60 40 Partnership Agreement for Pakistan

60 40 Partnership Agreement Template for Pakistan

A 60-40 Partnership Agreement is a legally binding document governed by Pakistani law, particularly the Partnership Act 1932, that establishes a partnership where profits, losses, and ownership are split in a 60-40 ratio between two partners. This agreement outlines the terms and conditions of the partnership, including capital contributions, management responsibilities, profit distribution mechanisms, dispute resolution procedures, and exit strategies. The document ensures compliance with Pakistani partnership laws while providing a clear framework for the unequal but defined partnership structure.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
60 40 Partnership Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a 60 40 Partnership Agreement?

The 60-40 Partnership Agreement is essential for businesses in Pakistan seeking to establish a partnership with an unequal ownership structure. This document is commonly used when one partner contributes more capital, expertise, or resources and therefore warrants a controlling interest (60%) while still providing significant ownership rights to the minority partner (40%). The agreement must comply with the Partnership Act 1932 and related Pakistani legislation, making it suitable for various business ventures from small enterprises to larger commercial operations. It thoroughly addresses all aspects of the partnership, including capital contributions, profit sharing, management rights, dispute resolution, and exit procedures, while ensuring that both partners' interests are protected despite the unequal ownership structure.

What sections should be included in a 60 40 Partnership Agreement?

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

What sections are optional to include in a 60 40 Partnership Agreement?

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

What schedules should be included in a 60 40 Partnership Agreement?

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Pakistan

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Retail

Manufacturing

Professional Services

Technology

Real Estate

Construction

Healthcare

Education

Food and Beverage

Consulting

Agriculture

Transportation and Logistics

Hospitality

Financial Services

Relevant Teams

Legal

Finance

Compliance

Corporate Governance

Business Development

Operations

Risk Management

Administrative

Executive Leadership

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Partnership Deed Accounting

A legal agreement under Pakistani law establishing a partnership between accounting professionals, defining their rights, obligations, and business operations.

find out more

Operating Agreement For Partnership LLC

A comprehensive legal agreement governing Partnership LLC operations in Pakistan, establishing management structure and partner relationships under Pakistani law.

find out more

Limited Partnership Deed

A Pakistani law-governed document establishing a limited partnership, defining partner rights, responsibilities, and operational framework.

find out more

Dissolution Partnership Deed

A legal document under Pakistani law that formally dissolves a partnership and establishes terms for winding up the business affairs.

find out more

Financial Partnership Agreement

A Pakistani law-governed agreement establishing a financial partnership, detailing capital contributions, profit-sharing, and operational framework.

find out more

Memorandum Of Understanding For Partnership

A preliminary partnership agreement under Pakistani law that outlines basic terms and conditions for business collaboration between partners.

find out more

Sleeping Partner Partnership Deed

A Pakistani legal document establishing a partnership where certain partners contribute capital without participating in business management, governed by the Partnership Act 1932.

find out more

Partnership Deed Construction Business

A legal agreement establishing a construction business partnership in Pakistan, defining partner relationships, responsibilities, and operational frameworks under Pakistani law.

find out more

Partnership Deed Between Three Partners

A legal agreement under Pakistani law establishing a partnership between three partners, defining their rights, responsibilities, and business relationship.

find out more

Term Sheet Partnership Agreement

A preliminary agreement outlining key partnership terms and conditions under Pakistani law, serving as a foundation for the final partnership agreement.

find out more

Partnership Agreement For Hotel Business

A Pakistani law-governed agreement establishing a partnership structure for hotel business operations, defining partner rights, responsibilities, and operational frameworks.

find out more

Reseller Partnership Agreement

A Pakistani law-governed agreement establishing terms and conditions between a principal company and reseller for product distribution and sales in specified territories.

find out more

Letter For Partnership Agreement

A concise formal document under Pakistani law that establishes basic terms and conditions for a business partnership arrangement.

find out more

Co Founder Partnership Agreement

A legally binding agreement under Pakistani law that establishes and governs the relationship between business co-founders, defining their rights, responsibilities, and obligations.

find out more

Partnership Deed For Hotel Business

A legal agreement under Pakistani law establishing a partnership structure for hotel business operations, defining partners' rights, responsibilities, and profit-sharing arrangements.

