Online Partnership Agreement Template for Australia

The Online Partnership Agreement is designed for businesses and individuals in Australia seeking to formalize their collaboration in digital ventures. This document is essential when two or more parties wish to establish a partnership primarily operating in the online space, whether for e-commerce, digital services, or other web-based business activities. The agreement incorporates requirements from Australian partnership law, electronic transactions legislation, and digital commerce regulations, making it suitable for modern business operations. It addresses crucial aspects such as digital asset ownership, online revenue streams, technical responsibilities, and data protection obligations, while providing a clear framework for partnership management and dispute resolution. This document is particularly relevant in today's digital economy where traditional partnership principles need to adapt to online business models.

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

2. Background: Context of the partnership formation and intended online business operations

3. Definitions: Definitions of key terms used throughout the agreement, including technical and online-specific terminology

4. Partnership Formation: Declaration of partnership formation, commencement date, and business purpose

5. Partnership Name and Domain Names: Agreed business name, website domains, and social media handles

6. Capital Contributions: Initial and ongoing capital contributions from each partner, including both monetary and non-monetary assets

7. Profit and Loss Sharing: Distribution of profits and losses among partners, including online revenue streams

8. Management and Control: Decision-making processes, voting rights, and operational control

9. Partners' Duties and Obligations: Responsibilities of each partner, including online platform management

10. Intellectual Property Rights: Ownership and usage of IP, including website content, software, and digital assets

11. Data Protection and Privacy: Obligations regarding customer data handling and privacy compliance

12. Banking and Financial Management: Management of partnership finances, including online payment systems

13. Term and Termination: Duration of partnership and conditions for termination

14. Dispute Resolution: Process for resolving disagreements between partners

15. Governing Law: Applicable law and jurisdiction