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1. Parties: Details of all partners including names, ages, addresses and occupation
2. Background: Context of the partnership formation, including the business purpose and dealership details
3. Definitions: Definitions of key terms used throughout the deed
4. Partnership Name and Business: Official name of the partnership firm and nature of business
5. Term and Commencement: Duration of partnership and start date
6. Place of Business: Address and details of the petrol pump location
7. Capital Contribution: Initial capital contribution by each partner and terms for additional contributions
8. Profit and Loss Sharing: Ratio and terms of profit and loss distribution among partners
9. Banking Operations: Banking arrangements and operation of accounts
10. Management and Operations: Day-to-day management responsibilities and decision-making process
11. Rights and Duties of Partners: Detailed obligations and entitlements of each partner
12. Compliance and Licenses: Responsibility for maintaining necessary permits and regulatory compliance
13. Books of Accounts: Accounting procedures and maintenance of financial records
14. Restrictions on Partners: Non-compete and other restrictive covenants
15. Termination: Conditions and process for partnership termination
16. Dispute Resolution: Mechanism for resolving disputes between partners
17. Governing Law: Applicable laws governing the partnership
1. Death and Incapacity: Procedures in case of death or incapacity of a partner - used when partners want specific succession arrangements
2. Insurance: Insurance requirements and responsibilities - used when specific insurance arrangements need to be documented
3. Environmental Compliance: Specific environmental obligations - used when operating in environmentally sensitive areas
4. Employee Management: Terms for hiring and managing employees - used when partners want to document specific employment policies
5. Intellectual Property: IP rights and usage - used when partnership involves branded operations or unique business methods
6. Technology and Systems: Management of technology infrastructure - used when specific technology systems are crucial to operations
7. Future Expansion: Terms for business expansion - used when partners plan future growth
8. Partner Retirement: Procedures for partner retirement - used when partners want specific retirement arrangements
1. Schedule A - Capital Contribution Details: Detailed breakdown of each partner's capital contribution
2. Schedule B - Asset Inventory: List of all partnership assets including equipment and infrastructure
3. Schedule C - Operating Procedures: Standard operating procedures for the petrol pump
4. Schedule D - Compliance Checklist: List of required licenses, permits and their renewal dates
5. Schedule E - Insurance Requirements: Details of mandatory and recommended insurance coverage
6. Schedule F - Partner Responsibilities: Detailed allocation of duties among partners
7. Appendix 1 - Safety Protocols: Safety procedures and emergency response plans
8. Appendix 2 - Environmental Guidelines: Environmental compliance procedures and waste management protocols
9. Appendix 3 - Employee Handbook: Guidelines for employee management and operations
Applicable Law
Authorized Representative
Business
Business Day
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Dealership Agreement
Drawing Account
Effective Date
Environmental Laws
Financial Year
Force Majeure
Governing Law
Initial Capital
Intellectual Property Rights
Motor Spirit
High Speed Diesel
Oil Marketing Company
Operating Expenses
Partnership
Partnership Firm
Partners
Partnership Property
Petroleum Products
Premises
Profit and Loss Account
Regulatory Approvals
Retail Outlet
Safety Standards
Storage Facility
Term
Territory
Working Capital
Profit and Loss Sharing
Management Rights
Partner Duties and Obligations
Decision Making
Business Operations
Banking Arrangements
Accounting and Audit
Safety and Environmental Compliance
Licensing and Permits
Insurance
Confidentiality
Non-Competition
Term and Termination
Death and Retirement
Dispute Resolution
Force Majeure
Assignment and Transfer
Compliance with Laws
Stock Management
Quality Control
Emergency Procedures
Employee Management
Asset Management
Environmental Protection
Record Keeping
Indemnification
Amendments
Notices
Governing Law
Severability
Oil & Gas
Retail
Energy
Transportation
Automotive
Small Business
Distribution
Legal
Compliance
Operations
Finance
Risk Management
Commercial
Business Development
Environmental Health & Safety
Retail Operations
Business Owner
Partner
Legal Counsel
Compliance Officer
Operations Manager
Petrol Pump Manager
Business Development Manager
Risk Manager
Finance Manager
Environmental Health and Safety Officer
Retail Operations Director
Commercial Manager
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