The Partnership Agreement Contract serves as the foundational document for businesses operating as partnerships in Ireland. It is essential when two or more individuals or entities wish to establish a formal business partnership under Irish law. The agreement comprehensively addresses all aspects of the partnership relationship, from formation to dissolution, including capital contributions, profit sharing, management structure, and partner obligations. This document is crucial for compliance with the Partnership Act 1890 and other relevant Irish legislation, providing legal protection and clarity for all partners. It should be prepared with professional legal guidance to ensure it meets all regulatory requirements and effectively addresses the specific needs of the partnership.

1. Parties: Identifies all partners entering into the agreement, including their full legal names and addresses

2. Background: Outlines the context and purpose of forming the partnership

3. Definitions: Defines key terms used throughout the agreement

4. Partnership Name and Business: Specifies the partnership's trading name and primary business activities

5. Commencement and Term: States when the partnership begins and whether it has a fixed term or is ongoing

6. Capital Contributions: Details the initial and ongoing capital contributions required from each partner

7. Profit and Loss Sharing: Specifies how profits and losses will be distributed among partners

8. Management and Decision Making: Outlines management structure and voting rights for business decisions

9. Partners' Duties and Obligations: Defines the responsibilities and commitments of each partner

10. Banking and Financial Matters: Establishes banking arrangements and financial management procedures

11. Accounting and Records: Specifies requirements for maintaining partnership accounts and records

12. Admission of New Partners: Procedures for admitting new partners to the partnership

13. Retirement and Resignation: Process for voluntary exit from the partnership

14. Death or Incapacity: Procedures following death or incapacity of a partner

15. Dissolution: Circumstances and procedures for dissolving the partnership

16. Dispute Resolution: Procedures for resolving conflicts between partners

17. Governing Law: Confirms Irish law as governing law and jurisdiction

18. General Provisions: Standard boilerplate clauses including notices, amendments, and severability