The Partnership Contract is essential for businesses establishing a partnership structure in Singapore. It serves as the foundational document defining the relationship between partners, their rights, obligations, and responsibilities. Compliant with Singapore's Partnership Act 1890 and related legislation, this contract typically includes provisions for capital contributions, profit sharing, management rights, and dispute resolution. It's particularly crucial for protecting partners' interests and establishing clear operational guidelines, making it a vital document for any business partnership in Singapore.
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1. Parties: Identifies all partners and their details
2. Background: Explains context and purpose of partnership
3. Definitions: Defines key terms used in agreement
4. Partnership Name and Business: Specifies partnership name and nature of business
5. Capital Contributions: Details initial and ongoing capital contributions
6. Profit and Loss Sharing: Defines how profits and losses are distributed
7. Management Rights: Outlines management structure and decision-making
8. Partner Duties: Lists obligations and responsibilities of partners
9. Term and Termination: Specifies duration and termination conditions
1. Non-Competition: Restricts partners from competing activities when partners may have competing interests
2. Intellectual Property: Addresses IP ownership and usage when partnership involves IP creation
3. Additional Capital: Procedures for additional capital injection when future capital needs are anticipated
4. Partner Insurance: Requirements for life/health insurance when partners want mutual protection
1. Initial Capital Contributions Schedule: Detailed breakdown of each partner's initial contribution
2. Asset Register: List of partnership assets and their values
3. Partner Details Schedule: Detailed information about each partner
4. Business Plan: Initial business plan and projections
5. Partner Authority Limits Schedule: Spending and decision-making authority limits for each partner
Relevant legal definitions
Agreement
Partners
Business
Partnership
Commencement Date
Partnership Property
Capital Account
Capital Contribution
Current Account
Drawing Account
Financial Year
Gross Profit
Net Profit
Partnership Share
Business Day
Confidential Information
Intellectual Property Rights
Managing Partner
Material Breach
Partner's Interest
Premises
Reserved Matters
Territory
Working Capital
Default Event
Insolvency Event
Good Leaver
Bad Leaver
Deadlock
Force Majeure Event
Accounting Period
Approved Bank
Partnership Account
Relevant Laws
SGD
Partners
Business
Partnership
Commencement Date
Partnership Property
Capital Account
Capital Contribution
Current Account
Drawing Account
Financial Year
Gross Profit
Net Profit
Partnership Share
Business Day
Confidential Information
Intellectual Property Rights
Managing Partner
Material Breach
Partner's Interest
Premises
Reserved Matters
Territory
Working Capital
Default Event
Insolvency Event
Good Leaver
Bad Leaver
Deadlock
Force Majeure Event
Accounting Period
Approved Bank
Partnership Account
Relevant Laws
SGD
Clauses
Formation of Partnership
Capital Contributions
Profit and Loss Distribution
Management Rights
Decision Making
Partner Duties
Banking and Finance
Accounting and Records
Partner Meetings
Confidentiality
Non-Competition
Intellectual Property
Addition of Partners
Retirement of Partners
Death of Partner
Expulsion of Partner
Transfer of Partnership Interest
Term and Termination
Dissolution
Dispute Resolution
Force Majeure
Governing Law
Notices
Amendments
Insurance
Partner Drawings
Business Name and Location
Reserved Matters
Good Faith
Severability
Entire Agreement
Assignment
Third Party Rights
Costs and Expenses
Further Assurance
Capital Contributions
Profit and Loss Distribution
Management Rights
Decision Making
Partner Duties
Banking and Finance
Accounting and Records
Partner Meetings
Confidentiality
Non-Competition
Intellectual Property
Addition of Partners
Retirement of Partners
Death of Partner
Expulsion of Partner
Transfer of Partnership Interest
Term and Termination
Dissolution
Dispute Resolution
Force Majeure
Governing Law
Notices
Amendments
Insurance
Partner Drawings
Business Name and Location
Reserved Matters
Good Faith
Severability
Entire Agreement
Assignment
Third Party Rights
Costs and Expenses
Further Assurance
Relevant Industries
Relevant Teams
Relevant Roles
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