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50 50 Partnership Agreement Template for Belgium

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Key Requirements PROMPT example:

50 50 Partnership Agreement

"I need a 50-50 Partnership Agreement under Belgian law for a technology consulting business starting March 2025, with specific provisions for intellectual property protection and remote work arrangements."

Document background
The 50-50 Partnership Agreement is designed for use when two parties wish to establish an equal business partnership under Belgian law. This document is essential when partners want to formalize their business relationship with equal ownership, management rights, and profit sharing. It's particularly relevant for new business ventures, professional practices, or when restructuring existing businesses into equal partnerships. The agreement includes comprehensive provisions covering capital contributions, management structure, profit distribution, and exit strategies, all aligned with Belgian legal requirements. This document type is crucial for protecting both partners' interests while ensuring compliance with Belgian corporate law and tax regulations. The agreement should be customized based on the specific business sector and partnership objectives while maintaining the core principle of equal partnership rights and obligations.
Suggested Sections

1. Parties: Identification and details of both partners entering into the 50-50 partnership

2. Background: Context of the partnership formation and partners' intention to establish an equal partnership

3. Definitions: Key terms used throughout the agreement

4. Partnership Structure: Confirmation of 50-50 ownership structure and legal form of partnership under Belgian law

5. Capital Contributions: Details of initial and any agreed future capital contributions from each partner

6. Profit and Loss Sharing: Equal distribution mechanism for profits and losses

7. Management and Decision Making: Process for day-to-day management and major decisions, including voting rights and deadlock resolution

8. Partners' Duties and Obligations: Core responsibilities and commitments of each partner

9. Banking and Financial Matters: Management of partnership finances, bank accounts, and accounting procedures

10. Partnership Property: Treatment of partnership assets and intellectual property

11. Term and Termination: Duration of partnership and circumstances for termination

12. Death or Incapacity: Procedures in case of death or incapacity of either partner

13. Dispute Resolution: Process for resolving disagreements between partners

14. Governing Law: Confirmation of Belgian law application and jurisdiction

Optional Sections

1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners have other business interests

2. Intellectual Property Rights: Detailed IP provisions, essential when the partnership involves significant IP assets

3. Employment of Partners: Terms for partners' employment in the business, used when partners will be actively working in the business

4. Insurance: Required insurance coverage, important for high-risk businesses

5. External Investment: Provisions for accepting future investment, relevant for growth-oriented partnerships

6. International Operations: Provisions for international business activities, needed if operating across borders

7. Digital Assets and Online Presence: Management of digital assets and online accounts, important for digital businesses

Suggested Schedules

1. Schedule 1 - Initial Capital Contributions: Detailed list of each partner's initial capital contributions, including valuations

2. Schedule 2 - Business Plan: Initial business plan and strategic objectives

3. Schedule 3 - Partnership Assets: Comprehensive list of partnership assets at formation

4. Schedule 4 - Intellectual Property: Details of any IP rights brought into or developed by the partnership

5. Schedule 5 - Bank Account Details: Partnership bank account information and signing authorities

6. Schedule 6 - Accounting Policies: Agreed accounting principles and procedures

7. Appendix A - Partner Contact Details: Full contact information for both partners and key notices addresses

8. Appendix B - Decision Making Matrix: Detailed breakdown of decision-making authorities and processes

Authors

Alex Denne

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

Relevant legal definitions


















































Clauses








































Relevant Industries

Professional Services

Retail

Technology

Manufacturing

Consulting

Real Estate

Healthcare

Hospitality

Construction

E-commerce

Creative Industries

Financial Services

Agriculture

Education and Training

Relevant Teams

Legal

Finance

Corporate Governance

Tax

Compliance

Risk Management

Business Development

Operations

Administration

Strategy

Relevant Roles

Business Owner

Entrepreneur

Managing Partner

Chief Executive Officer

Business Development Director

Corporate Lawyer

Legal Counsel

Financial Director

Tax Advisor

Business Consultant

Partnership Manager

Operations Director

Company Secretary

Risk Manager

Compliance Officer

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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