Limited Partnership Operating Agreement Template for Philippines

1. Tax Matters: Detailed tax provisions and appointment of tax matters partner - include when partnership has complex tax arrangements

2. Intellectual Property Rights: Provisions regarding ownership and use of IP - include when partnership's business involves significant IP

3. Non-Competition and Confidentiality: Restrictions on partners' competitive activities - include when protecting business interests is crucial

4. Foreign Investment Provisions: Specific provisions complying with Philippine foreign investment laws - include when foreign partners are involved

5. Bank Accounts and Financial Controls: Detailed financial management procedures - include for larger partnerships with complex financial operations

6. Insurance Requirements: Mandatory insurance coverage - include when business activities require specific insurance

7. Employee Matters: Provisions regarding hiring and managing employees - include when partnership will have employees

8. Related Party Transactions: Procedures for handling transactions with related parties - include when such transactions are anticipated

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

2. Schedule B - Partner Information: Complete partner details including contact information and partnership percentages

3. Schedule C - Business Plan: Initial business plan and strategic objectives of the partnership

4. Schedule D - Property Schedule: List and description of partnership's initial property and assets

5. Schedule E - Management Procedures: Detailed management and operational procedures

6. Appendix 1 - Form of Transfer Notice: Standard form for notifying transfer of partnership interests

7. Appendix 2 - Voting Procedures: Detailed procedures for partner voting and meetings

8. Appendix 3 - Financial Reporting Templates: Standard formats for financial reports and partner statements