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1. Parties: Identifies all co-founders entering into the agreement with their full legal names, addresses, and contact details
2. Background: Outlines the context of the partnership formation, business purpose, and shared vision
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Partnership Structure: Details the nature of partnership, ownership percentages, and capital contributions
5. Roles and Responsibilities: Defines each co-founder's specific roles, duties, and areas of responsibility
6. Decision Making: Establishes voting rights and processes for both routine and major decisions
7. Capital and Financing: Specifies initial and ongoing capital contributions, funding mechanisms, and financial obligations
8. Profit and Loss Sharing: Details how profits and losses will be distributed among co-founders
9. Intellectual Property Rights: Establishes ownership and rights over existing and future IP created during the partnership
10. Confidentiality: Defines confidential information and obligations to maintain confidentiality
11. Non-Compete and Non-Solicitation: Specifies restrictions on competitive activities and solicitation of employees/clients
12. Exit Provisions: Details procedures for voluntary exit, forced exit, and buy-out mechanisms
13. Termination: Specifies grounds and procedures for partnership termination
14. Dispute Resolution: Establishes procedures for resolving disputes between co-founders
15. Governing Law: Specifies that Pakistani law governs the agreement and jurisdiction for disputes
1. Vesting Schedule: Used when equity ownership is subject to time-based or milestone-based vesting
2. Death and Incapacity: Include when specific provisions for succession or continuation in case of death/incapacity are needed
3. External Investment: Include when anticipating future investment rounds and related equity dilution
4. Technology Transfer: Used when specific technology or IP needs to be transferred into the partnership
5. International Operations: Include when business operations extend beyond Pakistan
6. Family Members Involvement: Used when family members may be involved in the business
7. Religious Compliance: Include when partnership needs to comply with Islamic banking or financial principles
1. Schedule A - Business Plan: Detailed business plan including market analysis, strategy, and financial projections
2. Schedule B - Initial Capital Contributions: Detailed list of each founder's initial capital contributions (cash, assets, or services)
3. Schedule C - Intellectual Property Register: List of all IP assets brought into or created during the partnership
4. Schedule D - Roles and Responsibilities Matrix: Detailed breakdown of each founder's specific duties and areas of responsibility
5. Schedule E - Vesting Schedule: If applicable, detailed vesting terms and conditions for equity ownership
6. Schedule F - Key Performance Indicators: Metrics for measuring partnership and individual founder performance
7. Appendix 1 - Valuation Methodology: Agreed methods for valuing the partnership for buy-out or exit purposes
8. Appendix 2 - Dispute Resolution Procedures: Detailed procedures for mediation and arbitration
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Co-Founder
Deadlock
Default Event
Encumbrance
Fair Market Value
Financial Year
Force Majeure
Founding Team
Initial Capital
Intellectual Property Rights
Management Committee
Material Breach
Net Profit
Operating Expenses
Partnership
Partnership Assets
Partnership Interest
Pre-Existing IP
Profit Share Ratio
Related Party
Reserved Matters
Share
Territory
Transfer
Valuation
Vesting Period
Vesting Schedule
Working Capital
Competition
Dispute
Exit Event
Good Leaver
Bad Leaver
Insolvency Event
Key Performance Indicators
Material Change
Nominee
Prescribed Notice
Regulatory Approval
Restricted Business
Tag-Along Rights
Drag-Along Rights
Partnership Formation
Term and Duration
Business Purpose
Capital Contributions
Additional Capital
Ownership Structure
Profit and Loss Distribution
Management and Control
Decision Making
Voting Rights
Roles and Responsibilities
Meetings and Notices
Financial Management
Banking Arrangements
Accounting and Records
Intellectual Property Rights
Confidentiality
Non-Competition
Non-Solicitation
Technology Transfer
Representations and Warranties
Duties of Partners
Restricted Activities
Reserved Matters
Transfer Restrictions
Tag-Along Rights
Drag-Along Rights
Vesting
Performance Requirements
Default Events
Buy-Out Rights
Valuation Mechanism
Death and Incapacity
Voluntary Withdrawal
Force Majeure
Termination
Exit Provisions
Dispute Resolution
Governing Law
Amendment Procedures
Severability
Entire Agreement
Notices
Assignment
Force Majeure
Good Faith and Fair Dealing
Indemnification
Insurance
Compliance with Laws
Third Party Rights
Technology and Software
E-commerce
Professional Services
Manufacturing
Healthcare
Education Technology
Financial Services
Consulting
Real Estate
Retail
Media and Entertainment
Food and Beverage
Agriculture Technology
Renewable Energy
Logistics and Transportation
Legal
Executive Leadership
Finance
Corporate Development
Business Development
Operations
Strategy
Compliance
Corporate Governance
Risk Management
Chief Executive Officer
Managing Partner
Founder
Co-Founder
Chief Financial Officer
Chief Operating Officer
Chief Technology Officer
Legal Counsel
Company Secretary
Business Development Director
Partnership Manager
Startup Advisor
Corporate Lawyer
Business Consultant
Investment Manager
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