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1. Parties: Identification and details of the partners entering into the 60-40 partnership
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Establishment of the 60-40 ownership ratio and partnership type
5. Capital Contributions: Details of initial and any agreed future capital contributions by partners
6. Profit and Loss Sharing: 60-40 profit and loss distribution mechanism and timing
7. Management and Control: Decision-making processes and management responsibilities
8. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial controls
9. Partners' Duties and Obligations: Specific responsibilities and commitments of each partner
10. Non-Competition and Confidentiality: Restrictions on competing activities and handling of confidential information
11. Duration and Term: Partnership duration and renewal terms
12. Termination and Exit: Conditions and procedures for partnership termination or partner exit
13. Dispute Resolution: Process for resolving disagreements between partners
14. Governing Law: Confirmation of Pakistani law governance and jurisdiction
1. Intellectual Property Rights: Used when the partnership will develop or use significant IP assets
2. Employee Management: Include when the partnership will have employees
3. Insurance: Required when specific insurance coverage needs to be maintained
4. Property Ownership: Include when partnership will own or lease property
5. International Operations: Add when partnership will conduct international business
6. Digital Assets and Online Presence: Include when partnership will maintain significant online operations
7. Force Majeure: Optional clause for protection against unforeseen circumstances
8. Succession Planning: Include when partners want to address future ownership transition
1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Schedule B - Profit Distribution Formula: Specific calculations and timing for the 60-40 profit distribution
3. Schedule C - Management Responsibilities: Detailed allocation of management duties between partners
4. Schedule D - Business Plan: Initial business plan and strategic objectives
5. Schedule E - Assets Register: List of partnership assets and their ownership status
6. Appendix 1 - Partner Information: Detailed contact and identification information for all partners
7. Appendix 2 - Bank Account Details: Partnership bank account information and signing authorities
Business
Business Day
Business Hours
Business Name
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Dispute
Distribution
Effective Date
Financial Year
Force Majeure Event
Intellectual Property Rights
Majority Partner
Managing Partner
Material Breach
Minority Partner
Net Profit
Operating Expenses
Partnership
Partnership Assets
Partnership Capital
Partnership Property
Profit and Loss Account
Quarter
Related Party
Reserved Matters
Share Ratio
Territory
Working Capital
Capital Contribution
Profit and Loss Sharing
Management Rights
Decision Making
Banking Arrangements
Financial Records
Partner Duties
Non-Competition
Confidentiality
Intellectual Property
Partnership Property
Transfer of Interest
Death or Incapacity
Termination
Dissolution
Dispute Resolution
Force Majeure
Notices
Governing Law
Amendment
Severability
Entire Agreement
Assignment
Indemnification
Insurance
Tax Matters
Accounting
Business Operations
Working Capital
Partner Meetings
Voting Rights
Reserved Matters
Exit Rights
Tag-Along Rights
Drag-Along Rights
Good Faith
Further Assurance
Retail
Manufacturing
Professional Services
Technology
Real Estate
Construction
Healthcare
Education
Food and Beverage
Consulting
Agriculture
Transportation and Logistics
Hospitality
Financial Services
Legal
Finance
Compliance
Corporate Governance
Business Development
Operations
Risk Management
Administrative
Executive Leadership
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Company Secretary
Finance Director
Operations Manager
Risk Manager
Compliance Officer
Partnership Manager
Business Consultant
Corporate Lawyer
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