The Internal Agreement Between Partners is a crucial document used when establishing or formalizing business partnerships in Saudi Arabia. It serves as the primary governing document for partner relationships, detailing capital contributions, profit-sharing mechanisms, management responsibilities, and operational procedures. This agreement must comply with Saudi Companies Law, Ministry of Commerce regulations, and Sharia principles, making it essential for both new partnerships and existing businesses looking to formalize their internal arrangements. The document is particularly important in the Saudi context where business relationships often combine traditional practices with modern commercial requirements. It provides clear guidelines for partner conduct, decision-making processes, and dispute resolution while ensuring all arrangements are legally enforceable under Saudi jurisdiction.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and general objectives
3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation
4. Partnership Structure: Legal form of partnership and ownership percentages
5. Capital Contributions: Initial and ongoing capital contributions of each partner
6. Profit and Loss Distribution: Method of calculating and distributing profits and losses
7. Management and Control: Decision-making processes and management structure
8. Partners' Rights and Obligations: Detailed responsibilities and rights of each partner
9. Meetings and Resolutions: Procedures for partner meetings and voting mechanisms
10. Financial Matters: Banking, accounting, and financial management procedures
11. Term and Termination: Duration of partnership and termination provisions
12. Withdrawal and Transfer of Interest: Process for partner exit and transfer of partnership interests
13. Dispute Resolution: Procedures for resolving disputes in accordance with Saudi law
14. Governing Law: Confirmation of Saudi law application and Sharia compliance
15. General Provisions: Miscellaneous legal provisions including notices and amendments
1. Non-Competition: Restrictions on partners engaging in competing businesses
2. Intellectual Property: IP ownership and usage rights when relevant to the partnership
3. Confidentiality: Protection of partnership's confidential information
4. Islamic Finance Provisions: Specific provisions ensuring Sharia compliance in financial arrangements
5. Insurance: Partnership insurance requirements and obligations
6. Force Majeure: Provisions for unforeseen circumstances affecting partnership operations
7. Environmental Compliance: Environmental obligations if relevant to partnership activities
8. Zakat and Tax: Specific arrangements for handling Zakat and tax obligations
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule 2 - Profit Sharing Ratios: Detailed profit and loss distribution formulas
3. Schedule 3 - Management Structure: Organizational chart and detailed management responsibilities
4. Schedule 4 - Business Plan: Initial business plan and strategic objectives
5. Schedule 5 - Partner Information: Detailed partner information including contact details and representatives
6. Schedule 6 - Reserved Matters: List of decisions requiring special approval or unanimous consent
7. Appendix A - Sample Resolution Forms: Template forms for partner resolutions and voting
8. Appendix B - Financial Procedures: Detailed accounting and financial management procedures
Authors
Relevant legal definitions
Clauses
Relevant Industries
Professional Services
Real Estate
Manufacturing
Trading
Technology
Healthcare
Construction
Retail
Hospitality
Financial Services
Consulting
Education
Agriculture
Energy
Transportation and Logistics
Relevant Teams
Legal
Corporate Governance
Compliance
Finance
Executive Leadership
Board of Directors
Risk Management
Corporate Secretariat
Business Development
Investment
Strategy
Operations
Relevant Roles
Managing Partner
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Corporate Secretary
Business Development Director
Chief Financial Officer
Company Director
Board Member
Partnership Manager
Compliance Officer
Risk Manager
Corporate Governance Officer
Investment Manager
Business Owner
Founding Partner
Find the exact document you need
Industrial Partner Contract
A Saudi Arabian law-governed agreement establishing industrial partnership terms, including operational, financial, and regulatory compliance requirements.
find out more
Venture Capital General Partner Agreement
A Saudi Arabian agreement establishing the General Partner's rights and obligations in managing a venture capital fund, ensuring compliance with local laws and Shariah principles.
find out more
Trading Partner Agreement
A Shariah-compliant agreement under Saudi Arabian law that establishes terms and conditions for ongoing trading relationships between commercial partners.
find out more
Alliance Agreement
A strategic partnership agreement governed by Saudi Arabian law that establishes terms for collaboration between multiple entities while ensuring compliance with local regulations and Sharia principles.
find out more
Software Channel Partner Agreement
A Saudi Arabian law-governed agreement establishing terms for software distribution through channel partners, including licensing, territorial rights, and compliance requirements.
find out more
Memorandum Of Understanding Between Partners
A Saudi Arabian law-governed preliminary agreement establishing partnership framework and cooperation principles between parties, aligned with local commercial laws and Sharia requirements.
find out more
Agreement For Partnership Deed
A Saudi Arabian legal agreement establishing a business partnership and defining partner relationships, rights, and obligations under Saudi law and Sharia principles.
find out more
Software Implementation Partner Agreement
A Saudi Arabian law-governed agreement between a software provider and implementation partner for software deployment and integration services.
find out more
Real Estate Joint Venture Proposal
Template for real estate joint venture partnerships in Saudi Arabia, compliant with local regulations and Sharia principles.
find out more
Proposal For Joint Venture Letter
A Saudi Arabian law-governed proposal letter outlining key terms and structure for establishing a joint venture between parties, serving as a foundation for detailed negotiations.
