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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 formation 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: Formula and procedures for distributing profits and losses
8. Management and Control: Management structure and decision-making processes
9. Partners' Rights and Obligations: Detailed rights and responsibilities of all partners
10. Banking and Financial Matters: Banking arrangements, financial management, and accounting procedures
11. Partner Meetings: Procedures for regular and special partner meetings
12. Transfer of Partnership Interest: Rules regarding the transfer of partnership interests to third parties
13. Admission of New Partners: Process and conditions for admitting new partners
14. Withdrawal and Retirement: Procedures for partner withdrawal or retirement
15. Dissolution and Termination: Circumstances and procedures for partnership dissolution
16. Dispute Resolution: Procedures for resolving disputes between partners
17. Governing Law: Specification of Nigerian law as governing law and jurisdiction
18. General Provisions: Miscellaneous legal provisions including notices, amendments, and severability
1. Intellectual Property Rights: Required when the partnership will create, use or license intellectual property
2. Non-Competition and Confidentiality: Added when partners need to be restricted from competing or disclosing sensitive information
3. Insurance: Needed when specific insurance requirements are to be maintained
4. Employee Management: Required when the partnership will have employees
5. International Operations: Added for partnerships operating across international borders
6. Environmental Compliance: Required for partnerships in industries with environmental impacts
7. Technology and Data Protection: Needed when the partnership handles significant data or technology assets
8. Force Majeure: Added when specific provisions for unforeseen circumstances are required
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule 2: Profit Sharing Ratios: Detailed formulas and calculations for profit and loss distribution
3. Schedule 3: Partnership Assets: Inventory of assets contributed to or owned by the partnership
4. Schedule 4: Business Plan: Detailed business plan and operational strategy
5. Schedule 5: Management Structure: Detailed organizational structure and management responsibilities
6. Appendix A: Partner Information: Detailed information about each partner including contact details and representatives
7. Appendix B: Required Licenses and Permits: List of necessary business licenses and permits
8. Appendix C: Banking Arrangements: Details of partnership bank accounts and authorized signatories
Applicable Law
Assets
Authorized Representative
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Defaulting Partner
Dispute
Effective Date
Financial Year
Force Majeure Event
Initial Capital Contribution
Intellectual Property Rights
Management Committee
Managing Partner
Material Breach
Net Profit
Net Loss
Notice
Operating Expenses
Partner
Partnership
Partnership Interest
Partnership Property
Profit and Loss Account
Quarter
Related Party
Reserved Matters
Schedule
Special Resolution
Territory
Third Party
Transfer
Withdrawal Notice
Formation of Partnership
Duration
Business Purpose
Capital Contribution
Additional Capital
Partnership Property
Profit and Loss Distribution
Management Rights
Decision Making
Banking Arrangements
Accounting and Records
Partner Meetings
Voting Rights
Confidentiality
Non-Competition
Intellectual Property
Transfer of Interest
Admission of New Partners
Death or Incapacity
Withdrawal
Termination
Dissolution
Force Majeure
Dispute Resolution
Governing Law
Indemnification
Insurance
Notices
Assignment
Severability
Entire Agreement
Amendment
Further Assurance
Costs
Compliance with Laws
Data Protection
Environmental Compliance
Anti-Corruption
Third Party Rights
Manufacturing
Professional Services
Real Estate
Technology
Agriculture
Oil and Gas
Retail and Commerce
Construction
Healthcare
Education
Financial Services
Hospitality
Transportation and Logistics
Mining
Telecommunications
Legal
Corporate Affairs
Business Development
Finance
Compliance
Risk Management
Operations
Strategy
Executive Leadership
Investment
Chief Executive Officer
Managing Director
Business Owner
Legal Counsel
Corporate Lawyer
Business Development Manager
Chief Financial Officer
Company Secretary
Partner
Managing Partner
Operations Director
Investment Manager
Risk Manager
Compliance Officer
Board Member
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