Limited Liability Partnership Agreement Template for Philippines

1. Non-Competition: Restrictions on partners competing with the partnership - include when partners agree to post-partnership restrictions

2. Intellectual Property Rights: Ownership and use of partnership IP - important for professional services firms

3. Professional Indemnity Insurance: Insurance requirements - particularly relevant for professional service partnerships

4. International Operations: Rules for international business - include if partnership operates across borders

5. Additional Capital Contributions: Procedures for requiring additional capital - include if future capital calls are anticipated

6. Family Members Employment: Rules regarding employment of partners' family members - include if family involvement is expected

7. Retirement Benefits: Special provisions for retiring partners - include if retirement benefits are offered

8. Technology and Data Protection: Digital asset management and data protection - important for modern professional practices

1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution

2. Schedule 2: Partner Information: Detailed information about each partner including qualifications and specializations

3. Schedule 3: Profit Sharing Ratios: Detailed formula and calculations for profit distribution

4. Schedule 4: Management Responsibilities: Specific roles and responsibilities of managing partners

5. Schedule 5: Insurance Requirements: Details of required insurance coverage and minimum limits

6. Schedule 6: Approved Banks: List of approved banks for partnership accounts

7. Appendix A: Partnership Policies: Internal policies and procedures of the partnership

8. Appendix B: Professional Standards: Professional and ethical standards applicable to the partnership

9. Appendix C: Compliance Requirements: Regulatory compliance requirements specific to the partnership's field