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Corporation Partnership Agreement
"I need a Corporation Partnership Agreement for a Saudi-owned technology services company being formed in Riyadh, with three corporate partners (all Saudi entities) contributing equal capital shares, planned to commence operations in March 2025."
1. Parties: Detailed identification of all partners, including full legal names, addresses, and commercial registration details
2. Background: Context of the partnership formation, business objectives, and confirmation of partners' intention to form a partnership
3. Definitions and Interpretation: Comprehensive definitions of terms used in the agreement and rules of interpretation
4. Partnership Structure and Duration: Legal form of partnership, commencement date, and term of partnership
5. Capital Contributions: Details of initial and subsequent capital contributions, valuation methods, and timing
6. Ownership and Shareholding: Distribution of ownership interests and share classes if applicable
7. Management and Control: Management structure, appointment of managers, powers and limitations
8. Partner Rights and Obligations: Detailed rights, duties, and responsibilities of all partners
9. Decision Making: Voting rights, quorum requirements, and decision-making processes
10. Profit and Loss Distribution: Method and timing of profit/loss allocation and distribution
11. Accounts and Records: Financial reporting requirements, accounting standards, and record-keeping obligations
12. Transfer of Interests: Rules regarding transfer of partnership interests, including pre-emptive rights
13. Partner Exit Provisions: Procedures for partner withdrawal, retirement, or death
14. Termination and Dissolution: Grounds for termination and procedures for partnership dissolution
15. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
16. General Provisions: Standard clauses including notices, amendments, and severability
1. Foreign Investment Provisions: Required when foreign partners are involved, addressing specific requirements under Saudi foreign investment laws
2. Intellectual Property Rights: Needed when the partnership owns or develops significant IP assets
3. Non-Competition and Confidentiality: Additional restrictions on partners' activities and information handling
4. Islamic Finance Compliance: Specific provisions ensuring Sharia compliance for financial arrangements
5. Industry-Specific Regulations: Additional provisions required for regulated industries
6. Employee Matters: Required when partnership has significant employment considerations or Saudization requirements
7. Related Party Transactions: Procedures for handling transactions with related parties or affiliates
8. Tag-Along and Drag-Along Rights: Additional exit provisions for more complex ownership structures
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives
3. Schedule 3 - Management Structure: Detailed organizational chart and management responsibilities
4. Schedule 4 - Reserved Matters: List of decisions requiring special approval
5. Schedule 5 - Initial Assets: Inventory of assets contributed to or owned by the partnership
6. Schedule 6 - Accounting Principles: Specific accounting policies and procedures
7. Schedule 7 - Partner Contact Details: Complete contact information for all partners and authorized representatives
8. Appendix A - Form of Transfer Notice: Standard form for notifying transfer of partnership interests
9. Appendix B - Shareholders' Resolution Template: Standard format for partnership resolutions
Authors
Applicable Law
Articles of Association
Board
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commercial Registration
Company
Confidential Information
Control
Corporate Partner
Defaulting Partner
Effective Date
Encumbrance
Financial Year
Foreign Partner
General Assembly
General Manager
Governmental Authority
Initial Capital
Intellectual Property Rights
Local Partner
Management Committee
Material Breach
Ministry of Commerce
Partner
Partnership
Partnership Interest
Profit and Loss
Related Party
Reserved Matters
Saudi Partner
Shareholders Resolution
Shares
Sharia
Special Resolution
Subsidiary
Tag-Along Rights
Territory
Transfer
Valuation
Vision 2030
Zakat
Definitions
Partnership Formation
Duration
Capital Contribution
Ownership Structure
Management Rights
Voting Rights
Decision Making
Partner Obligations
Profit and Loss Distribution
Banking and Finance
Capital Increase
Capital Decrease
Share Transfer Restrictions
Pre-emptive Rights
Tag-Along Rights
Drag-Along Rights
Board Composition
General Assembly
Reserved Matters
Financial Statements
Audit Rights
Distribution Policy
Partner Warranties
Non-Competition
Confidentiality
Intellectual Property
Related Party Transactions
Regulatory Compliance
Sharia Compliance
Foreign Investment
Employment Matters
Insurance
Force Majeure
Default
Termination
Dissolution
Exit Provisions
Valuation
Dispute Resolution
Governing Law
Notices
Assignment
Severability
Entire Agreement
Amendment
Counterparts
Manufacturing
Technology
Healthcare
Real Estate
Financial Services
Professional Services
Retail
Construction
Energy
Telecommunications
Logistics
Education
Tourism
Agriculture
Mining
Legal
Corporate Affairs
Board of Directors
Executive Leadership
Finance
Compliance
Corporate Governance
Business Development
Investment
Risk Management
Chief Executive Officer
Managing Director
Chief Legal Officer
Corporate Lawyer
Chief Financial Officer
Business Development Director
Company Secretary
Board Member
Compliance Officer
Investment Manager
Partner
Shareholders
General Counsel
Legal Director
Corporate Governance Officer
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