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Partnership Agreement Form
"I need a Partnership Agreement Form for a Saudi technology startup between three local partners, with equal profit sharing and specific provisions for intellectual property rights, aiming to launch operations by March 2025."
1. Parties: Identification of all partners, including full legal names, addresses, and registration details for corporate partners
2. Background: Context of the partnership formation, including the business purpose and intentions of the parties
3. Definitions: Key terms used throughout the agreement, including technical, financial, and legal terminology
4. Partnership Structure: Legal form of partnership, registration details, and compliance with Saudi Companies Law
5. Business Purpose: Detailed description of partnership's business activities and scope, ensuring Sharia compliance
6. Capital Contributions: Details of initial and ongoing capital contributions, including valuation of non-cash contributions
7. Profit and Loss Sharing: Distribution of profits and losses, including Zakat considerations and dividend policies
8. Management and Control: Partnership management structure, voting rights, and decision-making processes
9. Partner Rights and Obligations: Detailed responsibilities and rights of each partner, including operational involvement
10. Financial Management: Banking, accounting practices, financial reporting, and audit requirements
11. Transfer of Partnership Interests: Rules for transferring partnership shares, including pre-emptive rights and restrictions
12. Term and Termination: Duration of partnership and circumstances allowing termination or withdrawal
13. Dispute Resolution: Procedures for resolving disputes, including Saudi court jurisdiction and alternative resolution methods
14. Governing Law: Confirmation of Saudi law application and Sharia compliance requirements
15. General Provisions: Standard clauses including notices, amendments, and severability
1. Foreign Investment Provisions: Required when any partner is non-Saudi, addressing SAGIA requirements and foreign investment regulations
2. Intellectual Property Rights: Needed when the partnership involves significant IP assets or technology transfer
3. Non-Competition: Restrictions on partners' involvement in competing businesses, if agreed upon
4. Employee Matters: Required when partnership will have significant employment operations, addressing Saudization requirements
5. Religious Observance: Specific provisions for business operations during prayer times and religious holidays
6. Succession Planning: Required for family businesses or when specific succession arrangements are needed
7. Environmental Compliance: Needed for partnerships in industries with environmental impact
8. Technology and Data Protection: Required when partnership involves significant digital assets or personal data processing
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule 2: Business Plan: Initial business plan including financial projections and operational strategy
3. Schedule 3: Partner Information: Detailed information about each partner, including corporate structure for company partners
4. Schedule 4: Key Personnel: List of key management personnel and their roles
5. Schedule 5: Assets Schedule: Inventory of partnership assets including valuation
6. Appendix A: Partnership Certificate: Official partnership registration documents and licenses
7. Appendix B: Special Resolutions: Pre-agreed special resolutions or partner decisions
8. Appendix C: Power of Attorney: If required, powers of attorney for partnership operations
Authors
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Commercial Register
Companies Law
Confidential Information
Default Event
Effective Date
Encumbrance
Financial Year
Force Majeure
Foreign Investment License
Governing Law
Initial Capital
Intellectual Property Rights
Key Personnel
Management Committee
Managing Partner
Material Adverse Change
Ministry of Commerce
Partners
Partnership
Partnership Interest
Partnership Property
Profit and Loss
Quarter
Related Party
Reserved Matters
SAGIA
Saudi Arabia
Sharia Compliant
Special Resolution
Tax Year
Term
Territory
Third Party
Transfer
Voting Rights
Withdrawal Notice
Working Capital
Zakat
Partnership Formation
Duration and Term
Business Purpose
Capital Contributions
Additional Capital
Profit and Loss Distribution
Management Rights
Voting Rights
Partner Obligations
Decision Making
Reserved Matters
Banking and Finance
Accounts and Records
Audit Rights
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Transfer of Interest
Right of First Refusal
Admission of New Partners
Partner Exit
Force Majeure
Default Events
Termination
Dissolution
Dispute Resolution
Governing Law
Notices
Assignment
Amendments
Severability
Entire Agreement
Compliance with Laws
Sharia Compliance
Foreign Investment
Tax and Zakat
Insurance
Indemnification
Business Name and Branding
Partner Meetings
Records and Information Rights
Authority and Power of Attorney
Representations and Warranties
Manufacturing
Real Estate Development
Technology and Digital Services
Professional Services
Trading and Distribution
Construction and Engineering
Healthcare Services
Education and Training
Financial Services
Retail and Consumer Goods
Energy and Utilities
Tourism and Hospitality
Agriculture and Food Production
Logistics and Transportation
Mining and Natural Resources
Legal
Corporate Affairs
Compliance
Finance
Business Development
Operations
Risk Management
Strategy
Investment
Corporate Governance
Partner Relations
Commercial
Chief Executive Officer
Managing Director
Legal Counsel
Business Development Manager
Chief Financial Officer
Corporate Secretary
Compliance Officer
Investment Manager
Partner Relations Manager
Operations Director
Risk Manager
Strategy Director
General Counsel
Commercial Director
Board Member
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