Retail Innovation

Consulting Services

Creative Industries

Relevant Teams

Legal

Executive Leadership

Corporate Development

Finance

Operations

Business Development

Compliance

Risk Management

Corporate Governance

Strategy

Relevant Roles

Founder

Co-founder

Chief Executive Officer

Chief Technology Officer

Chief Financial Officer

Chief Operating Officer

Business Development Director

Legal Counsel

Company Secretary

Startup Lawyer

Investment Manager

Partnership Manager

Venture Capital Associate

Corporate Development Manager

Risk Manager

Compliance Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Agreement Between Consultant And Company

A Hong Kong law-governed agreement establishing the terms and conditions between a consultant and client company for professional services.

Download

Start Up Business Partnership Agreement

A Hong Kong-governed agreement establishing the terms and conditions for a startup business partnership, including ownership, management, and operational provisions.

Download

Finance SLA

A Hong Kong law-governed agreement defining performance standards and obligations for financial services delivery, compliant with HKMA and SFC requirements.

Download

Consulting Fee Contract

A Hong Kong law-governed agreement establishing terms, conditions, and fee structures for consulting services between consultants and clients.

Download

Constructive Trust Agreement

A Hong Kong law-governed agreement documenting a constructive trust relationship and establishing the rights and obligations of trustees and beneficiaries.

Download

Study Permit Application Form

A mandatory Immigration Department form for international students seeking permission to study in Hong Kong educational institutions under Hong Kong law.

Download

Advisory Board Agreement

Hong Kong-governed agreement establishing terms for advisory board membership, including roles, responsibilities, and compensation.

Download

Startup Advisor Agreement

A Hong Kong law-governed agreement defining the terms and conditions between a startup company and its advisor, including services, compensation, and obligations.

Download

Investment Advisor Contract

A Hong Kong law-governed agreement establishing terms for investment advisory services, compliant with SFC regulations.

Download

Advisory Shares Agreement

A Hong Kong law-governed agreement establishing advisory services terms in exchange for company shares, including vesting schedules and advisory responsibilities.

Download

Financial Consultant Contract

A Hong Kong law-governed contract establishing terms and conditions for financial consulting services, including regulatory compliance and professional obligations.

Download

Advisor Contract

A Hong Kong law-governed agreement establishing terms and conditions for professional advisory services between a company and an advisor.

Download

Business Acquisition Contract

A Hong Kong law-governed agreement documenting the terms and conditions for the acquisition of a business, including purchase terms, warranties, and transfer conditions.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now