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The Simple General Partnership Agreement is a fundamental document for establishing a partnership business in Belgium. It is particularly suited for small to medium-sized businesses where partners want to maintain direct control over operations and are willing to accept unlimited personal liability for business obligations. This agreement type is governed by the Belgian Code of Companies and Associations and requires careful consideration of tax implications, liability exposure, and management structure. The document typically includes detailed provisions on capital contributions, profit sharing, decision-making processes, and partner obligations. It's commonly used by professionals, family businesses, and entrepreneurs who prefer a simpler business structure with fewer formal requirements compared to limited liability companies.

1. Parties: Identification and details of all partners entering into the partnership

2. Background: Context of the partnership formation and partners' intention to establish a general partnership

3. Definitions: Definitions of key terms used throughout the agreement

4. Formation and Name: Declaration of partnership formation, partnership name, and registered office address

5. Purpose and Business Activities: Detailed description of the partnership's business purpose and permitted activities

6. Duration: Term of the partnership (definite or indefinite)

7. Capital Contributions: Details of initial and any agreed future capital contributions by partners

8. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners

9. Management and Decision Making: Management structure and decision-making processes, including voting rights

10. Partners' Rights and Obligations: Detailed outline of partners' rights, duties, and responsibilities

11. Banking and Financial Matters: Banking arrangements and financial management procedures

12. Accounting and Records: Requirements for maintaining accounts and records

13. Transfer of Partnership Interests: Rules regarding the transfer of partnership interests to third parties

14. Admission of New Partners: Process and conditions for admitting new partners

15. Dissolution and Liquidation: Circumstances and procedures for partnership dissolution and asset distribution

16. Governing Law: Confirmation of Belgian law as governing law and jurisdiction

17. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability