Generic Partnership Agreement Template for Philippines

1. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property, necessary when the partnership involves IP assets

2. Non-Competition: Restrictions on partners competing with the partnership, useful for protecting business interests

3. Confidentiality: Provisions for protecting confidential information, important when dealing with sensitive business information

4. Insurance: Requirements for partnership insurance coverage, recommended for high-risk businesses

5. Employee Management: Procedures for hiring and managing employees, necessary when the partnership will have employees

6. Additional Capital Calls: Procedures for requesting additional capital from partners, useful for businesses anticipating future capital needs

7. Foreign Investment Provisions: Special provisions required when one or more partners are foreign entities

8. Exit Strategy: Detailed procedures for partner exit scenarios, useful for long-term partnerships

1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial capital contributions, including valuations of non-cash contributions

2. Schedule B - Profit Sharing Ratios: Detailed breakdown of profit and loss sharing arrangements, including any special allocations

3. Schedule C - Partner Information: Detailed information about each partner, including contact details and tax information

4. Schedule D - Business Plan: Initial business plan and operational strategy

5. Schedule E - Assets Register: List of partnership assets and their allocated values

6. Appendix 1 - Management Procedures: Detailed procedures for partnership management and decision-making

7. Appendix 2 - Accounting Policies: Specific accounting policies and procedures to be followed by the partnership