Operating Agreement Between Partners Template for Pakistan

1. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property - include when the partnership involves IP assets

2. Non-Competition and Confidentiality: Restrictions on competitive activities and protection of confidential information - important for knowledge-based businesses

3. Insurance: Requirements for business insurance coverage - relevant for high-risk operations

4. Employee Management: Procedures for hiring, managing, and terminating employees - include for larger partnerships with employees

5. International Operations: Provisions for international business activities - include if partnership operates across borders

6. Religious Compliance: Provisions ensuring compliance with Islamic banking and finance principles - include if partners require Shariah compliance

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

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

3. Schedule C - Partner Information: Detailed information about each partner including contact details and representatives

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

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

6. Appendix 1 - Management Procedures: Detailed procedures for day-to-day management and operation

7. Appendix 2 - Banking Resolution: Banking arrangements and authorized signatories

8. Appendix 3 - Compliance Requirements: List of regulatory compliance requirements and procedures