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1. Parties: Details of all three partners including full names, addresses, and occupation
2. Background: Context of the partnership formation and brief description of the intended business
3. Definitions: Key terms used throughout the deed and their meanings
4. Partnership Name and Business: Official name of the partnership firm and nature of business to be conducted
5. Term and Commencement: Duration of partnership and effective date
6. Principal Place of Business: Address and location details of the main business premises
7. Capital Contribution: Details of initial capital contributed by each partner and terms for additional contributions
8. Profit and Loss Sharing: Ratio and terms for distribution of profits and sharing of losses
9. Management and Decision Making: Rights, responsibilities, and authority of each partner in managing the business
10. Banking Operations: Banking arrangements and operation of partnership accounts
11. Books of Account: Maintenance of accounts, audit requirements, and access rights
12. Rights and Duties of Partners: Detailed obligations and entitlements of each partner
13. Restrictions on Partners: Limitations on partners' activities, non-compete provisions
14. Retirement and Death: Procedures for partner retirement and consequences of death
15. Dissolution: Circumstances and procedures for partnership dissolution
16. Dispute Resolution: Method and process for resolving disputes between partners
17. Governing Law: Applicable laws and jurisdiction
1. Goodwill Valuation: Method of valuing and dealing with partnership goodwill, useful when significant brand value exists
2. Intellectual Property Rights: Ownership and management of IP, important for technology or creative businesses
3. Insurance: Requirements for business insurance and key person insurance
4. Employee Management: Procedures for hiring, firing, and managing employees if the business will have staff
5. Leave and Absence: Rules regarding partners' vacation and absence from business
6. Assignment and Transfer: Rules for transferring partnership interests to third parties
7. Non-Solicitation: Restrictions on soliciting clients or employees, important for service businesses
8. Digital Assets and Social Media: Management of online presence and digital assets
9. Environmental Compliance: Environmental responsibilities, important for manufacturing or industrial businesses
1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial capital contribution including cash, property, or other assets
2. Schedule B - Profit Sharing Ratio: Detailed formula and examples of profit-sharing calculations
3. Schedule C - Asset Register: List of all partnership assets with values and ownership details
4. Schedule D - Partner Responsibilities: Detailed allocation of specific duties and areas of responsibility for each partner
5. Appendix 1 - Business Plan: Initial business plan and projections
6. Appendix 2 - Property Details: Details of any property owned or leased by the partnership
7. Appendix 3 - Partner Qualifications: Professional qualifications and experience of partners relevant to the business
Agreement
Applicable Law
Assets
Authorized Representative
Business
Business Day
Business Hours
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Current Account
Deed
Default Event
Drawing Rights
Effective Date
Financial Year
First Partner
Force Majeure
Goodwill
Intellectual Property Rights
Interest
Majority Decision
Managing Partner
Net Profits
Partnership
Partnership Firm
Partnership Property
Partners
Principal Place of Business
Profit and Loss Account
Quarter
Reserved Matters
Second Partner
Share of Profits
Taxation
Term
Third Partner
Unanimous Decision
Working Capital
Partnership Formation
Duration
Capital Contribution
Profit and Loss Sharing
Management Rights
Partner Authority
Banking Operations
Financial Records
Partner Duties
Non-Competition
Confidentiality
Decision Making
Meetings
Asset Management
Intellectual Property
Partner Retirement
Death of Partner
Addition of Partner
Transfer Restrictions
Business Operations
Accounting and Audit
Insurance
Indemnification
Force Majeure
Dispute Resolution
Termination
Dissolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Assignment
Professional Services
Retail
Manufacturing
Technology
Consulting
Healthcare
Real Estate
Trading
Food and Beverage
Education
Construction
Agriculture
Entertainment
Hospitality
Legal
Compliance
Finance
Operations
Risk Management
Business Development
Corporate Governance
Administrative
Strategy
Partnership Management
Business Owner
Managing Partner
Entrepreneur
Legal Counsel
Company Secretary
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Operations Manager
Risk Manager
Compliance Officer
General Counsel
Partnership Relations Manager
Business Consultant
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