The 50-50 Partnership Agreement is a crucial document for businesses in New Zealand where two parties wish to establish an equal partnership arrangement. This document is particularly relevant when partners want to formalize their business relationship with equal rights, responsibilities, and profit sharing. It's designed to comply with the New Zealand Partnership Act 2019 and related commercial legislation, providing a robust framework for partnership governance. The agreement typically includes comprehensive provisions for capital contributions, management structure, profit distribution, dispute resolution, and exit strategies. It's especially important for new business ventures, professional practices, or existing businesses transitioning to a partnership model where equal control and profit sharing is desired. The document serves as both a regulatory compliance tool and a roadmap for the partnership's operation, helping prevent future disputes and misunderstandings.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the partners entering into the agreement with their full legal names and addresses
2. Background: Explains the context and purpose of the partnership, including the business objectives
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Partnership Formation: Details of partnership establishment, commencement date, and business name
5. Capital Contributions: Specifies initial and ongoing capital contributions from each partner
6. Profit and Loss Sharing: Details the 50-50 split of profits and losses, including distribution timing
7. Management and Decision Making: Outlines day-to-day management responsibilities and decision-making processes
8. Partners' Duties and Obligations: Defines core responsibilities, duties of good faith, and conduct expectations
9. Banking and Financial Records: Specifies banking arrangements and requirements for financial record-keeping
10. Partnership Property: Defines ownership and use of partnership assets and intellectual property
11. Term and Termination: Duration of partnership and circumstances for termination
12. Dispute Resolution: Process for resolving disagreements between partners
13. General Provisions: Standard legal clauses including governing law, notices, and amendments
1. Non-Competition: Restricts partners from competing with the partnership - relevant for specialized or competitive industries
2. Intellectual Property Rights: Detailed IP provisions - important for knowledge-based or creative businesses
3. Insurance: Specific insurance requirements - relevant for high-risk businesses or regulatory requirements
4. Employment of Partners: Terms for partners working in the business - needed if partners take active operational roles
5. Additional Capital: Procedures for raising additional capital - important for growth-focused businesses
6. Third Party Dealings: Rules for engaging with external parties - relevant for businesses with significant external relationships
7. Death or Incapacity: Succession planning provisions - important for long-term partnerships or high-value businesses
8. Digital Assets and Social Media: Management of online presence - relevant for businesses with significant digital operations
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions, including valuations
2. Schedule 2: Business Plan: Initial business plan and strategic objectives
3. Schedule 3: Partnership Assets: Comprehensive list of partnership assets and their agreed values
4. Schedule 4: Intellectual Property Register: List of IP owned by or licensed to the partnership
5. Schedule 5: Operating Procedures: Day-to-day operational procedures and policies
6. Schedule 6: Authorized Actions: List of actions requiring unanimous consent vs. individual partner authority
7. Appendix A: Partner Contact Details: Full contact information for all partners and key stakeholders
8. Appendix B: Bank Account Details: Partnership bank account information and signing authorities
Find the exact document you need
Technology Partner Agreement
A New Zealand-governed agreement establishing terms and conditions for technology partnerships, covering technical, commercial, and legal aspects of the collaboration.
Download
Rent Agreement Between Partnership Firm And Individual
A New Zealand-compliant rental agreement between a partnership firm (landlord) and an individual tenant, incorporating partnership-specific provisions and residential tenancy requirements.
Download
Deed Of Assignment Of Partnership Interest
A New Zealand legal document that formally transfers a partner's interest in a partnership to another party, complying with NZ partnership and property law requirements.
Download
Deed For Partnership Firm
A New Zealand-governed legal document establishing a business partnership and defining partners' rights, responsibilities, and operational framework.
Download
Business Partnership Agreement
A New Zealand-governed agreement establishing the terms and conditions between business partners, including rights, responsibilities, and operational framework.
Download
Limited Partnership Subscription Agreement
A New Zealand-governed agreement facilitating investor subscription and admission to a limited partnership, setting out investment terms and regulatory compliance requirements.
Download
Partnership Agreement Between Two Companies
A New Zealand-governed agreement establishing a formal partnership between two companies, defining their business relationship, rights, and obligations.
Download
Venture Capital Partnership Agreement
A New Zealand-governed agreement establishing a venture capital partnership structure, defining relationships between general partners, limited partners, and key operational parameters.
Download
Reseller Partnership Agreement
A New Zealand-governed agreement establishing the terms for a supplier-reseller commercial relationship, including distribution rights, obligations, and operational parameters.
Download
Non Binding Partnership Agreement
A New Zealand-compliant framework document outlining proposed partnership terms and structure without creating legally binding obligations between parties.
