Informal Partnership Agreement for the Netherlands

Informal Partnership Agreement Template for Netherlands

A Dutch Informal Partnership Agreement is a legal document that establishes a flexible business relationship between two or more parties under Dutch law. This agreement outlines the essential elements of the partnership including profit sharing, management responsibilities, and operational procedures, while maintaining less formality than a full corporate structure. It is governed by the Dutch Civil Code (Burgerlijk Wetboek) and provides partners with a framework for collaboration while retaining individual business autonomy. The document balances legal protection with operational flexibility, making it particularly suitable for small-scale business ventures and professional collaborations in the Netherlands.

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What is a Informal Partnership Agreement?

The Informal Partnership Agreement is a fundamental document for establishing business collaborations in the Netherlands, particularly suited for entrepreneurs and professionals who wish to work together while maintaining operational flexibility. This agreement type is governed by Dutch law, specifically the Dutch Civil Code (Burgerlijk Wetboek), and provides a less formal alternative to incorporating a full company. It includes essential provisions for managing the partnership's operations, sharing profits and losses, and defining partner responsibilities, while being simpler to establish and maintain than formal corporate structures. The document is particularly valuable for small-scale ventures, professional collaborations, and project-based partnerships where partners want to maintain individual autonomy while working together toward common business goals.

What sections should be included in a Informal Partnership Agreement?

1. Parties: Identification and contact details of all partners entering into the agreement

2. Background: Context of the partnership formation and the partners' intention to work together

3. Definitions: Key terms used throughout the agreement

4. Partnership Purpose and Business: Clear statement of the partnership's business objectives and scope of activities

5. Duration: Term of the partnership, including start date and whether it's fixed-term or indefinite

6. Capital Contributions: Initial and ongoing capital contributions from each partner

7. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners

8. Management and Decision Making: Day-to-day management structure and process for making business decisions

9. Partner Rights and Obligations: Core responsibilities and rights of each partner

10. Banking and Financial Records: Management of partnership finances and maintenance of records

11. Termination: Circumstances and process for ending the partnership

12. Governing Law: Confirmation that Dutch law governs the agreement

What sections are optional to include in a Informal Partnership Agreement?

1. Non-Competition: Restrictions on partners competing with the partnership - include when partners have other business interests

2. Intellectual Property: Ownership and usage of IP created during the partnership - include for creative or technical businesses

3. Insurance: Required insurance coverage - include for high-risk activities or client-facing businesses

4. Dispute Resolution: Detailed process for resolving disagreements - include for larger or more complex partnerships

5. Admission of New Partners: Process for adding new partners - include if growth is anticipated

6. Death or Incapacity: Procedures following death or incapacity of a partner - include for long-term partnerships

7. Confidentiality: Protection of partnership's confidential information - include when handling sensitive information

8. Marketing and Branding: Guidelines for partnership's public image - include for customer-facing businesses

What schedules should be included in a Informal Partnership Agreement?

1. Schedule 1 - Initial Capital Contributions: Detailed list of each partner's initial capital contributions, including valuations

2. Schedule 2 - Partner Contact Details: Complete contact information for all partners

3. Schedule 3 - Business Plan: Initial business plan and strategy (if applicable)

4. Schedule 4 - Division of Responsibilities: Detailed breakdown of partner roles and responsibilities

5. Schedule 5 - Partnership Assets: List of assets owned by or licensed to the partnership

6. Appendix A - Required Business Registrations: Copies of necessary business registrations and permits

7. Appendix B - Partnership Bank Account Details: Banking information and authorized signatories

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Netherlands

Publisher

Genie AI

Cost

Free to use
Relevant Industries

Professional Services

Creative Industries

Consulting

Retail

Technology

Construction

Healthcare

Education

Hospitality

Real Estate

Agriculture

Digital Services

Marketing and Communications

Arts and Entertainment

Relevant Teams

Legal

Finance

Operations

Business Development

Risk Management

Compliance

Strategy

Tax

Corporate Services

Business Advisory

Relevant Roles

Business Owner

Managing Partner

Legal Counsel

Business Development Manager

Finance Director

Operations Manager

Professional Consultant

Entrepreneur

Small Business Advisor

Tax Consultant

Business Strategy Consultant

Partnership Manager

General Manager

Risk Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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