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1. Parties: Details of all partners entering into the partnership agreement, including full names, identification numbers, and addresses
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions: Definitions of key terms used throughout the partnership deed
4. Partnership Name and Business: Official name of the partnership and detailed description of the business activities
5. Commencement and Term: Start date of the partnership and duration (if fixed-term)
6. Capital Contributions: Details of initial capital contributions from each partner
7. Profit and Loss Sharing: Ratio or method of distributing profits and losses among partners
8. Management and Decision Making: Rules for day-to-day management and process for making business decisions
9. Banking and Financial Matters: Banking arrangements, signing authorities, and financial management procedures
10. Partner Duties and Obligations: Rights, responsibilities, and obligations of all partners
11. Meetings and Resolutions: Procedures for partner meetings and passing resolutions
12. Accounts and Records: Requirements for maintaining partnership accounts and records
13. Retirement and Admission: Process for partner retirement and admission of new partners
14. Dissolution and Winding Up: Circumstances and procedures for partnership dissolution
15. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners want to protect business interests
2. Intellectual Property Rights: Provisions regarding ownership and use of IP, important for partnerships involving creative or technical work
3. Death of Partner: Specific provisions for handling a partner's death, particularly relevant for family businesses
4. Dispute Resolution: Alternative dispute resolution procedures, recommended for larger partnerships
5. Insurance: Requirements for business insurance and key person insurance, important for high-risk businesses
6. Good Will: Provisions for valuation and distribution of goodwill, relevant for established businesses
7. Partner Loans: Terms for partners lending money to the partnership, useful when additional funding might be needed
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and subsequent capital contributions
2. Schedule 2 - Profit Sharing Ratios: Detailed formula or ratios for profit and loss distribution
3. Schedule 3 - Business Assets: List and valuation of assets contributed to or owned by the partnership
4. Schedule 4 - Partner Responsibilities: Detailed description of specific roles and responsibilities of each partner
5. Appendix A - Business Plan: Initial business plan and strategy (if applicable)
6. Appendix B - Management Procedures: Detailed operational procedures and management protocols
Partner
Partnership Business
Business Day
Capital Account
Capital Contribution
Partnership Property
Partnership Assets
Financial Year
Net Profits
Drawing Account
Management Committee
Partnership Deed
Retiring Partner
Incoming Partner
Accounting Period
Business Premises
Governing Law
Identity Card
Working Capital
Partnership Interest
Books of Account
Resolution
Material Breach
Confidential Information
Intellectual Property
Business Plan
Default Notice
Good Will
Managing Partner
Partnership Formation
Duration
Capital Contribution
Profit and Loss Distribution
Management Rights
Partner Obligations
Decision Making
Banking Arrangements
Financial Management
Accounting and Audit
Partner Meetings
Capital Maintenance
Additional Capital
Partner Drawings
Confidentiality
Non-Competition
Intellectual Property
Partner Retirement
Admission of Partners
Death of Partner
Termination
Dissolution
Dispute Resolution
Governing Law
Force Majeure
Notices
Amendment
Severability
Entire Agreement
Professional Services
Retail
Food and Beverage
Construction
Technology
Healthcare
Manufacturing
Real Estate
Consulting
Agriculture
Trading
Education
Legal
Corporate Secretarial
Executive Leadership
Finance
Compliance
Operations
Risk Management
Business Development
Corporate Affairs
Business Owner
Managing Partner
Legal Counsel
Company Secretary
Chief Executive Officer
Chief Financial Officer
Business Development Manager
Compliance Officer
Risk Manager
Operations Director
Partnership Manager
Corporate Lawyer
Business Consultant
Professional Service Provider
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