find out more
Petrol Pump Partnership Agreement
A Saudi Arabian law-governed agreement establishing a partnership for operating a petrol station, including operational, financial, and regulatory requirements.
find out more
Partnership Agreement Proposal
A legal document under Saudi Arabian law proposing terms and conditions for establishing a business partnership, including structure, contributions, and responsibilities.
find out more
Ending Partnership Agreement
A Saudi Arabian law-governed agreement that formally dissolves a business partnership, outlining asset distribution and settlement terms in compliance with local regulations.
find out more
Simple Collaboration Agreement
A Saudi law-governed agreement establishing terms for business collaboration between parties, ensuring compliance with local regulations and Sharia principles.
find out more
Reseller Partnership Agreement
A Saudi Arabian law-governed agreement establishing a reseller partnership between supplier and distributor, defining commercial terms and territorial rights.
find out more
Non Binding Partnership Agreement
A non-binding agreement outlining proposed partnership terms under Saudi Arabian law, suitable for parties exploring potential business collaboration opportunities.
find out more
Start Up Business Partnership Agreement
A Saudi Arabian law-governed agreement establishing partnership terms and operational framework for startup ventures, aligned with local business regulations and Vision 2030.
find out more
Simple Partnership Contract
A foundational agreement establishing a business partnership between two or more parties under Saudi Arabian law, outlining key partnership terms and responsibilities.
find out more
Joint Venture Partnership Agreement
A Saudi Arabian law-governed agreement establishing a joint venture partnership, detailing business collaboration terms and ensuring regulatory compliance.
find out more
Deed Of Partnership Between Two Partners
A legal document under Saudi Arabian law establishing a partnership between two parties, outlining their rights, obligations, and business relationship terms.
find out more
Distributorship Contract
A Saudi Arabian law-governed agreement establishing terms and conditions for product distribution between a supplier and distributor within the Kingdom.
find out more
Land Partnership Agreement
A Saudi Arabian agreement establishing partnership terms for land ownership and development, governed by local law and Sharia principles.
find out more
Authorized Reseller Agreement
A Saudi Arabian law-governed agreement establishing terms and conditions between a supplier and authorized reseller for product distribution.
find out more
Software Distributor Agreement
A Saudi Arabian law-governed agreement establishing terms for software distribution rights, obligations, and commercial relationships between software suppliers and distributors.
find out more
Social Media Partnership Agreement
A Saudi Arabian law-governed agreement establishing terms and conditions for social media partnerships, content creation, and digital marketing collaboration.
find out more
Partnership Deed
A legal document under Saudi Arabian law establishing a partnership between two or more parties, defining their rights, obligations, and business relationship.
find out more
Simple General Partnership Agreement
A Saudi Arabian law-governed agreement establishing a general partnership, defining partners' rights, obligations, and operational framework in accordance with local regulations.
find out more
Partnership Agreement Termination Letter
A formal document used to terminate business partnerships in Saudi Arabia, complying with Saudi Commercial Law and outlining dissolution terms and settlements.
find out more
Limited Company Partnership Agreement
A Saudi Arabian law-governed agreement establishing a Limited Liability Company partnership, defining partner relationships, capital contributions, and management structure.
find out more
Collaboration Partnership Agreement
A Saudi law-governed agreement establishing terms and conditions for collaborative partnerships between multiple parties, ensuring compliance with local regulations and Sharia principles.
find out more
Vacation Home Partnership Agreement
A Saudi Arabian law-governed agreement establishing shared ownership and management terms for a vacation property, including usage rights and partner obligations.
find out more
Technology Partnership Agreement
A Saudi Arabian law-governed agreement establishing terms and conditions for technology partnerships, including IP rights, data protection, and technical collaboration frameworks.
find out more
Strategic Technology Partnership Agreement
A Saudi law-governed agreement template for strategic technology partnerships, incorporating local regulatory requirements and Sharia compliance.
find out more
Startup Partnership Agreement
A Saudi Arabian law-governed agreement establishing partnership terms and regulations for startup ventures, including capital structure, management rights, and operational framework.
find out more
Software Partnership Agreement
A Saudi Arabian law-governed agreement establishing terms for software partnership, including development, licensing, and operational collaboration.
find out more
Software Partner Agreement
A Saudi Arabian law-governed agreement establishing terms and conditions for software partnership arrangements, including licensing, distribution, and revenue sharing.
find out more
Shareholders Agreement Joint Venture
A Saudi law-governed agreement establishing terms and conditions between joint venture shareholders, including governance, operations, and exit provisions.
find out more
Revenue Share Partnership Agreement
A Saudi Arabian law-governed agreement establishing terms for revenue sharing partnerships, including profit distribution mechanics and operational framework.
find out more
Restaurant Profit Sharing Agreement
A Saudi Arabian law-governed agreement establishing profit-sharing arrangements and operational terms between parties in a restaurant business venture.
find out more
Sales Cooperation Agreement
A Saudi Arabian law-governed agreement establishing terms for cooperative sales activities between parties, including territory rights, commissions, and compliance requirements.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)