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Online Partnership Agreement Template for United States

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Key Requirements PROMPT example:

Online Partnership Agreement

"I need an Online Partnership Agreement for a two-person digital marketing agency based in California, with equal profit sharing and specific provisions for managing social media accounts and client data, to be effective from March 1, 2025."

Document background
The Online Partnership Agreement serves as a foundational document for establishing formal partnerships in the digital business space under United States jurisdiction. This agreement is essential when two or more parties wish to collaborate in online business ventures, whether in e-commerce, digital services, or other internet-based operations. It addresses crucial elements such as profit sharing, digital asset management, data protection, and online operational responsibilities while incorporating relevant U.S. federal and state regulations. The document is particularly important in today's digital economy where traditional partnership principles need to be adapted for online business models. It includes specific provisions for electronic signatures, digital asset ownership, cybersecurity responsibilities, and online revenue sharing mechanisms.
Suggested Sections

1. Parties: Identification and details of all partners entering into the agreement

2. Background: Context of the partnership formation and general business purpose

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Partnership Formation and Term: Official establishment of the partnership, commencement date, and duration

5. Business Purpose and Scope: Detailed description of the online business activities and geographical scope

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 Control: Decision-making processes and partner authorities

9. Digital Assets and Intellectual Property: Ownership and management of websites, domains, and other digital assets

10. Data Protection and Privacy: Protocols for handling customer data and privacy compliance

11. Partner Duties and Obligations: Specific responsibilities of each partner

12. Banking and Financial Management: Financial operations and control procedures

13. Termination: Conditions and processes for ending the partnership

14. Dispute Resolution: Procedures for resolving conflicts between partners

15. Governing Law: Applicable jurisdiction and legal framework

Optional Sections

1. Non-Compete Provisions: Restrictions on partners engaging in competing businesses, used when partners have other business interests

2. International Operations: Specific provisions for cross-border activities, included when operating internationally

3. Technical Infrastructure: Details of technical responsibilities and systems, needed for technology-heavy partnerships

4. Marketing and Branding: Guidelines for marketing activities and brand usage, important for customer-facing businesses

5. Social Media Management: Protocols for social media presence and management, relevant for partnerships with significant social media presence

6. Third-Party Integration: Terms for integrating with other platforms or services, needed when using external services

7. Affiliate Programs: Structure and management of affiliate relationships, included when running affiliate programs

8. Content Creation and Ownership: Guidelines for content development and rights, important for content-based businesses

Suggested Schedules

1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial and planned capital contributions

2. Schedule B - Profit Sharing Ratios: Specific percentages and calculations for profit distribution

3. Schedule C - Digital Asset Inventory: List of all digital assets owned by the partnership

4. Schedule D - Technical Specifications: Technical requirements and infrastructure details

5. Schedule E - Data Processing Protocols: Detailed procedures for handling and processing user data

6. Appendix 1 - Partner Contact Information: Complete contact details and communication protocols

7. Appendix 2 - Operating Procedures: Day-to-day operational guidelines and procedures

8. Appendix 3 - Compliance Checklist: List of regulatory requirements and compliance measures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions











































Clauses








































Relevant Industries

E-commerce

Digital Marketing

Software Development

Online Education

Digital Content Creation

Social Media

Online Gaming

Digital Consulting

Online Retail

Financial Technology

Digital Entertainment

Online Professional Services

Cloud Computing

Digital Healthcare

Online Marketplace

Relevant Teams

Legal

Business Development

Digital Operations

Information Technology

Compliance

Finance

Strategy

Product Development

Partnership Management

Risk Management

Relevant Roles

CEO

Business Development Manager

Chief Technology Officer

Digital Operations Director

E-commerce Manager

Legal Counsel

Partnership Manager

Digital Strategy Director

Online Business Owner

Technology Manager

Compliance Officer

Digital Product Manager

Operations Director

Chief Digital Officer

Startup Founder

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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