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1. Parties: Identification and details of all partners entering the partnership agreement
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Name and Business: Official name of the partnership and nature of business to be conducted
5. Term and Commencement: Duration of the partnership and its start date
6. Capital Contributions: Initial and ongoing capital contributions by each partner
7. Profit and Loss Sharing: Ratio and method of distributing profits and losses among partners
8. Management and Decision Making: Partners' roles, responsibilities, and voting rights in management decisions
9. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial management policies
10. Admission and Retirement of Partners: Procedures for adding new partners or handling partner retirement
11. Death or Incapacity of Partners: Procedures to follow in case of death or incapacity of any partner
12. Dissolution and Termination: Circumstances and procedures for partnership dissolution
13. Dispute Resolution: Methods for resolving disputes between partners
14. Governing Law: Specification of Indian law as governing law and jurisdiction
1. Non-Compete and Confidentiality: Restrictions on partners' competing activities and handling of confidential information. Include when intellectual property or trade secrets are involved
2. Insurance: Requirements for business insurance coverage. Include when significant assets or liabilities are involved
3. Intellectual Property Rights: Ownership and management of IP created during partnership. Include when business involves creation of IP
4. Good Faith and Fiduciary Duties: Explicit statement of partners' fiduciary duties. Include when partners have varying roles or external business interests
5. Technology and Data Protection: Policies regarding IT systems and data protection. Include when business involves significant digital assets or personal data
6. Environmental Compliance: Environmental responsibilities and compliance. Include when business has environmental impact
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and agreed future capital contributions
2. Schedule 2 - Profit Sharing Ratios: Detailed allocation of profit and loss sharing among partners
3. Schedule 3 - Partner Details: Complete personal and professional details of all partners
4. Schedule 4 - Business Plan: Initial business plan and objectives of the partnership
5. Schedule 5 - Assets Register: List of partnership assets and their ownership status
6. Appendix A - Partnership Procedures: Detailed operational procedures and policies
7. Appendix B - Signing Authorities: Documentation of partners' signing and authorization powers
Partnership
Partners
Partnership Firm
Business
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Financial Year
Intellectual Property Rights
Managing Partner
Net Profits
Net Losses
Partnership Property
Partnership Interest
Partnership Assets
Partnership Liabilities
Profit Sharing Ratio
Reserved Matters
Business Plan
Territory
Working Capital
Good Faith
Material Breach
Force Majeure Event
Insolvency Event
Business Day
Authorized Representative
Partnership Capital
Profit and Loss Sharing
Management and Control
Partner Duties and Obligations
Decision Making
Banking Arrangements
Accounting and Records
Partner Meetings
Capital Contribution
Additional Capital
Drawing Rights
Retirement of Partners
Admission of New Partners
Death and Incapacity
Transfer of Interest
Non-Competition
Confidentiality
Intellectual Property
Partnership Property
Term and Termination
Events of Default
Dissolution
Force Majeure
Dispute Resolution
Arbitration
Governing Law
Notices
Amendment
Severability
Entire Agreement
Assignment
Indemnification
Insurance
Compliance with Laws
Good Faith
Professional Services
Retail
Manufacturing
Information Technology
Healthcare
Real Estate
Construction
Consulting
Agriculture
Trading
Hospitality
Education
Financial Services
Legal
Finance
Operations
Compliance
Risk Management
Business Development
Corporate Secretarial
Senior Management
Business Owner
Managing Partner
Chief Executive Officer
Legal Counsel
Company Secretary
Chief Financial Officer
Business Development Manager
Operations Manager
Risk Manager
Compliance Officer
Partnership Representative
General Manager
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