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1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership, business name, commencement date, and principal place of business
5. Nature of Business: Detailed description of the partnership's business activities and scope
6. Capital Contributions: Initial and subsequent capital contributions by each partner
7. Profit and Loss Sharing: Equal distribution mechanism for profits and losses
8. Management and Decision Making: Partnership management structure and decision-making processes
9. Partners' Rights and Obligations: Detailed rights, duties, and responsibilities of all partners
10. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial management
11. Meetings and Resolutions: Procedures for partner meetings and decision documentation
12. Restrictions on Partners: Non-compete and confidentiality obligations
13. Addition and Retirement of Partners: Procedures for admitting new partners or handling partner retirement
14. Dissolution and Termination: Circumstances and procedures for partnership dissolution
15. Dispute Resolution: Procedures for resolving disputes between partners
16. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Intellectual Property Rights: Ownership and management of partnership IP assets - include when the business involves significant IP
2. Insurance: Partnership insurance requirements - include for high-risk businesses
3. Good Faith and Fair Dealing: Additional provisions on partner conduct - useful for partnerships with complex relationships
4. Force Majeure: Provisions for unforeseen circumstances - important for businesses susceptible to external disruptions
5. Partnership Property: Detailed provisions about ownership and use of partnership assets - include when significant property is involved
6. Digital Assets and Online Presence: Management of digital assets and online accounts - include for digital businesses
7. Environmental Compliance: Environmental obligations - include for businesses with environmental impact
1. Schedule 1: Capital Contributions: Detailed breakdown of initial capital contributions from each partner
2. Schedule 2: Business Plan: Initial business plan and strategic objectives
3. Schedule 3: Partner Information: Detailed information about each partner including contact details and qualifications
4. Schedule 4: Partnership Assets: List and valuation of partnership assets at formation
5. Schedule 5: Operational Procedures: Detailed day-to-day operational procedures and policies
6. Appendix A: Banking Arrangements: Details of partnership bank accounts and authorized signatories
7. Appendix B: Accounting Policies: Detailed accounting policies and procedures
Business
Business Day
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Departing Partner
Drawing Account
Financial Year
Intellectual Property
Management Committee
Net Profit
Partnership
Partnership Account
Partnership Assets
Partnership Capital
Partnership Property
Place of Business
Profit Share
Resolution
Retiring Partner
Special Resolution
Territory
Transfer
Valuation Date
Working Capital
Partnership Formation
Capital Contribution
Partnership Property
Banking Arrangements
Profit and Loss Distribution
Management Rights
Decision Making
Partner Duties
Financial Records
Confidentiality
Non-Competition
Partner Admission
Partner Retirement
Death of Partner
Transfer Restrictions
Intellectual Property
Dispute Resolution
Termination
Dissolution
Force Majeure
Notices
Amendment
Severability
Governing Law
Insurance
Business Operations
Meeting Procedures
Accounting
Indemnification
Professional Services
Retail and Trading
Food and Beverage
Technology and Software Development
Construction and Real Estate
Manufacturing
Healthcare Services
Educational Services
Consulting Services
Agricultural Business
Creative Industries
Import/Export Trading
Legal
Corporate Affairs
Business Development
Finance
Risk Management
Compliance
Operations
Strategy
Management
Company Secretarial
Business Owner
Managing Partner
Legal Counsel
Corporate Lawyer
Business Development Manager
Company Secretary
Chief Executive Officer
Chief Financial Officer
Professional Service Provider
Entrepreneur
Small Business Owner
Partnership Consultant
Business Advisor
Risk Management Officer
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