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Partnership Articles Of Association Template for Saudi Arabia

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Key Requirements PROMPT example:

Partnership Articles Of Association

"I need Partnership Articles of Association for a professional medical services partnership between three Saudi doctors, with equal shareholding and management rights, to be established in Riyadh by March 2025, including specific provisions for medical equipment contributions as capital."

Document background
Partnership Articles of Association serve as the constitutional document for partnerships in Saudi Arabia, essential for establishing any formal partnership structure under Saudi law. This document is required when two or more parties wish to form a partnership and must be filed with the Ministry of Commerce as part of the business registration process. It outlines critical aspects such as capital contributions, profit-sharing ratios, management responsibilities, and dispute resolution mechanisms, all while ensuring compliance with both the Saudi Companies Law 2015 and Sharia principles. The document is particularly relevant in the context of Saudi Arabia's Vision 2030, which encourages private sector growth and foreign investment, requiring careful attention to both local regulatory requirements and international business standards.
Suggested Sections

1. Parties: Identifies all partners, including full legal names, nationalities, ID/CR numbers, and addresses

2. Background: States the partners' intention to form a partnership and brief context of the arrangement

3. Definitions: Defines key terms used throughout the document

4. Partnership Name and Type: Specifies the official name and legal classification of the partnership

5. Partnership Objects: Details the authorized business activities and scope of the partnership

6. Principal Office: States the official registered address and provisions for branches

7. Duration: Specifies the term of the partnership and renewal provisions

8. Capital and Shares: Details the partnership's capital, partners' contributions, and share distribution

9. Management and Administration: Outlines management structure, appointment of managers, and their powers

10. Partners' Rights and Obligations: Defines partners' voting rights, profit sharing, and responsibilities

11. Partner Meetings: Establishes procedures for partner meetings, voting, and decision-making

12. Financial Affairs: Covers fiscal year, accounts, auditing, and profit distribution

13. Transfer of Shares: Details procedures and restrictions for transferring partnership interests

14. Termination and Liquidation: Specifies grounds for dissolution and liquidation procedures

15. Dispute Resolution: Establishes mechanisms for resolving disputes between partners

16. Governing Law: Confirms Saudi law application and Sharia compliance

Optional Sections

1. Non-Competition: Restricts partners from competing activities - include when partners have other business interests

2. Intellectual Property: Addresses IP ownership and usage - include for partnerships involving technology or branded services

3. Foreign Partner Provisions: Special provisions for foreign partners - include when foreign investors are involved

4. Deadlock Resolution: Specific procedures for resolving management deadlocks - include for 50/50 partnerships

5. Tag-Along/Drag-Along Rights: Share transfer provisions - include for partnerships with majority/minority partners

6. Corporate Social Responsibility: CSR commitments - include for larger partnerships or those in sensitive sectors

7. Succession Planning: Inheritance and succession provisions - include for family partnerships

Suggested Schedules

1. Capital Contributions Schedule: Detailed breakdown of each partner's capital contribution

2. Partner Information Schedule: Comprehensive partner details including contact information and representatives

3. Business Plan: Initial business plan and operational strategy

4. Management Structure: Detailed organizational structure and management responsibilities

5. Power of Attorney: Format and terms for powers of attorney granted to managers

6. Profit Distribution Policy: Detailed methodology for calculating and distributing profits

7. Required Licenses: List of necessary licenses and permits for operations

8. Property Schedule: Details of any property or assets contributed to the partnership

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

Professional Services

Trading & Distribution

Manufacturing

Real Estate & Construction

Technology & Software

Healthcare

Education

Hospitality & Tourism

Retail

Consulting Services

Financial Services

Industrial Services

Agriculture

Transportation & Logistics

Relevant Teams

Legal

Corporate Affairs

Compliance

Finance

Risk Management

Business Development

Operations

Corporate Governance

Investment

Commercial

Strategy

Executive Leadership

Relevant Roles

Chief Executive Officer

Managing Partner

Legal Counsel

Corporate Lawyer

Business Development Manager

Chief Financial Officer

Company Secretary

Compliance Officer

Investment Manager

Partnership Manager

Risk Manager

Operations Director

Board Member

General Counsel

Managing Director

Commercial Director

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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