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1. Parties: Identification of all prospective partners, including full legal names and addresses
2. Background: Brief context of the proposed partnership and the parties' intention to enter into a partnership
3. Definitions: Key terms used throughout the term sheet
4. Partnership Structure: Proposed legal form of partnership (VOF, CV, or maatschap) and basic structure
5. Business Purpose: Clear statement of the partnership's intended business activities and objectives
6. Capital Contributions: Initial and any agreed future capital contributions from each partner
7. Profit and Loss Sharing: Ratio or method for distributing profits and losses among partners
8. Management and Control: Basic governance structure and decision-making processes
9. Duration: Intended term of the partnership and any renewal provisions
10. Confidentiality: Basic confidentiality obligations regarding the term sheet and negotiations
11. Exclusivity: Period during which parties agree not to negotiate with other potential partners
12. Binding Effect: Clear statement of which provisions are binding and non-binding
13. Next Steps: Timeline and process for moving toward definitive agreements
14. Governing Law: Confirmation of Dutch law as governing law
15. Signatures: Execution blocks for all parties
1. Intellectual Property: Preliminary terms for IP ownership and licensing when IP is a significant component of the partnership
2. Key Personnel: Identification of key individuals and their roles when specific expertise or involvement is crucial
3. Regulatory Approvals: Required regulatory clearances when the partnership operates in regulated industries
4. Territory and Exclusivity: Geographic scope and any territorial restrictions when partnership has geographic limitations
5. Exit Mechanisms: Preliminary terms for partner exit when early discussion of exit strategy is important
6. External Financing: Proposed financing arrangements when external funding is contemplated
7. Non-Competition: Basic non-compete provisions when protecting competitive interests is crucial
8. Milestone Requirements: Key business or performance milestones when the partnership is milestone-dependent
1. Schedule A - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions, including valuation of non-cash contributions
2. Schedule B - Business Plan Summary: High-level overview of the partnership's business plan and key objectives
3. Schedule C - Key Commercial Terms: Summary of principal commercial terms agreed between the parties
4. Appendix 1 - Corporate Structure Diagram: Visual representation of the proposed partnership structure when complex
5. Appendix 2 - Timeline: Proposed timeline for finalizing the partnership agreement and launching operations
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Definitive Agreements
Effective Date
Encumbrance
General Partner
Initial Capital Contribution
Intellectual Property Rights
Limited Partner
Management Board
Material Adverse Change
Partner
Partnership
Partnership Interest
Partnership Property
Profit Share
Related Party
Reserved Matters
Term Sheet
Territory
Transfer
VOF
CV
Maatschap
Handelsregister
Signing Date
Working Capital
Business Assets
Partnership Agreement
Governing Law
Key Personnel
Material Contract
Operating Expenses
Regulatory Approvals
Definitions
Partnership Structure
Business Purpose
Capital Contributions
Profit and Loss Sharing
Management and Control
Decision Making
Partner Rights and Obligations
Duration and Term
Admission of New Partners
Transfer Restrictions
Exit Rights
Confidentiality
Non-Competition
Intellectual Property
Financial Reporting
Tax Matters
Regulatory Compliance
Exclusivity
Due Diligence
Binding Effect
Conditions Precedent
Governing Law
Dispute Resolution
Partnership Registration
Territory
Partner Representations
Further Assurances
Notices
Amendment
Severability
Entire Agreement
Force Majeure
Termination Rights
Good Faith
Costs and Expenses
Professional Services
Technology
Real Estate
Manufacturing
Retail
Healthcare
Construction
Financial Services
Agriculture
Energy
Media and Entertainment
Hospitality
Consulting
Education
Transport and Logistics
Legal
Corporate Development
Business Development
Finance
Strategy
Operations
Commercial
Executive Leadership
Investment
Risk Management
Chief Executive Officer
Managing Director
Business Development Manager
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Partnership Manager
Business Owner
Entrepreneur
Investment Manager
Operations Director
Commercial Director
Strategy Manager
General Counsel
Company Secretary
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