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1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and partners' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership formation, business name, and commencement date
5. Business Purpose: Detailed description of the partnership's business activities and objectives
6. Capital Contributions: Details of initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners
8. Management and Decision Making: Structure for partnership management and decision-making processes
9. Partners' Duties and Obligations: Specific responsibilities and obligations of each partner
10. Banking and Financial Matters: Banking arrangements and financial management procedures
11. Accounting and Records: Requirements for maintaining financial records and preparing accounts
12. Addition and Retirement of Partners: Procedures for admitting new partners or handling partner retirement
13. Termination: Circumstances and procedures for partnership termination
14. Dispute Resolution: Procedures for resolving disputes between partners
15. Governing Law: Confirmation of Maltese law as governing law and jurisdiction
16. General Provisions: Miscellaneous legal provisions including notices, amendments, and severability
1. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property, particularly relevant for professional or creative partnerships
2. Non-Competition: Restrictions on partners competing with the partnership, recommended for professional services or specialized trade partnerships
3. Insurance: Requirements for business insurance coverage, important for high-risk or regulated industries
4. Data Protection: Specific provisions for handling personal data, necessary if the partnership processes significant personal data
5. Good Will: Provisions regarding partnership goodwill valuation and allocation, important for professional practices
6. Partner Incapacity: Procedures in case of partner illness or incapacity, recommended for small partnerships
7. International Operations: Provisions for international business activities, necessary if operating across borders
8. Environmental Compliance: Environmental responsibility provisions, necessary for partnerships in industries with environmental impact
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and agreed future capital contributions
2. Schedule 2 - Profit Sharing Ratios: Specific percentages or formulas for profit and loss distribution
3. Schedule 3 - Partner Details: Complete partner information including contact details and registered addresses
4. Schedule 4 - Business Plan: Initial business plan and strategic objectives
5. Schedule 5 - Partnership Assets: Inventory of partnership assets and their agreed values
6. Appendix A - Management Procedures: Detailed procedures for day-to-day management and decision-making
7. Appendix B - Accounting Policies: Specific accounting policies and procedures to be followed
8. Appendix C - Partner Responsibilities: Detailed breakdown of specific roles and responsibilities of each partner
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