Co Ownership Business Agreement Template for Philippines

1. Intellectual Property Rights: Used when the business involves significant IP assets, detailing ownership and usage rights

2. Non-Competition: Required when co-owners want to restrict competitive activities

3. Confidentiality: Important for businesses with trade secrets or sensitive information

4. Insurance: Needed when specific insurance requirements are necessary for the business

5. Employee Management: Required when the business will have employees

6. Environmental Compliance: Necessary for businesses with environmental impact

7. Foreign Ownership Provisions: Required when any co-owner is not a Philippine national

8. Digital Assets Management: Important for businesses with significant online presence or digital assets

1. Schedule A - Initial Capital Contributions: Detailed list of each owner's initial capital contributions, including valuations

2. Schedule B - Business Assets: Comprehensive inventory of business assets owned by the co-ownership

3. Schedule C - Authorized Signatories: List of individuals authorized to sign on behalf of the business

4. Schedule D - Management Procedures: Detailed procedures for management meetings and decision-making

5. Schedule E - Valuation Methodology: Agreed methods for valuing the business and ownership interests

6. Appendix 1 - Business Plan: Initial business plan and strategic objectives

7. Appendix 2 - Compliance Requirements: List of required permits, licenses, and regulatory compliance obligations

8. Appendix 3 - Key Contracts: Summary of important contracts and agreements affecting the business