Joint Business Partnership Agreement Template for Australia

1. Intellectual Property Rights: Used when the partnership involves creation or use of intellectual property, defining ownership and usage rights

2. Partnership Property: Required when the partnership owns significant assets, detailing ownership and management of partnership property

3. Insurance: Important when specific insurance coverage is required for the business operations

4. Good Will: Relevant when the partnership involves existing business goodwill or expects to develop significant goodwill

5. Admission of New Partners: Include when the partnership may expand to include additional partners in the future

6. Death or Incapacity of Partners: Important for larger or long-term partnerships to address succession planning

7. Online Presence and Social Media: Necessary when the partnership maintains significant online operations or social media presence

8. Environmental Obligations: Required for businesses with environmental impacts or sustainability commitments

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

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

3. Schedule 3 - Partner Details: Complete partner information including contact details, professional qualifications, and roles

4. Schedule 4 - Business Plan: Initial business plan and strategic objectives of the partnership

5. Schedule 5 - Assets Register: List of all assets contributed to or owned by the partnership

6. Schedule 6 - Intellectual Property Register: Details of all intellectual property owned or used by the partnership

7. Appendix A - Management Procedures: Detailed procedures for day-to-day management and decision-making

8. Appendix B - Financial Procedures: Specific procedures for financial management and reporting