50 50 Business Partnership Contract Template for Philippines

1. Non-Compete: Restrictions on partners engaging in competing businesses, used when partners have other business interests

2. Intellectual Property Rights: IP ownership and usage rights, included when the business involves intellectual property

3. Employee Management: Procedures for hiring and managing employees, included when the partnership plans to have employees

4. Insurance: Required insurance coverage, included when business activities require specific insurance

5. External Investment: Procedures for accepting external investment, included if future external funding is anticipated

6. Partner Illness/Incapacity: Procedures in case of partner illness or incapacity, included for long-term partnerships

7. Social Media and Marketing: Guidelines for social media and marketing activities, included for customer-facing businesses

1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial capital contributions

2. Schedule B - Business Plan: Initial business plan and strategic objectives

3. Schedule C - Asset Register: List of partnership assets and their values

4. Schedule D - Designated Bank Accounts: Details of partnership bank accounts and signing authorities

5. Schedule E - Partner Contact Information: Detailed contact information and addresses for official notices

6. Appendix 1 - Operating Procedures: Day-to-day operational procedures and policies

7. Appendix 2 - Financial Procedures: Detailed financial management and accounting procedures