Managing Partner Agreement for the Netherlands

Managing Partner Agreement Template for Netherlands

A comprehensive legal agreement governed by Dutch law that establishes and regulates the relationship between a partnership and its managing partner. The document outlines the managing partner's rights, responsibilities, authority, compensation, and obligations within the framework of Dutch corporate and partnership law. It addresses key aspects including governance, profit sharing, decision-making authority, capital contributions, and exit provisions, while ensuring compliance with Dutch legal requirements and business practices. The agreement serves as a foundational document for partnership management and operations in the Netherlands.

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What is a Managing Partner Agreement?

The Managing Partner Agreement is a crucial document used in Dutch partnerships to formalize the appointment and operating terms of a managing partner. This agreement is essential when establishing or modifying senior leadership roles in partnerships operating under Dutch law. It encompasses comprehensive provisions regarding management authority, profit participation, decision-making powers, and fiduciary duties, while ensuring compliance with Dutch corporate governance requirements and partnership regulations. The document is particularly important for professional partnerships, family businesses, and other collaborative business structures where clear leadership and management frameworks are essential. The agreement must align with various Dutch legal requirements, including the Dutch Civil Code (Burgerlijk Wetboek), particularly Books 2 and 7A, and relevant corporate governance regulations.

What sections should be included in a Managing Partner Agreement?

1. Parties: Identification of the partnership entity and the managing partner

2. Background: Context of the appointment and brief description of the partnership business

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Terms of appointment, duration, and renewal provisions

5. Duties and Responsibilities: Detailed description of the managing partner's role and obligations

6. Authority and Limitations: Scope of managing partner's decision-making power and restrictions

7. Time Commitment: Expected working hours and dedication to the partnership

8. Remuneration and Profit Share: Financial terms including base compensation, profit sharing, and benefits

9. Capital Contribution: Details of required capital investment and terms

10. Partnership Meetings: Procedures for partnership meetings and decision-making processes

11. Reporting Obligations: Required financial and operational reporting to other partners

12. Confidentiality: Protection of partnership's confidential information

13. Non-Competition: Restrictions on competing activities during and after partnership

14. Intellectual Property: Ownership and rights regarding partnership IP

15. Termination: Grounds and procedures for ending the agreement

16. Exit Provisions: Process and terms for partner departure

17. Governing Law and Jurisdiction: Application of Dutch law and dispute resolution

18. General Provisions: Standard legal clauses including notices, amendments, and severability

What sections are optional to include in a Managing Partner Agreement?

1. Dual Status Provisions: Used when the managing partner also has employee status

2. International Activities: Include when partnership operates across multiple jurisdictions

3. Specific Industry Regulations: Required for regulated industries like financial services or healthcare

4. Family Business Provisions: Special terms for family-owned partnerships

5. Professional Indemnity: Additional liability provisions for professional service partnerships

6. Retirement Planning: Specific provisions for succession and retirement

7. Alternative Dispute Resolution: Detailed mediation or arbitration procedures

8. Partnership Insurance: Specific insurance requirements and provisions

9. External Directorships: Terms for managing partner's involvement in other businesses

What schedules should be included in a Managing Partner Agreement?

1. Schedule 1 - Remuneration Details: Detailed breakdown of compensation structure and profit sharing formula

2. Schedule 2 - Capital Account: Specifics of capital contribution and withdrawal rights

3. Schedule 3 - KPIs and Performance Metrics: Detailed performance criteria and evaluation methods

4. Schedule 4 - Partnership Assets: List of key partnership assets under management

5. Schedule 5 - Authorized Activities: Specific activities the managing partner is authorized to undertake

6. Appendix A - Partnership Structure: Organizational chart and management structure

7. Appendix B - Partner Benefits: Detailed description of additional benefits and entitlements

8. Appendix C - Compliance Requirements: Specific regulatory and compliance obligations

9. Appendix D - Insurance Requirements: Required insurance coverage details

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 legal definitions
Clauses
Relevant Industries

Professional Services

Legal Services

Financial Services

Management Consulting

Healthcare

Architecture

Engineering

Accounting

Real Estate

Technology

Media

Advertising

Private Equity

Venture Capital

Family Businesses

Relevant Teams

Legal

Corporate Governance

Executive

Partnership Office

Board Secretariat

Human Resources

Finance

Compliance

Risk Management

Operations

Relevant Roles

Managing Partner

Senior Partner

Executive Partner

Partnership Director

General Partner

Equity Partner

Board Member

Chief Executive Officer

Managing Director

Executive Director

Partnership Secretary

Head of Partnership

Senior Management Partner

Founding Partner

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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