Memorandum Of Partnership Template for Philippines

1. Intellectual Property Rights: Used when the partnership owns or develops intellectual property

2. Non-Competition and Confidentiality: Include when partners need to be restricted from competing or sharing sensitive information

3. Insurance: Required when specific insurance coverage needs to be maintained

4. Employee Management: Include when the partnership will have employees

5. Assignment and Transfer of Interest: Used when partners want specific rules about transferring their partnership interests

6. Death or Incapacity of Partners: Include detailed procedures for handling partner death or incapacity

7. Additional Capital Calls: Include when there might be needs for additional capital in the future

8. International Operations: Required when partnership will operate internationally

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

2. Schedule B - Profit Sharing Ratios: Specific percentages or formulas for profit and loss distribution

3. Schedule C - Partner Contact Information: Complete contact details for all partners

4. Schedule D - Business Plan: Initial business plan and objectives of the partnership

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

6. Appendix 1 - Partnership Policies: Internal policies and procedures for partnership operation

7. Appendix 2 - Signing Authorities: Details of partner signing authorities and limitations