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1. Parties: Details of all partners entering into the partnership, including full names, addresses, and ID/passport numbers
2. Background: Context of the partnership formation and brief description of the hotel business venture
3. Definitions: Key terms used throughout the deed including 'Partnership', 'Hotel', 'Business Premises', 'Operating Licenses', etc.
4. Partnership Formation: Declaration of partnership formation, business name, and commencement date
5. Business Scope: Detailed description of hotel business activities covered under the partnership
6. Capital Contribution: Details of initial capital contributed by each partner, including cash, property, or other assets
7. Profit and Loss Sharing: Ratio and terms for distribution of profits and losses among partners
8. Management and Control: Management structure, decision-making process, and partners' roles in hotel operations
9. Banking and Finance: Banking arrangements, signing authorities, and financial management procedures
10. Operational Responsibilities: Division of responsibilities for hotel management, staff, and day-to-day operations
11. Compliance and Licensing: Obligations regarding hotel licenses, permits, and regulatory compliance
12. Partner Meetings: Procedures for regular and special partner meetings, voting rights, and decision thresholds
13. Accounts and Audit: Requirements for maintaining accounts, conducting audits, and financial reporting
14. Admission and Retirement: Process for admitting new partners or handling partner retirement
15. Dissolution and Termination: Circumstances and procedures for partnership dissolution
16. Dispute Resolution: Methods for resolving disputes between partners
17. Governing Law: Specification of Pakistani law as governing law and jurisdiction
1. Intellectual Property Rights: Management of hotel branding, trademarks, and other IP assets - needed if the partnership owns significant IP
2. Non-Compete Clause: Restrictions on partners engaging in competing hotel businesses - recommended for larger operations
3. Insurance: Specific insurance requirements beyond standard coverage - important for luxury or specialized hotels
4. Environmental Compliance: Special environmental obligations - necessary for eco-hotels or properties in sensitive areas
5. Foreign Investment: Additional provisions for foreign partners - required when international investors are involved
6. Marketing and Branding: Specific provisions for hotel marketing and brand management - important for branded properties
7. Staff Housing: Provisions for employee accommodation - relevant for remote location hotels
8. Force Majeure: Provisions for handling unexpected events - particularly relevant post-COVID
1. Schedule A - Property Details: Detailed description of hotel property, including land, buildings, and facilities
2. Schedule B - Asset Inventory: Complete inventory of hotel furniture, equipment, and other assets
3. Schedule C - Capital Contributions: Detailed breakdown of each partner's capital contribution including valuations
4. Schedule D - Management Structure: Organizational chart and detailed management responsibilities
5. Schedule E - Operating Licenses: List of all required licenses and permits with renewal dates
6. Schedule F - Insurance Policies: Details of all insurance policies and coverage
7. Schedule G - Partner Contact Details: Complete contact information for all partners and key representatives
8. Appendix 1 - Standard Operating Procedures: Basic hotel operating procedures and standards
9. Appendix 2 - Financial Procedures: Detailed procedures for financial management and reporting
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