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1. Parties: Identification of all partnership parties with full legal names and addresses
2. Background: Context of the partnership formation and brief description of the hotel property
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Partnership Structure: Legal structure of the partnership, ownership percentages, and capital contributions
5. Term and Renewal: Duration of the partnership agreement and renewal provisions
6. Management and Control: Decision-making processes, voting rights, and management responsibilities
7. Financial Arrangements: Capital accounts, profit/loss sharing, distribution policy, and accounting procedures
8. Operational Requirements: Day-to-day management, standard operating procedures, and quality standards
9. Staff and Employment: Employment policies, staff management, and labor compliance requirements
10. Insurance and Indemnification: Required insurance coverage and mutual indemnification provisions
11. Regulatory Compliance: Obligations to comply with relevant hospitality and business regulations
12. Termination: Circumstances and procedures for partnership termination
13. Dispute Resolution: Procedures for resolving disputes between partners
14. General Provisions: Standard legal clauses including notices, amendments, and governing law
1. Property Lease: Required if the hotel property is leased rather than owned by the partnership
2. Franchise Requirements: Needed if the hotel operates under a franchise agreement
3. Food and Beverage Operations: Required for hotels with restaurants, bars, or room service
4. Intellectual Property: Necessary if the partnership owns or licenses specific branding or technology
5. Environmental Compliance: Required for properties with specific environmental considerations or certifications
6. Marketing and Promotion: Detailed marketing responsibilities and budget allocations if handled internally
7. Development Rights: Included if future property development or expansion is contemplated
1. Schedule 1 - Property Details: Detailed description of the hotel property, including floor plans and facilities
2. Schedule 2 - Initial Capital Contributions: Itemized list of each partner's initial capital contributions
3. Schedule 3 - Management Structure: Organizational chart and key management positions
4. Schedule 4 - Operating Budget: Initial operating budget and financial projections
5. Schedule 5 - Service Standards: Detailed quality and service standards for hotel operations
6. Schedule 6 - Insurance Requirements: Specific insurance types and coverage amounts required
7. Schedule 7 - Existing Contracts: List of existing supplier, vendor, and service contracts
8. Appendix A - Required Licenses: List of all required operational licenses and permits
9. Appendix B - Partner Contact Details: Detailed contact information for all partners and key representatives
Hospitality
Tourism
Real Estate
Food and Beverage
Entertainment
Events and Conferences
Property Management
Hotel Development
Investment and Finance
Legal
Operations
Finance
Compliance
Property Management
Business Development
Risk Management
Asset Management
Investment
Corporate Development
Hospitality Operations
Hotel General Manager
Operations Director
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Property Manager
Investment Director
Development Manager
Compliance Officer
Risk Manager
Partnership Manager
Asset Manager
Hospitality Director
Business Development Manager
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