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1. Parties: Identification of the partnership/LLP and the incoming salaried partner
2. Background: Context of the appointment and brief description of the firm's business
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment as salaried partner and duration
5. Status and Role: Clarification of salaried partner status, duties, and responsibilities
6. Time Commitment: Expected working hours and commitment to the firm
7. Remuneration and Benefits: Salary, bonus, benefits, and other financial entitlements
8. Expenses and Resources: Provisions for business expenses and access to firm resources
9. Leave Entitlement: Holiday, sick leave, and other leave provisions
10. Professional Obligations: Compliance with professional standards and regulatory requirements
11. Confidentiality: Protection of firm's confidential information
12. Intellectual Property: Ownership and rights over work product and innovations
13. Restrictive Covenants: Non-compete and non-solicitation provisions
14. Termination: Grounds and process for termination of the agreement
15. Post-Termination Obligations: Continuing duties after termination
16. General Provisions: Standard boilerplate clauses including governing law, notices, etc.
1. Equity Partnership Track: Include when there's a defined path to equity partnership
2. International Assignments: Include for firms with international offices where partner may be required to work
3. Client Development Responsibilities: Include when partner has specific business development targets
4. Management Responsibilities: Include when partner will have specific management or team leadership roles
5. Professional Development: Include when specific training or development programs are required
6. Retirement Benefits: Include when offering specific retirement or pension schemes
7. Gardening Leave: Include when firm wants right to place partner on paid leave during notice period
8. Mediation and Arbitration: Include when alternative dispute resolution is preferred over court litigation
1. Schedule 1 - Remuneration Package: Detailed breakdown of salary, bonus structure, and benefits
2. Schedule 2 - Duties and Responsibilities: Detailed list of partner's specific duties and areas of responsibility
3. Schedule 3 - Performance Metrics: KPIs and performance evaluation criteria
4. Schedule 4 - Firm Policies: Key firm policies applicable to salaried partners
5. Schedule 5 - Restricted Clients: List of clients covered by non-solicitation provisions
6. Appendix A - Professional Indemnity Insurance: Details of insurance coverage and obligations
7. Appendix B - Equipment and Resources: List of firm resources provided to the partner
Appointment
Board
Business
Cause
Client
Commencement Date
Confidential Information
Executive Committee
Financial Year
Firm
Firm Property
Gardening Leave
Good Standing
Intellectual Property Rights
Managing Partner
Notice Period
Partner
Partnership
Partnership Deed
Partnership Meeting
Performance Metrics
Professional Rules
Prohibited Area
Regulatory Body
Restricted Business
Restricted Client
Restricted Period
Salaried Partner
Services
Termination Date
Territory
Working Hours
Term
Status and Capacity
Duties and Responsibilities
Authority and Limitations
Time Commitment
Location of Work
Remuneration
Bonus
Benefits
Expenses
Leave and Absence
Professional Development
Performance Review
Client Relations
Confidentiality
Intellectual Property
Data Protection
Non-Competition
Non-Solicitation
Non-Poaching
Regulatory Compliance
Professional Indemnity
Insurance
Termination
Garden Leave
Post-Termination Obligations
Return of Property
Dispute Resolution
Governing Law
Force Majeure
Notices
Entire Agreement
Severability
Assignment
Amendments
Waiver
Legal Services
Accounting and Audit
Management Consulting
Architecture
Medical Practice
Engineering Consultancy
Financial Services
Tax Advisory
Business Advisory
Real Estate Services
Legal
Human Resources
Partnership Board
Executive Committee
Practice Management
Professional Development
Compliance
Risk Management
Partner Affairs
Operations
Managing Partner
Senior Partner
Salaried Partner
Fixed Share Partner
Practice Head
Department Head
Senior Associate
Director
Principal
Regional Partner
Junior Partner
Associate Partner
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