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Startup Partnership Agreement
I need a Startup Partnership Agreement for a fintech venture in Hong Kong with three co-founders (two technical, one business), where we're planning to develop proprietary trading algorithms and expect to seek Series A funding by March 2025.
1. Parties: Identification and details of all founding partners entering into the partnership agreement
2. Background: Context of the partnership formation, business objectives, and startup vision
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation and Term: Official establishment of the partnership, commencement date, and duration
5. Business Purpose and Scope: Detailed description of the startup's business activities and scope of operations
6. Capital Contributions: Initial and ongoing capital contributions from each partner, including valuation of non-cash contributions
7. Profit and Loss Sharing: Distribution of profits and allocation of losses among partners
8. Management and Decision Making: Governance structure, voting rights, and decision-making processes
9. Partners' Duties and Obligations: Responsibilities, commitments, and expectations of each partner
10. Intellectual Property Rights: Ownership and protection of IP developed before and during the partnership
11. Confidentiality: Protection of confidential information and trade secrets
12. Non-Competition and Non-Solicitation: Restrictions on competing activities and solicitation of employees/clients
13. Addition and Withdrawal of Partners: Procedures for admitting new partners and handling partner exits
14. Termination: Circumstances and procedures for partnership termination
15. Dispute Resolution: Process for resolving conflicts between partners
16. Governing Law: Specification of Hong Kong law as governing law and jurisdiction
1. Vesting Provisions: Schedule of equity vesting for partners who need to earn their full partnership share over time
2. External Investment: Procedures and terms for accepting external investment and potential dilution
3. Technology Development: Specific provisions for technology development and ownership if the startup is tech-focused
4. International Operations: Provisions for international business operations if applicable
5. Employee Stock Option Pool: Structure and management of employee equity incentives
6. Corporate Conversion: Process and terms for converting the partnership to a company structure
7. Data Protection: Specific provisions for handling personal and customer data
8. Environmental and Social Responsibility: Guidelines for environmental and social governance if relevant to the business
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule 2: Profit Sharing Ratios: Specific percentages and calculations for profit and loss distribution
3. Schedule 3: Intellectual Property Register: List of all IP assets brought into or developed within the partnership
4. Schedule 4: Business Plan: Initial business plan and growth strategy
5. Schedule 5: Partner Details: Detailed information about each partner including contact details and roles
6. Appendix A: Vesting Schedule: Detailed vesting terms and timeline if applicable
7. Appendix B: Partner Responsibilities: Detailed breakdown of each partner's roles and responsibilities
8. Appendix C: Key Performance Indicators: Metrics for measuring partnership and individual partner performance
Authors
Technology
E-commerce
Financial Technology
Healthcare Technology
Biotechnology
Artificial Intelligence
Software Development
Digital Media
Clean Technology
Internet of Things
Retail Innovation
Educational Technology
Blockchain
Cybersecurity
Cloud Services
Mobile Applications
Smart Manufacturing
Sustainable Energy
Digital Entertainment
Professional Services
Legal
Corporate Development
Executive Leadership
Finance
Operations
Compliance
Business Development
Strategy
Innovation
Partner Relations
Founder
Co-Founder
Chief Executive Officer
Chief Technology Officer
Chief Financial Officer
Chief Operating Officer
Legal Counsel
Corporate Lawyer
Business Development Director
Partnership Manager
Innovation Director
Startup Advisor
Investment Manager
Compliance Officer
Company Secretary
Venture Capital Associate
Strategic Planning Director
Technical Co-Founder
Managing Partner
Operations Director
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