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1. Parties: Identification and details of all partners entering into the farming partnership
2. Background: Context of the partnership formation, including history of the farm and partners' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership formation, commencement date, and partnership name
5. Purpose and Nature of Business: Detailed description of farming activities and scope of the partnership business
6. Capital Contributions: Details of initial and ongoing capital contributions from each partner
7. Partnership Property: Specification of ownership and treatment of partnership assets, including land, equipment, and livestock
8. Management and Decision Making: Partners' roles, responsibilities, and decision-making processes
9. Financial Arrangements: Profit sharing, loss allocation, drawings, and accounting procedures
10. Banking and Financial Records: Banking arrangements and requirements for financial record-keeping
11. Partner Obligations: Partners' duties, commitments, and expected contributions to the partnership
12. Insurance and Risk Management: Required insurance coverage and risk management procedures
13. Environmental Compliance: Obligations regarding environmental regulations and sustainable farming practices
14. Duration and Termination: Term of partnership and circumstances for termination
15. Death or Incapacity: Procedures in case of death or incapacity of a partner
16. Dispute Resolution: Process for resolving disputes between partners
17. Governing Law: Confirmation of Dutch law governance and jurisdiction
1. Succession Planning: Provisions for future generational transfer of partnership interests, relevant for family farming partnerships
2. Intellectual Property: Protection of partnership IP such as breeding programs or farming techniques, relevant if the partnership develops unique methods
3. Non-Competition: Restrictions on partners engaging in competing farming activities, relevant in larger commercial farming operations
4. Employment of Partners: Terms for partners working in the business, relevant when partners take active operational roles
5. EU Subsidy Management: Handling of EU agricultural subsidies and grants, relevant for partnerships seeking EU funding
6. Organic Certification: Specific provisions for maintaining organic certification, relevant for organic farming partnerships
7. Research and Development: Provisions for agricultural research activities, relevant for partnerships involved in innovative farming practices
1. Schedule 1: Initial Capital Contributions: Detailed list of each partner's initial capital contributions including valuations
2. Schedule 2: Land and Property Details: Details of owned and leased land, including maps and tenure arrangements
3. Schedule 3: Equipment and Machinery: Inventory of partnership equipment and machinery with valuations
4. Schedule 4: Livestock Inventory: Details of livestock owned by the partnership, if applicable
5. Schedule 5: Profit Sharing Ratios: Detailed breakdown of profit and loss sharing arrangements
6. Schedule 6: Management Responsibilities: Specific allocation of management duties among partners
7. Schedule 7: Insurance Policies: List of required insurance policies and coverage levels
8. Appendix A: Business Plan: Initial business plan and projected financials
9. Appendix B: Environmental Compliance Procedures: Detailed procedures for ensuring environmental regulation compliance
Partnership
Partners
Partnership Property
Agricultural Land
Farm Business
Partnership Capital
Capital Account
Drawing Account
Partnership Share
Financial Year
Commencement Date
Working Capital
Farm Equipment
Livestock
Crops
Agricultural Products
Fixed Assets
Current Assets
Partnership Profits
Partnership Losses
Managing Partner
Business Plan
Environmental Requirements
Permitted Activities
CAP Payments
Agricultural Subsidies
Land Registry
Deed of Adherence
Force Majeure
Good Agricultural Practice
Partnership Bank Account
Intellectual Property Rights
Material Breach
Operating Expenses
Partnership Books
Reserved Matters
Succession Plan
Transfer
Valuation Date
Working Day
Agricultural Holding
Leased Land
Production Rights
Environmental Permits
Partnership Interest
Retirement
Death Benefits
Initial Capital Contribution
Additional Capital Contribution
Duration
Capital Contributions
Profit and Loss Sharing
Management Rights
Decision Making
Banking Arrangements
Asset Ownership
Land Use
Equipment Usage
Livestock Management
Environmental Compliance
Health and Safety
Insurance
Financial Records
Partner Duties
Confidentiality
Non-Competition
Intellectual Property
Death and Incapacity
Retirement
Succession Planning
Transfer of Interest
Admission of New Partners
Termination
Force Majeure
Dispute Resolution
Amendment
Governing Law
Notices
Severability
Entire Agreement
Agricultural Subsidies
Environmental Permits
Land Lease
Risk Management
Partnership Property
Labor Management
Financial Reporting
Operational Requirements
Regulatory Compliance
Agriculture
Dairy Farming
Arable Farming
Livestock Farming
Horticulture
Organic Farming
Sustainable Agriculture
Agribusiness
Agricultural Technology
Food Production
Legal
Agricultural Operations
Business Development
Finance
Risk Management
Environmental Compliance
Property Management
Business Advisory
Investment
Succession Planning
Farm Owner
Agricultural Manager
Farm Operations Director
Agricultural Business Consultant
Farm Succession Planner
Agricultural Investment Manager
Farm Business Advisor
Agricultural Legal Counsel
Farm Partnership Manager
Agricultural Risk Manager
Environmental Compliance Officer
Agricultural Finance Manager
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