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1. Parties: Identification and details of all partners entering the temporary partnership
2. Background: Context of the partnership formation and the intention to form a temporary partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Term: Specific duration or project completion criteria that defines the temporary nature of the partnership
5. Nature of Business: Detailed description of the business activities to be undertaken by the partnership
6. Capital Contribution: Details of initial and any subsequent capital contributions by each partner
7. Profit and Loss Sharing: Ratio and mechanism for sharing profits and losses among partners
8. Management and Decision Making: Rights, responsibilities, and decision-making processes within the partnership
9. Banking and Financial Matters: Banking arrangements and financial management procedures
10. Partner Duties and Obligations: Specific responsibilities and obligations of each partner
11. Dissolution and Exit: Procedures for partnership dissolution upon term completion or early termination
12. Accounts and Audit: Requirements for maintaining accounts and conducting audits
13. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
1. Non-Compete and Confidentiality: Restrictions on competition and protection of confidential information, used when sensitive business information is involved
2. Intellectual Property Rights: Ownership and usage rights of IP created during the partnership, necessary when the partnership involves creation of IP
3. Insurance: Requirements for business insurance, relevant when the partnership activities involve significant risks
4. Third Party Rights: Provisions regarding dealings with third parties, important when the partnership regularly engages with external parties
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term temporary partnerships
6. Dispute Resolution: Alternative dispute resolution mechanisms, recommended for high-value partnerships
7. Assignment and Transfer: Rules for transferring partnership interests, relevant when partners may need flexibility to exit
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's capital contribution, including nature and valuation of non-cash contributions
2. Schedule 2 - Profit Sharing Mechanism: Detailed calculation method for profit sharing, including any variable components
3. Schedule 3 - Business Plan: Detailed business plan or project scope that the temporary partnership will execute
4. Schedule 4 - Partner Representatives: List of authorized representatives for each partner and their authority levels
5. Schedule 5 - Assets Register: List of partnership assets and their ownership status
6. Appendix A - Partnership Operating Procedures: Detailed procedures for day-to-day operations and management
7. Appendix B - Compliance Requirements: List of specific regulatory and compliance requirements applicable to the partnership
Business
Business Day
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Dissolution Date
Drawing Account
Effective Date
Financial Year
Force Majeure Event
Governing Law
Initial Capital
Intellectual Property Rights
Management Committee
Managing Partner
Net Profits
Net Losses
Partnership
Partnership Assets
Partnership Term
Partner Representative
Profit Sharing Ratio
Project
Project Completion
Relevant Jurisdiction
Reserved Matters
Special Resolution
Term
Territory
Termination Event
Working Capital
Partnership Term
Capital Contribution
Profit and Loss Sharing
Management Rights
Partner Obligations
Decision Making
Banking Arrangements
Financial Management
Accounting and Audit
Confidentiality
Non-Competition
Intellectual Property
Partner Representations
Indemnification
Insurance
Force Majeure
Assignment and Transfer
Dissolution
Exit Rights
Dispute Resolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Further Assurance
Compliance with Laws
Good Faith
Authority
Construction
Information Technology
Professional Services
Real Estate Development
Manufacturing
Agriculture
Event Management
Film Production
Consulting
Education
Retail
Healthcare
Infrastructure Development
Tourism and Hospitality
Legal
Corporate Affairs
Business Development
Finance
Operations
Risk Management
Compliance
Commercial
Strategy
Project Management
Business Development Manager
Legal Counsel
Project Manager
Managing Partner
Chief Executive Officer
Chief Financial Officer
Operations Director
Contract Manager
Company Secretary
Risk Manager
Commercial Director
Venture Capital Manager
Partnership Development Officer
Corporate Lawyer
Business Owner
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