General Partnership Agreement Template for Australia

1. Intellectual Property Rights: Ownership and management of IP when the partnership involves significant intellectual property

2. Non-Competition and Non-Solicitation: Restrictions on partners' competitive activities, used when protecting business interests is crucial

3. Insurance Requirements: Specific insurance obligations when the business has significant risk exposure

4. Partnership Property: Detailed provisions about ownership and use of partnership assets when significant property is involved

5. Employee Management: Procedures for hiring and managing employees when the partnership will have employees

6. International Operations: Additional provisions for partnerships operating across multiple jurisdictions

7. Succession Planning: Detailed provisions for business continuity in case of death or incapacity of partners

8. Environmental Obligations: Environmental compliance requirements for partnerships in industries with environmental impact

1. Schedule 1 - Capital Contributions: Detailed breakdown of initial and agreed future capital contributions

2. Schedule 2 - Profit Sharing Ratios: Specific percentages or formulas for profit and loss distribution

3. Schedule 3 - Partnership Assets: Inventory of assets contributed to or owned by the partnership

4. Schedule 4 - Management Structure: Detailed organizational structure and management responsibilities

5. Schedule 5 - Business Plan: Initial business plan and strategic objectives

6. Appendix A - Nominated Bank Accounts: Details of partnership bank accounts and authorized signatories

7. Appendix B - Accounting Principles: Agreed accounting policies and procedures

8. Appendix C - Dispute Resolution Procedures: Detailed procedures for various types of dispute resolution