Preliminary Partnership Agreement Template for Australia

1. Non-Competition: Restrictions on competing activities during and after the preliminary period, used when parties are potential competitors

2. Intellectual Property: Ownership and usage rights of IP during the preliminary period, included when IP is a significant aspect of the proposed business

3. External Funding: Terms regarding seeking and securing external funding, included when external financing is contemplated

4. Key Personnel: Identification of key individuals and their roles, used when specific expertise or personnel are crucial to the partnership

5. Regulatory Compliance: Specific regulatory requirements and compliance obligations, included for regulated industries

6. Dispute Resolution: Detailed dispute resolution procedures, included when parties want specific resolution mechanisms

7. Insurance: Insurance requirements during the preliminary period, included when significant risks need to be covered

1. Schedule 1 - Business Plan: Preliminary business plan outlining proposed operations and objectives

2. Schedule 2 - Initial Capital Contributions: Detailed breakdown of proposed capital contributions from each party

3. Schedule 3 - Due Diligence Requirements: List of required documentation and information for due diligence

4. Schedule 4 - Proposed Partnership Structure: Organizational chart and management structure of the proposed partnership

5. Schedule 5 - Key Milestones: Timeline of key dates and milestones for establishing the full partnership

6. Appendix A - Confidentiality Terms: Detailed confidentiality obligations and procedures

7. Appendix B - Required Regulatory Approvals: List of necessary regulatory approvals and licenses