find out more

Deed Of Partnership Between Two Partners

A legally binding agreement under Pakistani law that establishes and governs a partnership between two individuals, outlining their rights, responsibilities, and business relationship.

find out more

Land Partnership Agreement

A legal agreement governed by Pakistani law that establishes terms for joint land ownership, development, or utilization between multiple parties.

find out more

Social Media Partnership Agreement

A Pakistani law-governed agreement establishing terms and conditions for social media partnerships, including content creation, revenue sharing, and compliance requirements.

find out more

Partnership Deed

A legal document under Pakistani law that establishes and governs a business partnership, defining rights, responsibilities, and obligations of all partners.

find out more

Formal Partnership Agreement

A legally binding partnership agreement under Pakistani law that establishes the terms and conditions for business partners' relationships and operations.

find out more

Collaboration Partnership Agreement

A Pakistani law-governed agreement establishing terms and conditions for business collaboration between multiple parties, including roles, responsibilities, and profit sharing arrangements.

find out more

Venture Partner Agreement

A Pakistan-law governed agreement establishing the terms and conditions of a venture partner relationship within a venture capital context.

find out more

Temporary Partnership Agreement

A Pakistan-law governed agreement establishing a temporary partnership between parties for a specific business purpose, outlining terms, duration, and dissolution procedures.

find out more

Technology Partnership Agreement

A Pakistani law-governed agreement establishing terms and conditions for technology partnerships between entities, covering technology transfer, IP rights, and operational requirements.

find out more

Technical Partnership Agreement

A Pakistani law-governed agreement establishing technical partnership terms, including IP rights, knowledge sharing, and operational responsibilities.

find out more

Strategic Technology Partnership Agreement

A Pakistani law-governed agreement establishing strategic technology partnerships between entities, covering technology collaboration, IP rights, and operational frameworks.

find out more

Startup Partnership Agreement

A legally binding agreement under Pakistani law that establishes and governs the partnership structure between startup co-founders and partners.

find out more

Software Partnership Agreement

A Pakistani law-governed agreement establishing partnership terms for software development collaboration, addressing IP rights, profit sharing, and operational procedures.

find out more

Software Partner Agreement

A Pakistani law-governed agreement establishing partnership terms between software companies, covering licensing, revenue sharing, and operational responsibilities.

find out more

Shareholders Agreement Joint Venture

A Pakistani law-governed agreement establishing the framework for a joint venture between shareholders, defining their rights and obligations under local legislation.

find out more

Service Partner Agreement

A Pakistani law-governed agreement establishing terms and conditions between a company and its service partner for the provision of specified services.

find out more

Revenue Share Partnership Agreement

A Pakistani law-governed agreement establishing revenue sharing terms and conditions between business partners, including calculation methods and distribution mechanisms.

find out more

Salaried Partner Agreement

A Pakistan-law governed agreement establishing terms for a salaried partner role, combining partnership status with employment rights in professional services firms.

find out more

Real Estate Limited Partnership Agreement

A Pakistani law-governed agreement establishing a limited partnership structure for real estate investments, defining partner relationships, contributions, and operational framework.

find out more

Real Estate Joint Venture Agreement

A legal agreement governing real estate joint ventures in Pakistan, establishing terms for property development and investment collaboration between multiple parties.

find out more

Profit Sharing Agreement In Business Partnership

A Pakistani law-governed agreement establishing profit sharing terms and partnership conditions between business partners, incorporating local statutory requirements and Islamic business principles.

find out more

Preliminary Partnership Agreement

A preliminary agreement establishing basic partnership terms and conditions between prospective partners under Pakistani law, serving as a framework for negotiating a full partnership.

find out more

Preferred Partner Agreement

A Pakistani law-governed agreement establishing a preferred partnership arrangement between entities, defining their privileged business relationship and mutual obligations.

find out more

Pre Partnership Agreement

A Pakistani law-governed agreement establishing preliminary terms and conditions for forming a future partnership between prospective partners.

find out more

Partnership Subscription Agreement

A legally binding agreement under Pakistani law governing the subscription and admission of a new partner into an existing partnership structure.

find out more
See more related templates

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

2 Docs LeftAccess Now