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Managing Partner Agreement
"Need a Managing Partner Agreement for our Singapore-based law firm to appoint a new managing partner effective March 1, 2025, with specific provisions for profit sharing and management of our international offices in ASEAN region."
1. Parties: Identification of all partners and the partnership entity
2. Background: Context and purpose of the partnership agreement
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Organization and management structure of the partnership
5. Capital Contributions: Initial and ongoing capital requirements
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management Rights and Duties: Partners' roles, responsibilities, and decision-making authority
8. Term and Termination: Duration of partnership and termination provisions
1. Non-Compete Provisions: Restrictions on competitive activities - use when partners may have access to sensitive business information
2. Intellectual Property Rights: Ownership and use of partnership IP - include when IP is significant to the partnership business
3. International Operations: Cross-border business provisions - include for partnerships with international activities
4. Professional Indemnity: Professional liability coverage requirements - include for professional service partnerships
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's capital contribution
2. Schedule 2: Profit Sharing Formula: Detailed calculation method for profit distribution
3. Schedule 3: Management Structure: Organizational chart and management responsibilities
4. Schedule 4: Partner Information: Detailed information about each partner
5. Appendix A: Partnership Policies: Internal policies and procedures
6. Appendix B: Professional Requirements: Relevant professional regulations and requirements
Authors
Managing Partner
Partnership
Board
Partnership Deed
Business
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Effective Date
Financial Year
Gross Revenue
Initial Capital
Intellectual Property Rights
Management Committee
Net Profits
Partner
Partnership Interest
Partnership Property
Professional Rules
Regulatory Bodies
Reserved Matters
Senior Partners
Termination Date
Territory
Voting Rights
Working Capital
Good Standing
Material Breach
Professional Services
Profit Share
Quarter
Regulatory Requirements
Profit and Loss Allocation
Management Authority
Decision Making Powers
Fiduciary Duties
Partner Obligations
Compensation Structure
Performance Metrics
Voting Rights
Partnership Meetings
Financial Management
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Partnership Property
Admission of New Partners
Retirement
Removal of Partners
Death or Incapacity
Dissolution
Dispute Resolution
Governing Law
Amendment Procedures
Notice Requirements
Insurance
Professional Indemnity
Term and Termination
Restrictive Covenants
Good Faith
Force Majeure
Assignment
Severability
Entire Agreement
Compliance with Laws
Partnership Expenses
Banking Arrangements
Records and Accounts
Professional Standards
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