Download
Letter Of Intent Partnership Agreement
A preliminary agreement under New Zealand law outlining intended partnership terms and conditions, serving as a framework for negotiation and due diligence.
Download
Contract For LLC Partnership
A New Zealand-governed agreement establishing an LLC Partnership structure, defining partner rights, responsibilities, and operational framework.
Download
Accounting Firm Partnership Agreement
A New Zealand-governed agreement establishing the partnership structure, rights, and obligations for an accounting firm's partners.
Download
Distributorship Contract
A New Zealand-governed agreement establishing terms for product distribution between supplier and distributor, including territorial rights, obligations, and commercial terms.
Download
Software Distributor Agreement
A New Zealand-governed agreement establishing the terms for software distribution, including licensing, territory rights, and commercial terms.
Download
Social Media Partnership Agreement
A New Zealand-governed agreement establishing terms and conditions for social media marketing partnerships and content creation activities.
Download
Partnership Deed
A legal agreement under New Zealand law establishing a partnership between two or more parties, defining their rights, responsibilities, and business relationship.
Download
Limited Company Partnership Agreement
A New Zealand-governed agreement establishing a partnership structure with a limited company partner, defining rights, obligations, and operational framework under NZ law.
Download
Legal Partnership Agreement
A New Zealand-governed agreement establishing a formal partnership between two or more parties, defining their rights, responsibilities, and business relationship.
Download
Domestic Partnership Declaration
A legal document under New Zealand law that formally establishes a domestic partnership between two individuals, defining their rights and obligations.
Download
Venture Partner Agreement
A New Zealand-governed agreement establishing the terms and conditions between a venture capital firm and a venture partner, including roles, compensation, and investment responsibilities.
Download
Technology Partnership Agreement
A New Zealand-governed agreement establishing terms and conditions for technology-focused partnerships between organizations, covering IP rights, technical collaboration, and operational procedures.
Download
Startup Partnership Agreement
A New Zealand-governed agreement establishing the terms and conditions of a startup partnership, including ownership, management, and operational framework.
Download
Software Partnership Agreement
A New Zealand law-governed agreement establishing terms and conditions for software development and commercialization partnerships between multiple parties.
Download
Software Partner Agreement
A New Zealand-governed agreement establishing the terms and conditions for software partnership arrangements, including licensing, revenue sharing, and operational requirements.
Download
Sponsorship Partnership Agreement
A New Zealand-governed agreement that establishes the terms and conditions of a sponsorship partnership, including rights, obligations, and commercial terms.
Download
Shareholders Agreement Joint Venture
A New Zealand-governed agreement establishing shareholders' rights and obligations in a joint venture company, including governance, operations, and exit provisions.
Download
Service Partner Agreement
A New Zealand-governed agreement establishing terms and conditions between a company and its service partner for the provision of specified services.
Download
Simple Limited Partnership Agreement
A New Zealand-governed agreement establishing a limited partnership structure, defining partner relationships and operational framework under local law.
Download
Revenue Share Partnership Agreement
A New Zealand-governed agreement establishing terms for revenue sharing between partners, including calculation methods and payment terms.
Download
Restaurant Profit Sharing Agreement
A New Zealand-compliant agreement establishing profit-sharing arrangements between restaurant business stakeholders, including calculation methods and distribution terms.
Download
Salaried Partner Agreement
A New Zealand law-governed agreement establishing the terms and conditions for appointing a salaried partner in a professional services firm.
Download
Real Estate Joint Venture Agreement
A New Zealand-governed agreement establishing a joint venture between parties for real estate investment or development, outlining rights, obligations, and profit-sharing arrangements.
Download
Property Partnership Agreement
A New Zealand-governed agreement establishing a partnership structure for joint property ownership, development, and management.
Download
Product Partnership Agreement
A New Zealand law-governed agreement establishing terms for product-based partnership between parties, covering distribution rights, quality standards, and commercial terms.
Download
Preferred Partnership Agreement
A New Zealand-governed agreement establishing preferential partnership terms between parties, including exclusive arrangements and mutual obligations.
Download
Preferred Partner Agreement
A New Zealand law-governed agreement establishing a preferred partnership arrangement between organizations, defining preferential terms and strategic collaboration frameworks.
Download
Pre Partnership Agreement
A New Zealand-governed agreement that sets out terms and conditions for parties exploring a potential business partnership, including due diligence and confidentiality provisions.
Download
Partnership Purchase Agreement
A New Zealand law-governed agreement for the sale and purchase of partnership interests, detailing transaction terms and partner obligations.
Download
Partnership Contract Agreement
A New Zealand law-governed agreement establishing the terms and conditions for a business partnership, including partner rights, responsibilities, and operational framework.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it