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Salaried Partner Agreement
"I need a Salaried Partner Agreement for our Dubai-based law firm to promote a senior associate to salaried partner effective March 1, 2025, with special focus on international client work and cross-border transactions."
1. Parties: Identification of the partnership/firm and the salaried partner
2. Background: Context of the agreement and partnership structure
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment as salaried partner and duration
5. Status and Duties: Role, responsibilities, and scope of authority
6. Commitment and Time: Working hours, availability, and dedication requirements
7. Remuneration and Benefits: Salary, profit share, benefits, and payment terms
8. Expenses and Resources: Expense policies and provision of necessary resources
9. Leave Entitlements: Annual leave, sick leave, and other permitted absences
10. Professional Requirements: Licensing, qualifications, and continuing education
11. Confidentiality: Protection of firm's confidential information
12. Intellectual Property: Ownership and rights to work product and innovations
13. Restrictive Covenants: Non-compete and non-solicitation provisions
14. Termination: Grounds and process for termination
15. Post-Termination Obligations: Ongoing obligations after agreement ends
16. General Provisions: Governing law, notices, entire agreement, and amendments
1. Capital Contribution: Required if the salaried partner is expected to make any capital investment
2. International Assignments: Include if partner may be required to work in other jurisdictions
3. Client Development: Specific obligations regarding business development, if required
4. Management Responsibilities: Include if partner has specific management duties
5. Performance Metrics: Include if specific KPIs or performance targets apply
6. Profit Sharing Scheme: Detailed profit sharing mechanics if more complex than basic salary
7. Professional Indemnity: Specific provisions about professional liability and insurance
8. Retirement Provisions: Include if specific retirement benefits or arrangements apply
1. Schedule 1 - Remuneration Details: Detailed breakdown of salary, benefits, and profit share calculation
2. Schedule 2 - Duties and Responsibilities: Detailed list of partner's specific duties and areas of responsibility
3. Schedule 3 - Benefits Package: Comprehensive list of benefits, allowances, and entitlements
4. Schedule 4 - Performance Criteria: Specific metrics and targets for performance evaluation
5. Schedule 5 - Restricted Clients: List of clients covered by non-solicitation provisions
6. Appendix A - Firm Policies: Key firm policies applicable to salaried partners
7. Appendix B - Professional Requirements: Details of required qualifications and ongoing professional development
8. Appendix C - Expense Policy: Detailed guidelines on expense claims and reimbursement
Authors
Appointment
Appointment Date
Board
Business
Business Day
Cause
Client
Commencement Date
Confidential Information
Equity Partner
Executive Committee
Financial Year
Firm
Firm's Business
Good Leaver
Governing Body
Gross Misconduct
Group
Intellectual Property Rights
Managing Partner
Notice Period
Partner
Partnership
Partnership Board
Partnership Deed
Partnership Year
Performance Criteria
Practice Area
Professional Rules
Profit Share
Prohibited Area
Restricted Business
Restricted Client
Restricted Period
Retirement Age
Salaried Partner
Services
Territory
UAE
Working Days
Working Hours
Term
Status and Duties
Working Hours
Location of Work
Remuneration
Profit Share
Benefits
Expenses
Leave Entitlements
Professional Requirements
Performance Standards
Management Responsibilities
Client Relations
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Non-Poaching
Professional Indemnity
Insurance
Termination
Garden Leave
Post-Termination Obligations
Partnership Meetings
Voting Rights
Decision Making
Capital Contribution
Financial Reporting
Professional Conduct
Compliance
Dispute Resolution
Governing Law
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Amendments
Waiver
Legal Services
Accounting and Audit
Management Consulting
Financial Services
Professional Services
Architecture
Engineering Consultancy
Medical Practice
Real Estate Advisory
Tax Advisory
Legal
Human Resources
Partnership Board
Executive Committee
Professional Standards
Compliance
Risk Management
Operations
Finance
Business Development
Salaried Partner
Non-Equity Partner
Senior Partner
Managing Partner
Department Head
Practice Group Leader
Senior Associate
Director
Principal Consultant
Senior Manager
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