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1. Parties: Identification and details of both partners, including full legal names, addresses, and nationality
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions: Defined terms used throughout the agreement for clarity and consistency
4. Partnership Name and Business: Official name of the partnership and detailed description of business activities
5. Term and Commencement: Duration of the partnership and effective date
6. Capital Contribution: Details of initial and any agreed future capital contributions from each partner
7. Profit and Loss Sharing: Ratio and mechanism for distribution of profits and allocation of losses
8. Management and Control: Management structure, decision-making process, and partners' authorities
9. Banking and Finance: Banking arrangements, signing authorities, and financial management procedures
10. Partners' Duties and Obligations: Specific responsibilities and commitments of each partner
11. Restrictions on Partners: Non-compete and other restrictive covenants
12. Accounts and Records: Requirements for maintaining financial records and conducting audits
13. Partnership Property: Ownership and handling of partnership assets
14. Termination: Circumstances and procedures for partnership termination
15. Governing Law and Jurisdiction: Confirmation of UAE law application and dispute resolution mechanisms
1. Intellectual Property Rights: Include when the partnership involves creation or use of intellectual property
2. Good Faith and Fair Dealing: Additional provisions for partners' conduct, recommended for complex partnerships
3. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
4. Insurance: Include when specific insurance requirements need to be documented
5. Employee Matters: Include when the partnership will have employees
6. Additional Capital Contributions: Include when there's possibility of future capital needs
7. Exit Strategy: Include detailed provisions for partner exit when requested by partners
8. Dispute Resolution: Include detailed arbitration or mediation procedures if preferred over court proceedings
1. Schedule 1 - Capital Contributions: Detailed breakdown of initial capital contributions including cash, assets, or services
2. Schedule 2 - Business Plan: Initial business plan and projections
3. Schedule 3 - Property and Assets: List of partnership property and assets with valuations
4. Schedule 4 - Management Responsibilities: Detailed allocation of management duties and responsibilities
5. Schedule 5 - Accounting Policies: Specific accounting principles and procedures to be followed
6. Appendix A - Partner Information: Detailed information about partners including contact details and identification documents
7. Appendix B - Required Licenses: List of required business licenses and permits
8. Appendix C - Bank Account Details: Partnership bank account information and signing authorities
Professional Services
Retail
Trading
Consulting
Manufacturing
Technology
Real Estate
Food and Beverage
Healthcare
Construction
Education
Hospitality
Legal
Corporate Affairs
Finance
Compliance
Risk Management
Business Development
Operations
Company Secretariat
Commercial
Business Owner
Managing Partner
Legal Counsel
Corporate Lawyer
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Company Secretary
Compliance Officer
Operations Manager
Partnership Manager
Risk Manager
Commercial Director
Business Consultant
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