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1. Parties: Identifies and provides full details of the partners entering into the agreement
2. Background: Sets out the context and intention of the partners to form a partnership
3. Definitions: Defines key terms used throughout the agreement
4. Partnership Formation: Establishes the creation of the partnership and its commencement date
5. Business of the Partnership: Describes the nature and scope of the partnership business
6. Capital Contributions: Details the initial and any ongoing capital contributions required from each partner
7. Profit and Loss Sharing: Specifies how profits and losses will be distributed between partners
8. Management and Decision Making: Outlines the management structure and decision-making processes
9. Partners' Duties and Obligations: Sets out the responsibilities and obligations of each partner
10. Banking and Financial Matters: Establishes procedures for banking, accounting, and financial management
11. Restrictions on Partners: Details any restrictions on partners' activities, including non-compete provisions
12. Term and Termination: Specifies the duration of the partnership and conditions for termination
13. Dissolution and Winding Up: Procedures for dissolving the partnership and distributing assets
14. Dispute Resolution: Mechanisms for resolving disputes between partners
15. Governing Law: Specifies that Malaysian law governs the agreement
1. Intellectual Property Rights: Include when the partnership involves creation or use of intellectual property
2. Good Will: Include when there is existing goodwill being brought into the partnership or specific provisions for handling future goodwill
3. Insurance: Include when specific insurance requirements need to be maintained
4. Employment of Partners: Include when partners will be employed by the partnership
5. Admission of New Partners: Include when there's possibility of adding new partners in the future
6. Death or Incapacity of Partners: Include detailed provisions for handling death or incapacity situations
7. Assignment and Transfer: Include when transfer of partnership interests needs to be regulated
8. Confidentiality: Include when dealing with sensitive business information or trade secrets
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Schedule 2: Profit Sharing Ratios: Detailed breakdown of profit and loss sharing arrangements
3. Schedule 3: Partner Details: Complete personal and contact information for all partners
4. Schedule 4: Business Plan: Initial business plan and objectives of the partnership
5. Schedule 5: Banking Arrangements: Details of partnership bank accounts and authorized signatories
6. Appendix A: Asset Register: List of all assets contributed to or owned by the partnership
7. Appendix B: Operational Procedures: Detailed procedures for day-to-day operations and management
Business
Business Day
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Drawing Account
Financial Year
Identity Card
Intellectual Property
Malaysian Ringgit
Net Profit
Partnership
Partnership Act
Partnership Assets
Partnership Property
Premises
Principal Place of Business
Term
Territory
Working Capital
Partnership Name
Business Purpose
Term
Capital Contribution
Profit and Loss Sharing
Management Rights
Decision Making
Banking Arrangements
Accounting Records
Partners' Duties
Non-Competition
Confidentiality
Intellectual Property
Insurance
Representations and Warranties
Transfer of Interest
Death or Incapacity
Termination
Dissolution
Dispute Resolution
Force Majeure
Notices
Amendment
Severability
Entire Agreement
Governing Law
Assignment
Professional Services
Retail
Food and Beverage
Technology
Construction
Consulting
Real Estate
Healthcare
Education
Manufacturing
Agriculture
Creative Industries
Legal
Compliance
Corporate Secretarial
Business Development
Finance
Operations
Risk Management
Corporate Affairs
Business Owner
Entrepreneur
Legal Counsel
Company Secretary
Business Development Manager
Managing Partner
Financial Controller
Operations Manager
Risk Manager
Compliance Officer
Business Advisor
Partnership Manager
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