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Management Partnership Agreement
"I need a Management Partnership Agreement for a technology consulting firm based in Auckland, where three senior partners will have exclusive management rights and five junior partners will be passive investors, with the agreement starting from March 2025."
1. Parties: Identifies and defines all parties to the agreement, including full legal names and addresses
2. Background: Sets out the context of the agreement, including the purpose of the partnership and management arrangement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Partnership Structure: Outlines the nature of the partnership, ownership structure, and capital contributions
5. Management Rights and Responsibilities: Details the specific management duties, authority levels, and decision-making powers
6. Financial Arrangements: Covers management fees, profit sharing, expense allocation, and financial reporting requirements
7. Operational Procedures: Establishes day-to-day management procedures, reporting lines, and operational policies
8. Term and Termination: Specifies the duration of the agreement and circumstances for termination
9. Dispute Resolution: Outlines the process for resolving disagreements between parties
10. Confidentiality: Defines confidential information and obligations to maintain confidentiality
11. General Provisions: Contains standard legal clauses including notices, amendments, and governing law
1. Intellectual Property: Include when the partnership involves creation or use of intellectual property
2. Non-Compete and Non-Solicitation: Add when partners want to restrict competitive activities
3. Insurance Requirements: Include when specific insurance coverage needs to be maintained
4. Exit Strategy: Add when partners want to define specific exit mechanisms or succession planning
5. International Operations: Include for partnerships operating across multiple jurisdictions
6. Environmental Compliance: Add for businesses with environmental impact considerations
7. Technology and Data Protection: Include when the partnership involves significant IT systems or data handling
1. Schedule 1: Partner Details and Capital Contributions: Detailed information about partners and their initial and ongoing capital contributions
2. Schedule 2: Management Fee Structure: Detailed breakdown of management fees, calculation methods, and payment terms
3. Schedule 3: Key Performance Indicators: Specific performance metrics and targets for management evaluation
4. Schedule 4: Operational Procedures Manual: Detailed procedures for day-to-day management and operations
5. Schedule 5: Asset Register: List of partnership assets under management
6. Appendix A: Financial Reporting Templates: Standard templates for required financial reports
7. Appendix B: Delegated Authority Matrix: Detailed breakdown of decision-making authority levels
Authors
Professional Services
Real Estate
Investment Management
Agricultural Business
Retail Operations
Manufacturing
Technology Services
Healthcare Services
Hospitality
Construction
Education Services
Legal
Finance
Executive Leadership
Operations
Risk and Compliance
Corporate Governance
Business Development
Partnership Management
Administrative Support
Managing Director
Chief Executive Officer
Chief Financial Officer
General Counsel
Partnership Manager
Operations Director
Business Development Manager
Legal Counsel
Risk Manager
Compliance Officer
Company Secretary
Senior Partner
Managing Partner
Finance Director
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