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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."
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
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
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
Professional Services
Trading & Distribution
Manufacturing
Real Estate & Construction
Technology & Software
Healthcare
Education
Hospitality & Tourism
Retail
Consulting Services
Financial Services
Industrial Services
Agriculture
Transportation & Logistics
Legal
Corporate Affairs
Compliance
Finance
Risk Management
Business Development
Operations
Corporate Governance
Investment
Commercial
Strategy
Executive Leadership
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
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