The Salaried Partner Agreement is utilized when a professional services firm wishes to elevate a senior professional to partner status while maintaining an employment relationship rather than granting full equity partnership. This hybrid arrangement, common in the Philippines, provides the status and certain privileges of partnership while offering the security of a fixed salary and employment benefits. The document needs to comply with Philippine labor laws, partnership regulations, and professional standards, making it particularly important to balance partner rights with employment obligations. The agreement typically includes detailed provisions on compensation, governance rights, professional duties, restrictive covenants, and termination procedures, while considering local legal requirements and market practices in the Philippines.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the partnership/firm and the incoming salaried partner
2. Background: Context of the agreement, including the firm's structure and the basis for appointing the salaried partner
3. Definitions: Key terms used throughout the agreement including 'Salaried Partner', 'Partnership', 'Profit Share', etc.
4. Appointment and Term: Terms of appointment as salaried partner, including commencement date and duration
5. Status and Duties: Definition of the salaried partner's role, responsibilities, and authority within the firm
6. Compensation and Benefits: Base salary, bonus structure, benefits, and any profit-sharing arrangements
7. Working Hours and Leave: Expected working arrangements and entitlement to various types of leave
8. Governance Rights: Voting rights and participation in partnership decisions
9. Professional Requirements: Maintenance of professional qualifications, insurance, and compliance obligations
10. Confidentiality: Obligations regarding firm and client confidential information
11. Non-Competition and Non-Solicitation: Restrictions during and after the agreement term
12. Intellectual Property: Ownership and rights regarding work product and firm IP
13. Termination: Grounds and procedures for termination of the agreement
14. Post-Termination Obligations: Continuing obligations after agreement termination
15. General Provisions: Standard boilerplate clauses including governing law, notices, and amendments
1. Capital Contribution: Required if the salaried partner is expected to make any capital investment in the firm
2. Client Development: Specific requirements for business development if applicable to the role
3. International Assignments: Include if the partner may be required to work in other jurisdictions
4. Partnership Track: Include if there's a defined path to equity partnership
5. Performance Metrics: Specific KPIs or performance evaluation criteria if required
6. Retirement Benefits: Special retirement arrangements if offered
7. Mobility Clause: Include if the partner may be required to relocate or work from different offices
1. Schedule 1 - Compensation Structure: Detailed breakdown of salary, bonus structure, and profit-sharing calculations
2. Schedule 2 - Benefits Package: Comprehensive list of benefits and entitlements
3. Schedule 3 - Position Description: Detailed outline of roles, responsibilities, and reporting relationships
4. Schedule 4 - Partnership Policies: Key firm policies applicable to salaried partners
5. Schedule 5 - Professional Development Requirements: Required training, certifications, and continuing education
6. Appendix A - Restrictive Covenants: Detailed terms of non-compete and non-solicitation obligations
7. Appendix B - Firm Structure: Organization chart and governance structure of the firm
Find the exact document you need
Product Reseller Agreement
A legal agreement under Philippine law establishing terms and conditions between a supplier and reseller for product distribution and resale.
Download
Industrial Partner Contract
A Philippine law-governed agreement establishing partnership terms between industrial entities for manufacturing, technology, or service cooperation.
Download
Partnership Agreement For Hotel Business
A Philippine law-governed agreement establishing partnership terms and operational framework for hotel business ventures.
Download
Technology Partner Agreement
A Philippine law-governed agreement establishing terms and conditions for technology partnerships, including licensing, data protection, and service delivery requirements.
Download
Budget Partnership Agreement
A Philippine law-governed agreement establishing partnership between government agencies and civil society organizations for participatory budgeting and public expenditure monitoring.
Download
Non Binding Partnership Agreement
A preliminary framework document under Philippine law that outlines intended partnership arrangements without creating legally binding obligations.
Download
Limited Liability Limited Partnership Agreement
A Philippine law-governed agreement establishing a Limited Liability Limited Partnership, defining partner rights, management structure, and liability protection mechanisms.
Download
Domestic Partnership Letter
A formal document used in the Philippines to establish and document a domestic partnership arrangement, outlining terms of cohabitation and mutual responsibilities within Philippine civil law framework.
Download
Start Up Business Partnership Agreement
A Philippine law-governed agreement establishing the terms and conditions of a startup business partnership, including ownership, management, and operational framework.
Download
Contract For LLC Partnership
A Philippine law-governed agreement establishing an LLC partnership structure, defining partner relationships, management rights, and operational procedures.
Download
Joint Venture Proposal
A Philippine law-governed proposal document outlining the terms and structure of a proposed joint venture arrangement between multiple parties, ensuring compliance with local corporate and investment regulations.
