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1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and business objectives
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Name and Business: Official name of the partnership and nature of business activities
5. Term and Commencement: Duration of partnership and start date
6. Capital Contributions: Initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Distribution of profits and allocation of losses among partners
8. Management and Decision Making: Partnership management structure and voting rights
9. Banking and Financial Matters: Banking arrangements and financial management procedures
10. Partner Duties and Obligations: Rights, responsibilities, and obligations of partners
11. Meetings and Records: Requirements for partnership meetings and maintenance of records
12. Restrictions on Partners: Non-compete and other restrictive covenants
13. Addition and Retirement of Partners: Procedures for adding new partners or handling partner retirement
14. Dissolution and Termination: Conditions and procedures for partnership dissolution
15. Dispute Resolution: Mechanism for resolving disputes between partners
16. Governing Law: Applicable laws governing the partnership agreement
1. Intellectual Property Rights: Terms regarding ownership and use of intellectual property, relevant for partnerships involving creative or technical work
2. International Operations: Provisions for international business activities, if the partnership operates across borders
3. Employee Management: Terms regarding hiring and managing employees, if the partnership will have employees
4. Insurance Requirements: Specific insurance obligations, particularly relevant for high-risk businesses
5. Environmental Compliance: Environmental responsibilities, particularly relevant for manufacturing or industrial partnerships
6. Technology and Data Protection: Terms regarding use of technology and data protection, relevant for digital businesses
7. Religious Compliance: Provisions ensuring compliance with Islamic banking principles, if applicable
8. Force Majeure: Provisions for unforeseen circumstances affecting partnership operations
1. Schedule A - Capital Contributions: Detailed breakdown of initial and committed capital contributions from each partner
2. Schedule B - Profit Sharing Ratios: Detailed allocation of profit and loss sharing percentages
3. Schedule C - Partner Information: Detailed information about each partner including contact details and nominee information
4. Schedule D - Business Assets: List and valuation of partnership assets at formation
5. Schedule E - Management Responsibilities: Detailed allocation of management duties and responsibilities
6. Appendix 1 - Business Plan: Initial business plan and projections
7. Appendix 2 - Partnership Policies: Internal policies and procedures for partnership operation
8. Appendix 3 - Required Licenses: Copies of business licenses and permits required for operation
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