The 50-50 Partnership Agreement is a crucial legal document used when two parties wish to establish a business partnership with equal ownership and control under Hong Kong law. This agreement is particularly relevant for new business ventures, professional practices, or existing businesses transitioning to a partnership model. It comprehensively addresses all aspects of the partnership relationship, including equal capital contributions, profit sharing, management rights, and operational procedures. The document ensures compliance with Hong Kong's Partnership Ordinance (Cap. 38) while providing clear guidelines for partnership operations and dispute resolution. It's essential for protecting both partners' interests and establishing a solid foundation for the business relationship, particularly in cases where equal decision-making power and financial involvement are crucial to the partnership's success.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of both partners entering into the 50-50 partnership
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Structure: Confirmation of 50-50 partnership structure and equal ownership rights
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 (50-50 split)
7. Management and Decision Making: Process for day-to-day management and major decisions requiring mutual consent
8. Partners' Duties and Obligations: Core responsibilities and commitments of each partner
9. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial management
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: Specification of Hong Kong law as governing law
1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners have other business interests
2. Intellectual Property Rights: Detailed IP provisions, necessary when the partnership involves significant IP assets
3. Insurance: Requirements for business insurance, relevant for high-risk industries
4. External Investment: Procedures for accepting external investment, useful for partnerships planning future expansion
5. Retirement: Procedures for voluntary retirement, important for longer-term partnerships
6. Assignment and Transfer: Rules for transferring partnership interests, relevant when future ownership changes are contemplated
7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in uncertain business environments
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions (cash, assets, or services)
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives of the partnership
3. Schedule 3 - Partnership Property: Comprehensive list of partnership assets and their valuations
4. Schedule 4 - Operational Procedures: Detailed procedures for day-to-day operations and decision-making processes
5. Schedule 5 - Banking Arrangements: Details of partnership bank accounts and authorized signatories
6. Appendix A - Partner Information: Detailed information about each partner including contact details and qualifications
7. Appendix B - Financial Procedures: Detailed accounting procedures and financial reporting requirements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Professional Services
Consulting
Real Estate
Retail
Technology Startups
Manufacturing
Food and Beverage
Healthcare Services
Creative Industries
Trading and Distribution
Construction
Education and Training
Relevant Teams
Legal
Finance
Corporate Governance
Business Development
Operations
Risk Management
Compliance
Strategy
Administrative
Relevant Roles
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Company Director
Entrepreneur
Professional Services Partner
General Counsel
Corporate Lawyer
Finance Director
Operations Manager
Business Consultant
Find the exact document you need
Standby Trust Agreement
A Hong Kong law-governed agreement establishing a dormant trust structure that activates upon specific trigger events, detailing party obligations and trust administration procedures.
find out more
Influencer Agreement
A Hong Kong law-governed contract between brands and social media influencers for content creation and promotional services.
find out more
Formal Offer Letter Of Employment
A Hong Kong law-compliant formal employment offer letter outlining key employment terms and conditions between employer and prospective employee.
find out more
Ending Lease Letter
A formal notice under Hong Kong law to terminate a lease agreement, specifying the termination date and arrangements for concluding the tenancy.
find out more
Construction Invoice Terms And Conditions
Standard terms and conditions for construction invoicing under Hong Kong law, establishing payment processes and requirements for construction projects.
find out more
3 Way Business Partnership Agreement
A Hong Kong law-governed agreement establishing a three-way business partnership, defining partners' rights, obligations, and operational framework.
find out more
Change Of Working Hours Letter To Employee
A Hong Kong-compliant letter document formalizing changes to an employee's working hours and obtaining their agreement to the new arrangement.
find out more
Business Agreement
A Hong Kong law-governed agreement establishing terms and conditions for commercial relationships between business entities.
find out more
Simple Job Offer Letter
A concise, legally compliant job offer letter under Hong Kong law that outlines basic employment terms and conditions.
find out more
Referral Letter For Work
A Hong Kong-compliant formal business letter providing professional endorsement of a candidate's qualifications and work experience for employment opportunities.
find out more
Letter Of Intended Use
A formal declaration document under Hong Kong law specifying how a property, product, or service will be utilized, ensuring regulatory compliance and proper usage documentation.
find out more
Non Binding LOI
A preliminary non-binding document under Hong Kong law that outlines proposed terms and conditions for a potential transaction or business relationship.
