Master Partnership Agreement Template for India

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Key Requirements PROMPT example:

Master Partnership Agreement

"I need a Master Partnership Agreement for a technology services collaboration between my Indian IT company and a US-based cloud solutions provider, with specific focus on data protection compliance and cross-border revenue sharing arrangements, to be effective from March 2025."

Document background
The Master Partnership Agreement is a foundational document used to establish and govern complex business relationships between multiple parties operating under Indian jurisdiction. This agreement is particularly valuable when parties intend to engage in ongoing business activities that require a structured framework for collaboration. It covers essential aspects such as profit sharing, operational responsibilities, governance mechanisms, and risk allocation, while ensuring compliance with Indian legal requirements including the Partnership Act 1932 and Contract Act 1872. The document serves as an umbrella agreement under which specific projects or initiatives can be executed through supplementary agreements, making it ideal for long-term business relationships that may evolve over time.
Suggested Sections

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

2. Background: Context of the partnership and brief description of each party's business

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Partnership Scope and Objectives: Detailed description of partnership purpose, scope, and strategic objectives

5. Term and Renewal: Duration of the agreement and conditions for renewal

6. Rights and Obligations of Partners: Core responsibilities and rights of each party in the partnership

7. Financial Terms: Revenue sharing, payment terms, expenses, and financial obligations

8. Governance Structure: Decision-making processes, management structure, and meeting protocols

9. Intellectual Property Rights: Ownership and usage rights of existing and newly created IP

10. Confidentiality: Protection and handling of confidential information

11. Representations and Warranties: Standard assurances given by each party

12. Indemnification: Mutual indemnification obligations and liability limitations

13. Termination: Grounds for termination and consequences thereof

14. Dispute Resolution: Process for resolving disputes including arbitration provisions

15. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law

Optional Sections

1. Exclusivity: Terms regarding exclusive dealing arrangements, if applicable

2. Marketing and Branding: Guidelines for co-branding and marketing activities

3. Compliance Requirements: Specific regulatory or industry compliance obligations

4. Insurance: Required insurance coverage and limits

5. Force Majeure: Provisions for handling unforeseen circumstances

6. Data Protection: Specific provisions for handling personal data and compliance with data protection laws

7. Anti-Corruption: Compliance with anti-bribery and corruption laws

8. Environmental and Social Responsibility: Sustainability and corporate responsibility commitments

9. Non-Compete: Restrictions on competing activities

10. Assignment and Subcontracting: Rules for transferring rights or delegating obligations

Suggested Schedules

1. Schedule 1 - Business Plan: Detailed business plan including targets and milestones

2. Schedule 2 - Financial Terms: Detailed breakdown of financial arrangements and calculations

3. Schedule 3 - Service Levels: Performance metrics and service level requirements

4. Schedule 4 - Governance Procedures: Detailed procedures for partnership management and governance

5. Schedule 5 - Technical Requirements: Technical specifications and requirements

6. Schedule 6 - Key Personnel: List of key personnel and their roles

7. Schedule 7 - Approved Subcontractors: List of pre-approved subcontractors if applicable

8. Appendix A - Contact Details: Contact information for key representatives

9. Appendix B - Form of Reports: Templates for required reports and notifications

10. Appendix C - Compliance Checklist: Checklist of regulatory and compliance requirements

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

Relevant legal definitions
Clauses
Relevant Industries

Information Technology

Manufacturing

Professional Services

Retail and Distribution

Healthcare

Financial Services

Telecommunications

Education and Training

Real Estate

Energy and Infrastructure

E-commerce

Logistics and Supply Chain

Agriculture

Pharmaceutical

Relevant Teams

Legal

Business Development

Finance

Operations

Strategy

Commercial

Risk and Compliance

Corporate Affairs

Partnership Management

Executive Leadership

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Chief Financial Officer

Chief Operating Officer

Partnership Manager

Contract Manager

Commercial Director

Managing Director

Head of Strategy

General Counsel

Corporate Secretary

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

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