Terms And Conditions For Partnership Agreement Template for Saudi Arabia

1. Non-Competition: Restrictions on partners engaging in competing businesses - include when partners have other business interests

2. Intellectual Property: IP ownership and usage rights - include when the partnership involves significant IP assets

3. Foreign Partner Provisions: Special provisions for foreign partners - include when non-Saudi partners are involved

4. Succession Planning: Procedures for handling partner death or incapacity - include for family businesses or long-term partnerships

5. Exit Strategy: Detailed procedures for partner withdrawal or buy-out - include for larger partnerships or high-value businesses

6. Employee Management: Framework for hiring and managing employees - include when partnership will have significant staff

7. Zakat and Tax Provisions: Specific tax planning and compliance procedures - include for partnerships with complex tax structures

8. Branch Offices: Rules for establishing and managing branch offices - include when geographic expansion is planned

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

2. Schedule 2: Profit Sharing Ratios: Detailed calculation methods and examples of profit distribution

3. Schedule 3: Management Structure: Organizational chart and detailed management responsibilities

4. Schedule 4: Business Plan: Initial business plan and strategic objectives

5. Schedule 5: Partner Information: Detailed partner information including qualifications and roles

6. Appendix A: Required Licenses: Copies of all required business licenses and permits

7. Appendix B: Banking Resolution: Banking arrangements and authorized signatories

8. Appendix C: Property Details: Details of any property owned or leased by the partnership