The Business To Business Partnership Agreement is essential for companies looking to formalize collaborative business relationships in Singapore. This document is particularly relevant when businesses wish to combine resources, expertise, or market presence while maintaining separate legal identities. It addresses key aspects such as profit sharing, operational responsibilities, intellectual property rights, and risk allocation. The agreement must comply with Singapore's Partnership Act and related commercial laws, making it suitable for both local and international business partnerships operating within Singapore's jurisdiction. It provides a clear framework for partnership governance while protecting the interests of all parties involved.
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Key Requirements PROMPT example:
Business To Business Partnership Agreement
"I need a Business To Business Partnership Agreement for a technology company in Singapore partnering with a Malaysian software development firm, with specific focus on intellectual property rights and profit sharing from jointly developed products starting March 2025."
1. Parties: Identification and details of the partnering businesses
2. Background: Context and purpose of the partnership agreement
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal structure, ownership, and governance
5. Roles and Responsibilities: Specific duties of each partner
6. Financial Arrangements: Profit sharing, capital contributions, and expenses
7. Term and Termination: Duration and conditions for ending the partnership
8. Governing Law: Specification of Singapore law as governing law
1. Non-Compete: Restrictions on competitive activities - used when partners operate in same industry or market
2. Intellectual Property Rights: IP ownership and licensing arrangements - used when partnership involves creation or use of IP
3. Marketing and Branding: Rules for joint marketing activities - used when partnership involves joint promotional activities
4. Force Majeure: Provisions for unforeseen circumstances - used when long-term commitments are involved
1. Schedule 1: Business Plan: Detailed operational and strategic plans
2. Schedule 2: Financial Projections: Expected costs, revenues, and profit sharing calculations
3. Schedule 3: Partner Contributions: List of initial and ongoing contributions by each partner
4. Schedule 4: Key Performance Indicators: Metrics for measuring partnership success
5. Appendix A: Service Level Agreements: Detailed service standards and expectations
6. Appendix B: Compliance Requirements: Industry-specific regulatory requirements
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