find out more
Investment Contract For Small Business
A Hong Kong law-governed agreement setting out terms and conditions for investment in a small business, including investment amount, shares, rights, and protections.
find out more
Managing Director Service Agreement
Hong Kong law-governed service agreement establishing employment terms and conditions for a Managing Director, including duties, compensation, and obligations.
find out more
Hotel Management Contract Agreement
A Hong Kong law-governed agreement between hotel owner and management company establishing terms for hotel operation and management services.
find out more
Letter Of Intent Business Collaboration
A preliminary document under Hong Kong law outlining proposed terms for business collaboration between parties, serving as a framework for future detailed agreements.
find out more
Technical License Agreement
A Hong Kong law-governed agreement establishing terms for licensing technical intellectual property, including usage rights, payments, and IP protection.
find out more
Letter For Overfacility
A Hong Kong law-governed document authorizing an increase in an existing credit facility, setting out terms and conditions for the additional credit extension.
find out more
Individual To Individual Loan Agreement
A Hong Kong law-governed loan agreement between private individuals, setting out loan terms, repayment conditions, and mutual protections.
find out more
Limited Company Invoice
A legally compliant invoice document issued by Hong Kong limited companies, conforming to local business and tax regulations.
find out more
Letter Of Intent Job Offer
A preliminary employment offer document used in Hong Kong that outlines key terms and conditions of proposed employment, bridging initial discussions and formal employment contract.
find out more
Commission Invoice
A Hong Kong-compliant invoice document for claiming and recording commission payments, meeting local regulatory and tax requirements.
find out more
Private Land Lease Agreement
A Hong Kong law-governed agreement establishing terms and conditions for private land or property lease, detailing rights and obligations of landlord and tenant.
find out more
Partnership Offer Letter
A formal letter governed by Hong Kong law extending an offer to join a partnership, outlining key terms and conditions of the proposed partnership arrangement.
find out more
Domestic Letter Of Credit
A Hong Kong law-governed banking instrument that provides payment security for domestic trade transactions through a bank's irrevocable payment undertaking.
find out more
Co Borrower Loan Agreement
A Hong Kong law-governed agreement establishing terms for multiple borrowers to jointly obtain and be liable for a loan from a lender.
find out more
Canteen Contract Terms And Conditions
A Hong Kong law-governed agreement setting out terms and conditions for canteen operations, including operational requirements, food safety standards, and regulatory compliance.
find out more
Business Ownership Transfer Letter
A formal letter under Hong Kong law documenting the transfer of business ownership between parties, including all essential terms and regulatory compliance requirements.
find out more
Unilateral Release Agreement
A Hong Kong law-governed agreement where one party releases another from specific claims or liabilities, providing a legally binding waiver of rights.
find out more
Three Way NDA
Hong Kong law-governed three-party NDA for protecting confidential information shared in complex business relationships.
find out more
Startup Investment Term Sheet
A Hong Kong law-governed preliminary agreement outlining key terms and conditions for startup investment, serving as the basis for definitive investment documentation.
find out more
Software Partner Agreement
Hong Kong-governed agreement defining the commercial and technical relationship between a software company and its business partner.
find out more
Software Ownership Agreement
A Hong Kong law-governed agreement that establishes and transfers software ownership rights, including associated intellectual property and documentation.
find out more
Preliminary Offer Letter
A Hong Kong law-governed document that outlines preliminary employment terms and conditions offered to a prospective employee.
find out more
Preference Share Subscription Agreement
A Hong Kong law agreement governing the subscription of preference shares, detailing share rights, investment terms, and parties' obligations.
find out more
Pre Marriage Financial Agreement
A Hong Kong law-governed agreement between prospective spouses defining their financial rights and obligations before marriage.
find out more
Partnership Framework Agreement
A Hong Kong law-governed agreement establishing the framework and terms for a partnership arrangement between multiple parties.
find out more
Partnership Contract Agreement
A Hong Kong law-governed agreement establishing the terms and conditions of a business partnership, including partner rights, obligations, and operational framework.
find out more
Partnership Agreement Profit Sharing
A Hong Kong law-governed agreement establishing partnership terms and profit-sharing arrangements between partners.
find out more
Partner Exit Agreement
A Hong Kong law-governed agreement detailing the terms and conditions for a partner's exit from a partnership, including financial settlements and ongoing obligations.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)