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Preliminary Partnership Agreement Template for Belgium

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Key Requirements PROMPT example:

Preliminary Partnership Agreement

"I need a Preliminary Partnership Agreement under Belgian law for a potential technology partnership between our Belgian software company and a US-based AI firm, with negotiations expected to conclude by March 2025; the agreement should include strong data protection provisions and clear milestones for the evaluation phase."

Document background
The Preliminary Partnership Agreement is a crucial document used in the Belgian business environment when parties are considering entering into a formal business partnership but need to establish a structured framework for their negotiations and preliminary collaboration. This document, while not committing parties to the final partnership, creates certain binding obligations regarding confidentiality, exclusivity, and negotiation conduct. Operating under Belgian law, particularly the Belgian Code of Companies and Associations and Civil Code, it provides essential protections and clarity during the pre-partnership phase. The agreement typically includes provisions for information sharing, due diligence processes, cost allocation, and timelines for reaching a final decision. This type of document is particularly relevant in today's complex business environment where thorough evaluation and protection of interests are essential before committing to a full partnership.
Suggested Sections

1. Parties: Identification and details of all parties entering into the preliminary partnership agreement

2. Background: Context of the proposed partnership and reasons for entering into preliminary discussions

3. Definitions: Key terms used throughout the agreement and their specific meanings

4. Purpose and Scope: Outline of the intended partnership's objectives and preliminary scope of collaboration

5. Duration and Timeline: Period for which the preliminary agreement is valid and key milestones for partnership development

6. Confidentiality: Obligations regarding the protection and non-disclosure of sensitive information exchanged during negotiations

7. Exclusivity: Terms regarding exclusive negotiations during the preliminary period

8. Due Diligence: Framework for information sharing and verification process

9. Costs and Expenses: Allocation of costs incurred during the preliminary phase

10. Good Faith Negotiations: Commitment to negotiate in good faith and general principles of conduct

11. Termination: Circumstances and procedures for ending the preliminary agreement

12. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for dispute resolution

Optional Sections

1. Intellectual Property Rights: Provisions for IP protection during preliminary phase, used when significant IP will be shared

2. Break Fee: Compensation terms if one party withdraws, used in high-value potential partnerships

3. Interim Cooperation: Framework for any preliminary collaboration, used when parties wish to test working together

4. Press Releases and Announcements: Rules for public communications, used for high-profile partnerships or listed companies

5. Employee Non-Solicitation: Restrictions on hiring each other's employees, used when significant employee interaction is expected

6. Binding and Non-Binding Provisions: Clear identification of which provisions are binding, used in complex negotiations

7. Future Shareholding Structure: Preliminary agreement on ownership division, used when equity partnership is contemplated

Suggested Schedules

1. Schedule 1 - Timeline and Key Milestones: Detailed timeline for negotiations and due diligence process

2. Schedule 2 - Initial Business Plan Overview: High-level outline of proposed partnership activities and objectives

3. Schedule 3 - Due Diligence Requirements: List of required documents and information for mutual verification

4. Schedule 4 - Confidential Information Categories: Specification of what constitutes confidential information

5. Schedule 5 - Authorized Representatives: List of key contacts and authorized negotiators for each party

6. Appendix A - Form of Non-Disclosure Agreement: Detailed confidentiality terms if separate from main agreement

7. Appendix B - Preliminary Resource Allocation: Initial outline of how resources might be shared or contributed

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

Technology and Software

Manufacturing

Professional Services

Financial Services

Healthcare and Pharmaceuticals

Retail and Consumer Goods

Energy and Utilities

Telecommunications

Real Estate and Construction

Logistics and Transportation

Media and Entertainment

Biotechnology

Agricultural and Food Production

Environmental Services

Education and Training

Relevant Teams

Legal

Corporate Development

Business Development

Strategy

Executive Leadership

Finance

Operations

Risk and Compliance

Commercial

Mergers & Acquisitions

Corporate Affairs

Investment

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Business Development Director

Corporate Development Manager

Partnership Manager

Legal Counsel

Commercial Director

Strategy Director

Operations Director

Investment Manager

Managing Director

General Counsel

Corporate Secretary

Head of Mergers & Acquisitions

Alliance Manager

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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