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1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and intended business purpose
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Partnership Formation: Terms establishing the partnership, including commencement date and business name
5. Partnership Business: Description of the business activities and scope of the partnership
6. Capital Contributions: Details of 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: Governance structure and decision-making processes
9. Partners' Duties and Obligations: Key responsibilities and obligations of all partners
10. Financial Management: Procedures for managing partnership finances, accounts, and records
11. Banking and Financial Records: Banking arrangements and requirements for financial record-keeping
12. Addition and Retirement of Partners: Procedures for adding new partners or handling partner retirement
13. Termination and Dissolution: Circumstances and procedures for ending the partnership
14. Dispute Resolution: Process for resolving disputes between partners
15. General Provisions: Standard legal clauses including notices, governing law, and amendments
1. Intellectual Property Rights: Provisions for IP ownership and usage when the partnership involves intellectual property
2. Non-Competition and Confidentiality: Restrictions on competing activities and handling of confidential information
3. Insurance Requirements: Specific insurance obligations when the partnership requires particular coverage
4. Executive Committee: Structure and powers of an executive committee for larger partnerships
5. International Operations: Additional provisions for partnerships operating across multiple jurisdictions
6. Employee Management: Procedures for hiring and managing employees if the partnership will have staff
7. Property Management: Provisions for handling partnership property and assets if significant physical assets are involved
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and agreed future capital contributions
2. Schedule 2: Profit Sharing Ratios: Specific percentages or formulas for profit and loss distribution
3. Schedule 3: Partnership Assets: Comprehensive list of partnership assets and their agreed values
4. Schedule 4: Business Plan: Initial business plan and strategic objectives
5. Schedule 5: Management Structure: Detailed organizational structure and management responsibilities
6. Appendix A: Partner Contact Details: Complete contact information for all partners
7. Appendix B: Banking Arrangements: Details of partnership bank accounts and authorized signatories
Business
Business Day
Business Hours
Business Name
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Dispute
Distribution
Effective Date
Financial Year
GST
Initial Capital
Intellectual Property
Law
Material Change
Notice
Partner
Partnership
Partnership Assets
Partnership Interest
Partnership Property
Profit and Loss
Quarter
Related Party
Relevant Interest
Resolution
Special Resolution
Term
Territory
Transfer
Unanimous Resolution
Working Capital
Working Day
Partnership Term
Capital Contributions
Profit and Loss Sharing
Management Rights
Decision Making
Voting Rights
Financial Management
Banking Arrangements
Partner Duties
Non-Competition
Confidentiality
Intellectual Property
Addition of Partners
Retirement of Partners
Death of Partner
Transfer of Interest
Partnership Property
Business Operations
Accounting and Records
Partner Meetings
Distribution of Profits
Dispute Resolution
Mediation
Arbitration
Termination
Dissolution
Force Majeure
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Good Faith
Insurance
Indemnification
Further Assurance
Costs
Professional Services
Retail
Manufacturing
Technology
Agriculture
Construction
Healthcare
Hospitality
Real Estate
Financial Services
Consulting
Creative Industries
Education
Environmental Services
Legal
Finance
Executive Leadership
Operations
Commercial
Business Development
Compliance
Corporate Governance
Strategy
Risk Management
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Business Development Manager
Legal Counsel
Company Secretary
Operations Manager
Finance Director
Managing Director
Entrepreneur
Professional Partner
General Counsel
Commercial Director
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