Co Owner Business Contract Template for New Zealand

1. Intellectual Property: Addresses ownership and use of intellectual property when the business involves significant IP assets

2. Non-Competition: Restricts co-owners from competing with the business when there are competitive concerns

3. Insurance: Specifies required insurance coverage when the business has significant risk exposure

4. Employee Management: Procedures for hiring and managing employees when the business will have employees

5. External Financing: Provisions for obtaining and managing external financing when anticipated

6. Business Succession: Procedures for business continuation in case of death or incapacity of a co-owner

7. Confidentiality: Detailed confidentiality provisions when the business involves sensitive information

1. Schedule 1: Business Plan: Detailed business plan including strategy, objectives, and operational procedures

2. Schedule 2: Capital Contributions: Detailed breakdown of initial and committed capital contributions from each co-owner

3. Schedule 3: Asset Register: List and details of all business assets including ownership status

4. Schedule 4: Operational Procedures: Detailed procedures for day-to-day business operations

5. Schedule 5: Financial Procedures: Detailed procedures for financial management and reporting

6. Schedule 6: Designated Roles: Detailed description of specific roles and responsibilities assigned to each co-owner

7. Appendix A: Key Performance Indicators: Metrics for measuring business and individual performance

8. Appendix B: Compliance Requirements: List of regulatory and compliance requirements specific to the business