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1. Parties: Identification and details of all partners entering the farming partnership
2. Background: Context of the partnership formation and brief description of the farming venture
3. Definitions: Key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership and its intended purpose
5. Capital Contributions: Details of initial and ongoing capital contributions from each partner
6. Land and Property: Specification of farming land, equipment, and other assets to be used in the partnership
7. Management and Operations: Structure for decision-making and day-to-day management of farming operations
8. Profit and Loss Sharing: Formula and terms for distribution of profits and allocation of losses
9. Banking and Financial Records: Requirements for maintaining partnership accounts and financial records
10. Farm Operations: Specific provisions regarding crop selection, farming practices, and operational procedures
11. Partner Duties and Responsibilities: Specific roles and obligations of each partner
12. Term and Termination: Duration of partnership and conditions for termination
13. Dispute Resolution: Procedures for resolving disagreements between partners
14. Governing Law: Specification of Nigerian law as governing law and jurisdiction
1. Environmental Compliance: Specific provisions for environmental protection and compliance, needed when farming operations may have significant environmental impact
2. Insurance: Detailed insurance requirements, recommended when significant assets are involved
3. Labor Management: Provisions for hiring and managing farm workers, needed when the partnership will employ staff
4. Succession Planning: Procedures for handling partner death or incapacity, important for family farming partnerships
5. Export Operations: Provisions for international trade of farm produce, needed when planning to export
6. Organic Certification: Specific requirements for organic farming certification, needed for organic farming operations
7. Technology and Innovation: Provisions for implementing agricultural technology, needed for modernized farming operations
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and planned capital contributions
2. Schedule 2: Land Details: Legal descriptions, titles, and maps of farming land
3. Schedule 3: Asset Inventory: List and valuation of partnership equipment, machinery, and other assets
4. Schedule 4: Profit Sharing Formula: Detailed calculations and scenarios for profit distribution
5. Schedule 5: Operational Guidelines: Specific farming practices, crop rotation plans, and operational procedures
6. Schedule 6: Partner Contact Information: Complete contact details and alternate contact persons for all partners
7. Appendix A: Required Licenses: Copies of farming licenses, permits, and certifications
8. Appendix B: Insurance Policies: Details of insurance coverage and policy documents
Partners
Partnership
Farm
Farming Operations
Agricultural Land
Partnership Property
Capital Contribution
Partnership Interest
Profit Share
Loss Share
Financial Year
Farming Season
Crops
Farm Products
Farm Equipment
Operating Expenses
Gross Revenue
Net Income
Managing Partner
Business Day
Commencement Date
Initial Term
Renewal Term
Force Majeure
Permitted Use
Agricultural Purpose
Land Title
Farm Workers
Farming Methods
Environmental Requirements
Good Agricultural Practice
Agricultural Infrastructure
Partnership Account
Partnership Assets
Intellectual Property
Material Breach
Farm Management
Distribution
Reserved Matters
Withdrawal
Transfer
Encumbrance
Confidential Information
Dispute
Effective Date
Territory
Governing Law
Working Capital
Agricultural Insurance
Partnership Formation
Term and Duration
Capital Contributions
Partnership Interests
Profit and Loss Sharing
Management Rights
Partner Obligations
Decision Making
Land Use Rights
Farming Operations
Agricultural Practices
Environmental Compliance
Labor Management
Financial Management
Banking Arrangements
Record Keeping
Insurance
Confidentiality
Non-Competition
Assignment and Transfer
Admission of New Partners
Withdrawal and Retirement
Death and Incapacity
Termination
Force Majeure
Dispute Resolution
Notices
Amendments
Governing Law
Asset Management
Risk Allocation
Compliance
Intellectual Property
Indemnification
Representations and Warranties
Agriculture
Agribusiness
Farming
Food Production
Agricultural Technology
Rural Development
Environmental Services
Agricultural Export
Sustainable Agriculture
Organic Farming
Legal
Operations
Agriculture
Business Development
Compliance
Land Management
Contract Management
Investment
Risk Management
Partnership Management
Farm Owner
Agricultural Manager
Operations Director
Legal Counsel
Agribusiness Consultant
Farm Manager
Agricultural Operations Manager
Partnership Manager
Compliance Officer
Agricultural Business Development Manager
Land Management Officer
Agricultural Investment Manager
Contract Manager
Farm Operations Supervisor
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