Partnership Deed Template for Nigeria

1. Parties: Details of all partners entering into the partnership agreement, including full names, addresses, and occupation

2. Background: Context of the partnership formation, business purpose, and any relevant history

3. Definitions: Definitions of key terms used throughout the deed

4. Partnership Name and Business: Official name of the partnership and nature of business to be conducted

5. Commencement and Term: Start date of the partnership and whether it's for a fixed term or continuing basis

6. Place of Business: Principal place of business and any branch locations

7. Capital Contributions: Initial capital contributions of each partner and terms for additional contributions

8. Profit and Loss Sharing: Ratio and method of sharing profits and losses among partners

9. Banking and Finance: Banking arrangements, signing authorities, and financial management procedures

10. Management and Decision Making: Partnership management structure and decision-making processes

11. Partners' Duties and Obligations: Rights, responsibilities, and obligations of all partners

12. Meetings and Resolutions: Procedures for partner meetings and passing resolutions

13. Books of Account: Requirements for maintaining financial records and accounts

14. Restriction on Partners: Non-compete clauses and other restrictions on partners' activities

15. Retirement and Admission: Procedures for partner retirement and admission of new partners

16. Dissolution and Winding Up: Circumstances and procedures for partnership dissolution

17. Dispute Resolution: Methods for resolving disputes between partners

18. Governing Law: Specification of Nigerian law as governing law and jurisdiction

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuations of non-cash assets

2. Schedule 2: Profit Sharing Ratios: Detailed arrangement for profit and loss distribution, including any special allocations

3. Schedule 3: Partners' Duties: Specific roles and responsibilities assigned to each partner

4. Schedule 4: Partnership Assets: Inventory of partnership assets including property, equipment, and intellectual property

5. Schedule 5: Business Plan: Initial business plan and strategic objectives of the partnership

6. Appendix A: Partnership Policies: Internal policies and procedures for partnership operation

7. Appendix B: Required Regulatory Permits: List of necessary licenses and permits for the partnership business