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1. Parties: Identifies all partners entering into the agreement, including their full legal names, addresses, and ABNs
2. Background: Outlines the context and purpose of the partnership, including the nature of the business
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out rules for interpreting the document
4. Partnership Formation: Establishes the creation of the partnership, its name, and commencement date
5. Business of the Partnership: Defines the scope and nature of the partnership business activities
6. Capital Contributions: Details the initial and ongoing capital contributions required from each partner
7. Profit and Loss Sharing: Specifies how profits and losses will be distributed among partners
8. Management and Decision Making: Outlines management structure, voting rights, and decision-making processes
9. Partners' Rights and Obligations: Lists the key rights and duties of all partners
10. Banking and Financial Records: Specifies banking arrangements and requirements for maintaining financial records
11. Partner Meetings: Sets out procedures for regular and special partner meetings
12. Restrictions on Partners: Details restrictions on partners' activities, including non-compete and confidentiality obligations
13. Term and Termination: Specifies the duration of the partnership and circumstances for termination
14. Dispute Resolution: Outlines procedures for resolving disputes between partners
15. General Provisions: Includes standard boilerplate clauses such as notices, governing law, and entire agreement
1. Intellectual Property Rights: Used when the partnership involves creation or use of intellectual property, defining ownership and usage rights
2. Partnership Property: Required when the partnership owns significant assets, detailing ownership and management of partnership property
3. Insurance: Important when specific insurance coverage is required for the business operations
4. Good Will: Relevant when the partnership involves existing business goodwill or expects to develop significant goodwill
5. Admission of New Partners: Include when the partnership may expand to include additional partners in the future
6. Death or Incapacity of Partners: Important for larger or long-term partnerships to address succession planning
7. Online Presence and Social Media: Necessary when the partnership maintains significant online operations or social media presence
8. Environmental Obligations: Required for businesses with environmental impacts or sustainability commitments
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and agreed future capital contributions
2. Schedule 2 - Profit and Loss Sharing Ratios: Specific percentages or formulas for profit and loss distribution
3. Schedule 3 - Partner Details: Complete partner information including contact details, professional qualifications, and roles
4. Schedule 4 - Business Plan: Initial business plan and strategic objectives of the partnership
5. Schedule 5 - Assets Register: List of all assets contributed to or owned by the partnership
6. Schedule 6 - Intellectual Property Register: Details of all intellectual property owned or used by the partnership
7. Appendix A - Management Procedures: Detailed procedures for day-to-day management and decision-making
8. Appendix B - Financial Procedures: Specific procedures for financial management and reporting
Professional Services
Retail
Hospitality
Construction
Technology
Healthcare
Manufacturing
Agriculture
Real Estate
Consulting
Creative Industries
Education and Training
Financial Services
Transport and Logistics
Legal
Finance
Executive Leadership
Operations
Risk and Compliance
Business Development
Commercial
Corporate Governance
Strategy
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Operations Manager
Company Director
Partnership Manager
Finance Director
Commercial Manager
Risk Manager
Compliance Officer
General Manager
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