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Partnership Agreement Between 3 Parties
"I need a Partnership Agreement Between 3 Parties for a real estate development project in Dubai, where two UAE nationals and one foreign investor will collaborate, with specific provisions for staged capital contributions starting from March 2025 and detailed profit-sharing arrangements based on both capital investment and operational roles."
1. Parties: Details of the three partners entering into the agreement, including full legal names, addresses, and registration details if corporate entities
2. Background: Context of the partnership formation, business objectives, and any relevant historical information
3. Definitions: Comprehensive list of defined terms used throughout the agreement
4. Partnership Structure and Formation: Legal structure of the partnership, effective date, and term of the partnership
5. Capital Contributions: Detailed breakdown of initial and any subsequent capital contributions from each partner
6. Ownership and Profit Sharing: Percentage ownership stakes and profit/loss distribution mechanism
7. Management and Control: Decision-making processes, voting rights, and management responsibilities of each partner
8. Business Operations: Day-to-day operational procedures, business scope, and territorial limitations
9. Partner Rights and Obligations: Detailed rights and duties of each partner, including participation in management
10. Financial Management: Banking arrangements, accounting procedures, and financial reporting requirements
11. Transfer of Partnership Interests: Rules regarding the sale, transfer, or encumbrance of partnership interests
12. Termination and Exit: Conditions for partnership termination and partner exit procedures
13. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
14. General Provisions: Standard clauses including notices, amendments, and severability
1. Intellectual Property Rights: Required when the partnership owns or develops IP assets, detailing ownership and usage rights
2. Non-Competition and Confidentiality: Important when partners have access to sensitive business information or might compete with the partnership
3. Islamic Finance Compliance: Required when the partnership needs to ensure Sharia compliance in its operations
4. Free Zone Regulations Compliance: Necessary when the partnership operates within a UAE free zone
5. Employee Management: Required when the partnership will have employees, detailing hiring policies and responsibilities
6. Additional Capital Contributions: Important when future capital calls are anticipated
7. Partner Deadlock Resolution: Useful for equal partnerships to address potential voting deadlocks
8. Environmental Compliance: Necessary for partnerships operating in environmentally sensitive industries
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial capital contributions, including valuations of non-cash contributions
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives of the partnership
3. Schedule 3 - Partner Contact Details: Complete contact information and notice details for all partners
4. Schedule 4 - Management Structure: Organizational chart and detailed management responsibilities
5. Schedule 5 - Financial Procedures: Detailed accounting procedures, reporting templates, and financial controls
6. Schedule 6 - Key Performance Indicators: Metrics for measuring partnership and individual partner performance
7. Appendix A - Partner Representatives: List of authorized representatives for each partner
8. Appendix B - Required Licenses and Permits: List of necessary operational licenses and permits for the business
9. Appendix C - Asset Register: Inventory of partnership assets and their ownership status
Authors
Applicable Law
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Defaulting Partner
Dispute
Effective Date
Encumbrance
Financial Year
Force Majeure Event
Initial Capital
Intellectual Property Rights
Key Performance Indicators
Management Committee
Managing Partner
Material Breach
Non-Defaulting Partner
Operating Costs
Partner Representative
Partnership
Partnership Assets
Partnership Interest
Partnership Property
Profit and Loss
Quarter
Reserved Matters
Simple Majority
Special Majority
Super Majority
Term
Territory
Third Party
Transfer
UAE
Unanimous Consent
Working Capital
Formation of Partnership
Term and Duration
Capital Contributions
Partnership Interests
Profit and Loss Distribution
Management Rights
Voting Rights
Decision Making
Partner Obligations
Business Operations
Financial Management
Banking Arrangements
Accounts and Records
Partner Meetings
Reserved Matters
Transfer Restrictions
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Non-Competition
Confidentiality
Intellectual Property
Default Events
Deadlock Resolution
Force Majeure
Termination
Partner Exit
Buy-Out Rights
Dispute Resolution
Governing Law
Jurisdiction
Notices
Amendment
Assignment
Severability
Entire Agreement
Third Party Rights
Costs and Expenses
Compliance with Laws
Anti-Money Laundering
Real Estate Development
Trading and Distribution
Professional Services
Manufacturing
Technology and Software
Healthcare
Education
Hospitality and Tourism
Construction and Engineering
Retail
Financial Services
Consulting
Logistics and Transportation
Media and Entertainment
Legal
Finance
Compliance
Corporate Governance
Business Development
Operations
Risk Management
Strategy
Investment
Executive Leadership
Chief Executive Officer
Managing Director
Legal Counsel
Chief Financial Officer
Business Development Director
Commercial Director
Company Secretary
Compliance Officer
Partner
Board Member
Operations Director
Investment Manager
Corporate Lawyer
Risk Manager
Strategy Director
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