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1. Parties: Identification of the partnership and managing partner
2. Background: Context of the appointment and partnership structure
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment and duration
5. Duties and Responsibilities: Specific roles and obligations of the managing partner
6. Compensation: Payment terms, profit share, and benefits
7. Authority and Limitations: Scope of decision-making power
8. Termination Provisions: Conditions for ending the agreement
1. Non-Compete Provisions: Restrictions on competitive activities when protecting business interests is crucial
2. Intellectual Property Rights: Ownership of IP developed during tenure, relevant when IP is significant to the business
3. Insurance Requirements: Required coverage and limits when specific insurance needs exist
1. Schedule A - Compensation Structure: Detailed breakdown of compensation components
2. Schedule B - Performance Metrics: Specific KPIs and performance expectations
3. Schedule C - Partnership Structure: Organizational chart and governance structure
4. Appendix 1 - Approved Expenses: List of pre-approved business expenses
5. Appendix 2 - Reporting Requirements: Required reports and their frequency
Managing Partner
Partnership
Partners
Partner Meeting
Effective Date
Term
Business
Fiscal Year
Partnership Interest
Capital Account
Profit Share
Cause
Material Breach
Confidential Information
Intellectual Property
Partnership Agreement
Governing Body
Management Committee
Competition
Territory
Good Leaver
Bad Leaver
Performance Metrics
Term and Duration
Duties and Responsibilities
Authority and Powers
Compensation and Profit Share
Capital Contribution
Partnership Meetings
Decision Making Authority
Reporting Requirements
Fiduciary Duties
Non-Competition
Non-Solicitation
Confidentiality
Intellectual Property
Partnership Property
Expenses and Reimbursement
Insurance
Indemnification
Performance Review
Termination
Death or Disability
Retirement
Exit Provisions
Buy-Out Rights
Dispute Resolution
Governing Law
Amendment and Modification
Notice Requirements
Entire Agreement
Severability
Assignment
Force Majeure
Representations and Warranties
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