Download
Software Distributor Agreement
A Philippine law-governed agreement establishing terms for software distribution rights between a licensor and distributor, including territorial rights and compliance requirements.
Download
Social Media Partnership Agreement
A Philippine law-governed agreement establishing terms and conditions for social media partnerships, including content management, rights, and obligations.
Download
Domestic Partnership Declaration
A formal declaration establishing a domestic partnership between two individuals under Philippine jurisdiction, primarily recognized through local government ordinances.
Download
Collaboration Partnership Agreement
A legally binding agreement under Philippine law that establishes and governs collaborative business partnerships between multiple parties, defining their rights, responsibilities, and operational framework.
Download
Venture Partner Agreement
A Philippine law-governed agreement establishing the relationship between a venture capital firm and a venture partner, including roles, compensation, and obligations.
Download
Term Sheet For Partnership Agreement
A preliminary document under Philippine law that outlines key terms and conditions for a proposed business partnership, serving as a foundation for the final partnership agreement.
Download
Temporary Partnership Agreement
A Philippine law-compliant agreement establishing a temporary partnership for a specific project or duration, defining partner rights, responsibilities, and dissolution terms.
Download
Technical Partnership Agreement
A legal framework for technical collaboration between parties under Philippine law, governing technology transfer, IP rights, and technical resource sharing.
Download
Startup Partnership Agreement
A Philippine law-governed agreement establishing partnership terms and conditions between startup founders, including ownership, management, and operational frameworks.
Download
Software Partnership Agreement
A Philippine law-governed agreement establishing terms and conditions for software partnership collaboration, including development, distribution, and implementation rights and obligations.
Download
Software Partner Agreement
A Philippine law-governed agreement establishing partnership terms between software providers and their business partners for software distribution and implementation.
Download
Sponsorship Partnership Agreement
A Philippine law-governed agreement establishing terms and conditions for sponsorship partnerships, including rights, obligations, and commercial terms.
Download
Shareholders Agreement Joint Venture
A Philippine law-governed agreement establishing terms between joint venture shareholders, outlining rights, obligations, and governance structures while ensuring compliance with local corporate regulations.
Download
Service Partner Agreement
A Philippine law-governed agreement establishing terms and conditions between a service provider and client company for the provision of specified services.
Download
Simple Partnership Dissolution Agreement
A Philippine law-governed agreement that formally dissolves a partnership and outlines the terms for winding up partnership affairs.
Download
Simple Limited Partnership Agreement
A Philippine law-governed agreement establishing a limited partnership with defined roles for general and limited partners, including management rights and liability limitations.
Download
Revenue Share Partnership Agreement
A Philippine law-governed agreement establishing terms for revenue sharing partnerships, including distribution mechanisms and party obligations.
Download
Restaurant Profit Sharing Agreement
A Philippine law-governed agreement establishing profit sharing arrangements and operational terms between parties in a restaurant business.
Download
Sales Cooperation Agreement
A Philippine law-governed agreement establishing terms for sales collaboration between parties, including territorial rights, commissions, and operational procedures.
Download
Salaried Partner Agreement
A Philippine-law governed agreement establishing the terms and conditions for a salaried partner position, combining employment and partnership elements.
Download
Real Estate Limited Partnership Agreement
A Philippine law-governed agreement establishing a limited partnership structure for real estate investments, defining partner roles, responsibilities, and profit-sharing arrangements.
Download
Real Estate Joint Venture Agreement
Philippine-law governed agreement establishing a joint venture between parties for real estate development, defining contributions, profit-sharing, and operational terms.
Download
Profit Sharing Ratio Partnership Agreement
A Philippine law-governed agreement establishing partnership terms and profit-sharing ratios between multiple parties, detailing financial distributions and operational responsibilities.
Download
Profit Sharing Agreement In Business Partnership
A Philippine law-governed agreement establishing profit sharing terms and conditions between business partners, including profit distribution, management rights, and partner obligations.
Download
Profit And Loss Partnership Agreement
A Philippine law-governed agreement establishing partnership terms, profit-loss sharing arrangements, and operational guidelines between partners.
Download
Product Partnership Agreement
A Philippine law-governed agreement establishing terms for product-related partnerships between parties, covering development, manufacture, distribution, or commercialization arrangements.
Download
Preliminary Partnership Agreement
A Philippine law-governed agreement establishing preliminary terms for exploring and negotiating a potential business partnership.
Download
Preferred Partner Agreement
A Philippine law-governed agreement establishing a preferential business relationship between parties, defining exclusive rights, obligations, and commercial terms for strategic partnership.
Download
Pre Partnership Agreement
A Philippine law-governed agreement establishing terms for exploring and negotiating a potential business partnership.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it