The Consultancy Partnership Agreement is essential for professionals or firms looking to establish a formal partnership structure for delivering consulting services in Ireland. This document is particularly relevant when two or more parties wish to combine their expertise, resources, and client networks under a partnership model. It addresses key aspects required under Irish law, including partnership formation, profit sharing, service delivery standards, and partner obligations. The agreement ensures compliance with the Partnership Act 1890, relevant provisions of the Companies Act 2014, and applicable EU regulations. It's designed to provide a clear framework for partnership operations while protecting the interests of all parties involved, including provisions for intellectual property rights, confidentiality, and dispute resolution. This agreement is particularly vital for professional service providers who want to formalize their collaboration while maintaining individual professional autonomy within a partnership structure.
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1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and consultancy business objectives
3. Definitions: Defined terms used throughout the agreement
4. Partnership Structure: Legal structure, partnership shares, and capital contributions
5. Scope of Partnership: Nature of consultancy business and authorized activities
6. Management and Decision Making: Partnership governance, voting rights, and operational control
7. Financial Arrangements: Profit sharing, losses, drawings, and accounting principles
8. Services and Delivery: Nature of consultancy services provided and service standards
9. Duties and Obligations of Partners: Individual responsibilities and commitments of partners
10. Intellectual Property Rights: Ownership and usage of IP created during partnership
11. Confidentiality: Protection of partnership and client confidential information
12. Non-Competition and Non-Solicitation: Restrictions on competitive activities and client/employee solicitation
13. Liability and Indemnification: Risk allocation between partners and third-party liability
14. Term and Termination: Duration, renewal, and grounds for termination
15. Exit Provisions: Partner retirement, removal, and succession planning
16. Dispute Resolution: Procedures for resolving internal disputes
17. General Provisions: Boilerplate clauses including notices, amendments, and governing law
1. International Operations: Include when partnership operates across multiple jurisdictions
2. Data Protection Compliance: Detailed section required when processing significant personal data
3. Professional Indemnity: Specific provisions when offering regulated professional services
4. Regulatory Compliance: Include for sectors with specific regulatory requirements
5. Partner Development: Training and professional development provisions for growing firms
6. Marketing and Business Development: Include when specific partner responsibilities for business growth need defining
7. Environmental and Social Responsibility: Include when partnership has specific ESG commitments
8. Force Majeure: Detailed provisions for handling unforeseen circumstances
9. Insurance Requirements: Specific insurance obligations beyond standard coverage
10. Third-Party Rights: Include when agreements affect rights of external parties
1. Schedule 1 - Partner Details: Detailed information about each partner including qualifications and contributions
2. Schedule 2 - Services Description: Detailed scope of consultancy services offered
3. Schedule 3 - Fee Structure: Pricing models, rates, and payment terms for services
4. Schedule 4 - Profit Sharing Ratios: Detailed breakdown of profit distribution mechanisms
5. Schedule 5 - Operational Procedures: Day-to-day management and operational guidelines
6. Schedule 6 - Client List: Existing clients and any associated restrictions
7. Schedule 7 - Asset Register: Partnership assets and their agreed values
8. Appendix A - Professional Standards: Required qualifications and professional standards
9. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage
10. Appendix C - Compliance Procedures: Regulatory and internal compliance requirements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Professional Services
Management Consulting
Information Technology
Financial Services
Business Advisory
Healthcare Consulting
Environmental Consulting
Engineering Consulting
Human Resources Consulting
Strategy Consulting
Digital Transformation
Sustainability Consulting
Legal Services
Education and Training
Market Research
Relevant Teams
Legal
Compliance
Operations
Business Development
Finance
Human Resources
Risk Management
Partner Relations
Professional Services
Strategy
Management Consulting
Administration
Corporate Governance
Relevant Roles
Managing Partner
Senior Consultant
Partnership Director
Business Development Manager
Operations Director
Legal Counsel
Compliance Officer
Strategy Consultant
Management Consultant
Financial Controller
HR Director
Professional Services Director
Risk Manager
Partner Relations Manager
Chief Executive Officer
Practice Leader
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