The Partnership Contract Agreement is a fundamental legal document used when two or more parties wish to enter into a formal business partnership under Irish law. This agreement is essential for any business partnership formation, whether for professional services, trading, or other commercial activities. It draws its legal basis from the Partnership Act 1890 and other relevant Irish legislation, providing a comprehensive framework that governs the partnership's operations. The document addresses crucial aspects such as capital contributions, profit sharing, management rights, decision-making processes, partner obligations, and exit strategies. It's particularly important as it helps prevent future disputes by clearly defining all aspects of the partnership relationship and provides mechanisms for resolving any disagreements that may arise. The agreement should be customized to reflect the specific nature of the partnership business while ensuring compliance with Irish legal requirements and business regulations.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies and provides full details of all partners entering into the agreement
2. Background: Sets out the context and intention of the partners to form a partnership
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Partnership Formation and Term: Establishes the partnership's commencement date, term, and nature of the business
5. Capital Contributions: Details the initial and any ongoing capital contributions required from each partner
6. Profit and Loss Sharing: Specifies how profits and losses will be distributed among partners
7. Management and Decision Making: Outlines the management structure and decision-making processes
8. Partners' Rights and Duties: Details the rights, responsibilities, and obligations of all partners
9. Financial Management: Covers banking, accounting practices, and financial reporting requirements
10. Meetings and Voting: Establishes procedures for partner meetings and voting mechanisms
11. Restrictions on Partners: Sets out non-compete and other restrictive covenants
12. New Partners and Exits: Procedures for admitting new partners and handling partner exits
13. Death or Incapacity: Procedures following death or incapacity of a partner
14. Termination: Grounds and procedures for partnership termination
15. Dissolution: Process for winding up the partnership and distributing assets
16. Dispute Resolution: Procedures for resolving disputes between partners
17. Governing Law: Confirms Irish law as governing law and jurisdiction
1. Intellectual Property: Required when the partnership owns or develops significant IP assets
2. Property and Equipment: Needed when the partnership owns or leases significant physical assets
3. Employee Management: Include when the partnership will have employees
4. Insurance: Detailed insurance requirements for specific types of business
5. Professional Qualifications: Required for professional partnerships (e.g., legal, medical, accounting)
6. International Operations: Include for partnerships operating across multiple jurisdictions
7. Data Protection: Required when handling significant personal data
8. Environmental Compliance: Include for businesses with environmental impacts
9. Regulatory Compliance: Required for regulated industries
1. Schedule 1 - Partner Details: Detailed information about each partner, including contact details and professional qualifications
2. Schedule 2 - Capital Contributions: Detailed breakdown of each partner's initial and planned capital contributions
3. Schedule 3 - Profit Sharing Ratios: Detailed breakdown of profit and loss sharing arrangements
4. Schedule 4 - Business Plan: Initial business plan and strategic objectives
5. Schedule 5 - Partnership Property: List of partnership assets and their agreed values
6. Schedule 6 - Banking Arrangements: Details of bank accounts and banking authorities
7. Appendix A - Partnership Policies: Key operational policies and procedures
8. Appendix B - Meeting Procedures: Detailed procedures for partnership meetings
9. Appendix C - Valuation Methods: Agreed methods for valuing partnership interests
Find the exact document you need
Shared Ownership Tenancy Agreement
An Irish law agreement establishing shared ownership arrangements between housing authorities and tenant-purchasers, covering ownership shares, rental terms, and future purchase options.
Download
Business Ownership Contract
An Irish law-governed agreement establishing business ownership structure, rights, and responsibilities between owners/shareholders.
Download
Simple General Partnership Agreement
An Irish law agreement establishing a general partnership between two or more partners, defining their business relationship and mutual obligations.
Download
Software Ownership Agreement
An Irish law-governed agreement for transferring complete ownership rights of software, including intellectual property and related assets.
Download
Shared Ownership Lease Agreement
An Irish law agreement establishing shared property ownership between a housing authority and purchaser, including lease terms and staircasing provisions.
Download
Shared Ownership Contract
An Irish law-governed agreement establishing property co-ownership arrangements between multiple parties, defining ownership shares, rights, and responsibilities.
Download
Partnership Contract Agreement
An Irish law-governed agreement establishing and regulating a business partnership, defining partners' rights, responsibilities, and operational framework.
Download
Corporation Partnership Agreement
An Irish law-governed agreement establishing a formal partnership between corporate entities, defining their rights, obligations, and operational framework.
Download
Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions between business partners, including rights, responsibilities, and operational framework.
Download
Fractional Ownership Agreement
An Irish law-governed agreement establishing shared ownership rights and responsibilities between multiple parties for property or assets.
Download
Operating Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions for operating a business partnership, defining partner relationships and business operations.
Download
Beneficial Owner Agreement
An Irish law-governed agreement establishing the relationship between an entity and its beneficial owner(s), ensuring compliance with Irish and EU beneficial ownership regulations.
Download
Partnership Investment Agreement
An Irish law-governed agreement establishing terms for partnership investment, including capital contributions, management rights, and profit sharing arrangements.
Download
Tenancy In Common Agreement
An Irish law agreement establishing property co-ownership rights and responsibilities under a tenancy in common arrangement.
Download
Company Partnership Agreement
An Irish law-governed agreement establishing a partnership between companies, setting out terms for collaboration, management, and profit sharing.
Download
Co Ownership Agreement
An Irish law agreement establishing rights and responsibilities between multiple owners of a single property, detailing ownership shares, management, and operational procedures.
Download
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