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Non Binding Partnership Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Non Binding Partnership Agreement

I need a Non-Binding Partnership Agreement under Hong Kong law for a potential collaboration between my tech startup and a manufacturing company in Shenzhen, with special focus on intellectual property protection and a 6-month exclusivity period starting January 2025.

Document background
The Non-Binding Partnership Agreement is a strategic document used when organizations or individuals wish to explore potential collaboration opportunities while maintaining flexibility and avoiding immediate legal commitments. This document type is particularly valuable in Hong Kong's dynamic business environment, where companies often need to establish preliminary frameworks for partnerships before proceeding with formal arrangements. It typically includes detailed provisions about the proposed partnership structure, confidentiality requirements, resource allocation, and communication protocols, while explicitly stating its non-binding nature. The agreement serves as a roadmap for partnership discussions, helping parties align their expectations and objectives while conducting due diligence and further negotiations. It's especially useful in complex business relationships where parties need time to evaluate compatibility and potential synergies before entering into binding commitments.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names and registered addresses

2. Background: Context of the proposed partnership and the parties' intentions to explore collaboration opportunities

3. Definitions: Key terms used throughout the agreement

4. Non-Binding Nature: Clear statement that the agreement is not legally binding and represents only intentions of the parties

5. Purpose and Objectives: Outlined goals and intended outcomes of the proposed partnership

6. Proposed Roles and Responsibilities: General description of each party's anticipated contributions and roles

7. Resource Contributions: Outline of proposed financial, physical, or human resources each party may contribute

8. Confidentiality: Terms regarding the protection of confidential information shared during discussions

9. Duration and Termination: Proposed timeframe for partnership discussions and how parties may withdraw

10. Communication: Framework for how parties will communicate and make decisions during the partnership exploration phase

11. Good Faith: Statement of parties' commitment to act in good faith during discussions

Optional Sections

1. Intellectual Property: Provisions regarding ownership and use of IP during discussions, used when parties anticipate sharing proprietary information

2. Exclusivity: Optional period of exclusivity in partnership discussions, used when parties want to prevent parallel negotiations with others

3. Costs and Expenses: Agreement on how costs during the discussion phase will be handled, used when significant expenses are anticipated

4. Publicity: Guidelines for public announcements or communications about the potential partnership, used for high-profile collaborations

5. Dispute Resolution: Framework for resolving disagreements, used in complex partnership discussions

6. Future Binding Agreement: Outline of process for moving toward a binding agreement, used when parties have clear intention to formalize partnership

7. Regulatory Compliance: Specific regulatory considerations, used in heavily regulated industries

Suggested Schedules

1. Schedule 1 - Business Plan Overview: High-level outline of proposed business activities and strategic objectives

2. Schedule 2 - Resource Allocation: Detailed breakdown of proposed resource contributions from each party

3. Schedule 3 - Timeline: Proposed timeline for partnership discussion phase and potential implementation

4. Schedule 4 - Key Personnel: List of key contacts and their roles in the partnership discussion phase

5. Appendix A - Initial Project Scope: Detailed description of initial projects or activities being considered

6. Appendix B - Due Diligence Requirements: List of information and documents required for due diligence process

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Technology

Financial Services

Manufacturing

Healthcare

Education

Professional Services

Retail

Real Estate

Media and Entertainment

Energy

Transportation and Logistics

Research and Development

Biotechnology

Consulting

Relevant Teams

Legal

Business Development

Corporate Strategy

Operations

Executive Leadership

Compliance

Commercial

Project Management

Partnership Development

Risk Management

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Legal Counsel

Corporate Lawyer

Partnership Manager

Strategic Alliance Director

Chief Operating Officer

Chief Strategy Officer

Commercial Director

Head of Business Development

General Counsel

Compliance Officer

Project Manager

Operations Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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