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1. Parties: Identification of all partnership parties with full legal names and registration details
2. Background: Context of the partnership formation and construction business objectives
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Partnership Structure: Legal structure, ownership percentages, and management framework of the partnership
5. Capital Contributions: Initial and ongoing capital requirements, including contributions of each partner
6. Profit and Loss Sharing: Distribution of profits and allocation of losses among partners
7. Management and Decision Making: Governance structure, voting rights, and decision-making processes
8. Construction Operations: Scope of construction activities, operational procedures, and project management
9. Duties and Responsibilities: Specific roles and obligations of each partner in both partnership and construction activities
10. Financial Management: Banking arrangements, accounting procedures, and financial reporting requirements
11. Regulatory Compliance: Obligations regarding licenses, permits, and compliance with construction regulations
12. Insurance and Liability: Required insurance coverage and allocation of liabilities
13. Term and Termination: Duration of partnership and conditions for termination
14. Dispute Resolution: Procedures for resolving conflicts between partners
15. Governing Law: Application of Malaysian law and jurisdiction
1. Intellectual Property Rights: Include when the partnership involves proprietary construction methods or technologies
2. Environmental Compliance: Required for projects with significant environmental impact considerations
3. Employee Management: Include when the partnership directly employs construction workers
4. Equipment and Asset Management: Required when partners contribute significant construction equipment or assets
5. International Operations: Include for partnerships operating across international borders
6. Succession Planning: Required for long-term partnerships or where continuity is crucial
7. Non-Compete Provisions: Include when partners want to restrict competition post-partnership
8. Technology and Systems: Required when implementing specific construction or management technologies
9. Quality Control Standards: Include for projects requiring specific quality management systems
10. Safety Management: Required for high-risk construction activities
1. Schedule 1 - Partner Details: Detailed information about each partner including qualifications and licenses
2. Schedule 2 - Capital Contributions: Detailed breakdown of initial and planned capital contributions
3. Schedule 3 - Project Portfolio: List of current and planned construction projects
4. Schedule 4 - Asset Register: Inventory of partnership assets including construction equipment
5. Schedule 5 - Financial Procedures: Detailed accounting and financial management procedures
6. Schedule 6 - Insurance Requirements: Specific insurance policies and coverage requirements
7. Schedule 7 - Operating Procedures: Standard operating procedures for construction activities
8. Appendix A - Management Structure: Organizational chart and management responsibilities
9. Appendix B - Required Permits: List of required licenses and permits for operations
10. Appendix C - Quality Standards: Specific quality control requirements and standards
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