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1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and brief description of the business purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Business: Detailed description of the nature and scope of partnership business
5. Capital Contributions: Details of initial and ongoing capital contributions by each partner
6. Profit and Loss Sharing: Terms for distribution of profits and allocation of losses
7. Management and Decision Making: Partnership management structure and decision-making processes
8. Rights and Duties of Partners: Detailed obligations and rights of all partners
9. Banking and Financial Matters: Financial management procedures and banking arrangements
10. Accounts and Records: Requirements for maintaining partnership accounts and records
11. Addition and Retirement of Partners: Procedures for admitting new partners and handling partner retirements
12. Death or Incapacity: Procedures in case of death or incapacity of partners
13. Dissolution and Termination: Circumstances and procedures for partnership dissolution
14. Dispute Resolution: Mechanisms for resolving partnership disputes
15. Governing Law: Specification of Pakistani law as governing law and jurisdiction
16. General Provisions: Miscellaneous legal provisions including notices, amendments, etc.
1. Non-Competition: Restrictions on partners engaging in competing businesses - include when partners may have other business interests
2. Intellectual Property: IP ownership and usage rights - include for partnerships involving creative work or technology
3. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic financial principles - include when partners require Shariah compliance
4. International Operations: Provisions for international business activities - include for partnerships operating across borders
5. Property Ownership: Terms regarding partnership property ownership - include when partnership owns significant assets
6. Employee Management: Guidelines for hiring and managing employees - include for larger partnerships with staff
7. Insurance Requirements: Specific insurance obligations - include for high-risk businesses
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule 2 - Profit Sharing Ratios: Detailed profit and loss sharing arrangements including any variations
3. Schedule 3 - Business Plan: Initial business plan and strategic objectives of the partnership
4. Schedule 4 - Property Details: List and details of partnership properties and assets
5. Schedule 5 - Partner Information: Detailed information about each partner including contact details and nominees
6. Appendix A - Management Procedures: Detailed procedures for day-to-day management and decision-making
7. Appendix B - Accounting Policies: Specific accounting policies and procedures to be followed
8. Appendix C - Partnership Forms: Standard forms for partnership notices, resolutions, and other regular communications
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