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Consultancy Partnership Agreement
"I need a Consultancy Partnership Agreement for a Saudi-based technology consulting firm partnering with a foreign consulting company, with specific provisions for profit sharing and intellectual property rights, to be effective from March 2025."
1. Parties: Identification of all partnership parties with full legal names and addresses
2. Background: Context of the partnership formation and brief description of each party's business
3. Definitions and Interpretation: Key terms used throughout the agreement and interpretation rules
4. Partnership Structure and Scope: Legal structure, purpose, and scope of the partnership's consulting activities
5. Term and Commencement: Duration of the partnership and conditions for commencement
6. Capital Contributions: Details of initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Distribution of profits and allocation of losses in compliance with Shariah principles
8. Management and Decision Making: Governance structure, voting rights, and decision-making processes
9. Partners' Duties and Obligations: Responsibilities and commitments of each partner
10. Client Engagement Process: Procedures for accepting and managing client consultancy projects
11. Financial Management: Banking, accounting, and financial reporting requirements
12. Intellectual Property Rights: Ownership and usage of IP created during partnership operations
13. Confidentiality: Protection of partnership and client confidential information
14. Competition and Non-Solicitation: Restrictions on competitive activities and client solicitation
15. Termination: Grounds and procedures for partnership termination
16. Governing Law and Dispute Resolution: Application of Saudi law and dispute resolution mechanisms
1. Shariah Compliance: Specific provisions ensuring compliance with Islamic law principles - required if partners want explicit Shariah compliance provisions
2. Foreign Partner Provisions: Additional requirements and obligations for non-Saudi partners - required if any partners are foreign entities
3. Zakat and Tax Provisions: Specific arrangements for Zakat and tax payments - required if partners have different tax/Zakat status
4. Insurance: Professional indemnity and other insurance requirements - optional based on risk profile
5. Force Majeure: Provisions for unforeseeable circumstances - optional but recommended
6. Assignment and Succession: Rules for transferring partnership interests - optional based on partners' preferences
7. Marketing and Branding: Guidelines for partnership branding and marketing - optional for larger partnerships
8. Environmental and Social Responsibility: Corporate responsibility commitments - optional based on partnership values
1. Schedule 1: Partner Details: Detailed information about each partner including qualifications and specializations
2. Schedule 2: Capital Contributions: Detailed breakdown of initial and committed capital contributions
3. Schedule 3: Profit Sharing Formula: Detailed calculation method for profit distribution
4. Schedule 4: Service Offerings: List and description of consultancy services offered by the partnership
5. Schedule 5: Management Procedures: Detailed procedures for day-to-day management and decision-making
6. Schedule 6: Client Engagement Template: Standard forms and procedures for client engagement
7. Schedule 7: Financial Procedures: Detailed financial management and reporting procedures
8. Appendix A: Power of Attorney: Standard format for partnership representation authorizations
9. Appendix B: Compliance Checklist: Regulatory and operational compliance requirements
Authors
Affiliate
Agreement
Applicable Laws
Authorized Representative
Business Day
Business Plan
Capital Account
Capital Contribution
Client
Client Agreement
Commencement Date
Confidential Information
Consulting Services
Control
Default Event
Deliverables
Effective Date
Encumbrance
Financial Year
Force Majeure Event
Governing Body
Initial Capital
Intellectual Property Rights
Management Committee
Managing Partner
Material Breach
Partnership
Partnership Assets
Partnership Interest
Partnership Property
Professional Standards
Profit Share
Project
Quarter
Related Party
Regulatory Approvals
Reserved Matters
Services
Shariah Principles
Subsidiary
Tax
Term
Territory
Third Party
Transfer
Working Capital
Zakat
Capital Contribution
Profit and Loss Sharing
Management and Control
Partner Rights and Obligations
Decision Making
Service Delivery
Client Engagement
Financial Management
Banking Arrangements
Accounting and Records
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Partner Restrictions
Professional Standards
Quality Control
Regulatory Compliance
Shariah Compliance
Insurance
Indemnification
Liability Limitation
Force Majeure
Assignment
Partnership Changes
Partner Exit
Partner Admission
Default
Termination
Dispute Resolution
Governing Law
Notices
Amendments
Entire Agreement
Severability
Third Party Rights
Further Assurance
Costs
Counterparts
Management Consulting
Information Technology
Financial Services
Engineering
Healthcare
Education
Energy and Utilities
Construction
Telecommunications
Environmental Services
Project Management
Human Resources
Strategy Consulting
Digital Transformation
Legal Services
Legal
Finance
Operations
Compliance
Corporate Governance
Business Development
Risk Management
Strategy
Professional Services
Partnership Management
Executive Management
Administrative Services
Managing Partner
Senior Consultant
Legal Counsel
Chief Executive Officer
Chief Financial Officer
Operations Director
Partnership Manager
Compliance Officer
Professional Services Director
Business Development Manager
Strategy Consultant
Risk Manager
Corporate Secretary
Managing Director
Senior Partner
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