Salaried Partnership Agreement Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Salaried Partnership Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Salaried Partnership Agreement

"Need a Salaried Partnership Agreement for an accounting firm in Sydney, Australia, with provisions for potential progression to equity partnership after 3 years and specific clauses for handling international clients."

Document background
The Salaried Partnership Agreement is essential for professional services firms operating in Australia who wish to appoint partners on a salaried basis rather than as equity partners. This document is typically used when a firm wants to recognize and reward senior professionals with partner status while maintaining a distinction from equity partnership. The agreement needs to comply with Australian partnership law, employment legislation, and relevant professional regulations. It covers crucial elements including partner duties, remuneration structure, performance expectations, confidentiality obligations, and restrictive covenants. The document is particularly important for establishing clear governance structures, managing risk, and ensuring compliance with regulatory requirements while protecting both the firm's and the salaried partner's interests.
Suggested Sections

1. Parties: Identifies the partnership entity and the incoming salaried partner

2. Background: Outlines the context of the agreement and the intention to appoint the salaried partner

3. Definitions and Interpretation: Defines key terms and establishes rules for interpreting the agreement

4. Appointment and Term: Details the appointment as salaried partner and duration of the appointment

5. Status and Authority: Defines the salaried partner's position, authority levels, and relationship to equity partners

6. Duties and Obligations: Specifies the salaried partner's responsibilities, performance expectations, and compliance requirements

7. Remuneration and Benefits: Details salary, profit share (if any), benefits, and payment terms

8. Working Hours and Leave: Specifies expected time commitment and leave entitlements

9. Expenses and Resources: Outlines expense policies and resources provided by the firm

10. Confidentiality: Defines confidential information and obligations to maintain confidentiality

11. Intellectual Property: Addresses ownership and protection of firm's intellectual property

12. Restrictive Covenants: Details non-compete and non-solicitation obligations

13. Termination: Specifies grounds for termination and process

14. Post-Termination Obligations: Outlines obligations and restrictions after termination

15. General Provisions: Includes standard boilerplate clauses, governing law, and dispute resolution

Optional Sections

1. International Practice: Required when partner has international responsibilities or firm has overseas offices

2. Professional Indemnity: Detailed insurance requirements for specific professional services firms

3. Client Development and Marketing: Specific obligations for business development, used when partner has significant BD responsibilities

4. Equity Partnership Track: Include when there's a defined path to equity partnership

5. Compliance with Industry Regulations: Required for regulated industries like legal or financial services

6. Sabbatical Rights: Include if firm offers sabbatical programs

7. Technology and Systems: Detailed IT policies for tech-heavy practices

8. Remote Working Arrangements: Include for flexible working arrangements

9. Cross-Border Tax Provisions: Required for international tax implications

Suggested Schedules

1. Schedule 1 - Remuneration Package: Detailed breakdown of salary, benefits, and any performance-based compensation

2. Schedule 2 - Position Description: Detailed role specifications and responsibilities

3. Schedule 3 - KPIs and Performance Metrics: Specific performance indicators and targets

4. Schedule 4 - Firm Policies: Key firm policies applicable to salaried partners

5. Schedule 5 - Insurance Requirements: Details of required professional indemnity and other insurance coverage

6. Schedule 6 - Approved External Appointments: List of pre-approved directorships or external positions

7. Appendix A - Partnership Structure: Current structure of the partnership and governance framework

8. Appendix B - Equity Partnership Criteria: Requirements and process for progression to equity partnership

9. Appendix C - Office Locations: List of firm offices and jurisdictions of operation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Legal Services

Accounting and Financial Services

Management Consulting

Architecture and Design

Medical Practices

Engineering Consultancy

Professional Services

Real Estate Advisory

Tax Advisory

Business Advisory

Relevant Teams

Legal

Human Resources

Partnership Governance

Professional Standards

Compliance

Senior Management

Operations

Finance

Risk Management

Partnership Board

Executive Committee

Relevant Roles

Managing Partner

Senior Partner

Salaried Partner

Associate Partner

Principal

Director

Senior Associate

Practice Leader

Department Head

Group Leader

Executive Director

Chief Operating Officer

Partnership Secretary

Head of Legal

Head of Professional Standards

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Precedent Partnership Agreement

Australian Partnership Agreement template for establishing and governing business partnerships, compliant with Australian partnership laws and regulations.

find out more

Limited Partnership Subscription Agreement

An Australian-law governed agreement for investing in a limited partnership as a Limited Partner, setting out subscription terms and regulatory compliance requirements.

find out more

Budget Partnership Agreement

An Australian legal agreement establishing terms for joint budget management and financial collaboration between partners.

find out more

Limited Partners Agreement

An Australian legal agreement establishing a limited partnership structure between managing General Partners and investing Limited Partners, governed by Australian partnership law and regulations.

find out more

Domestic Partner Agreement

An Australian law-governed agreement establishing rights and obligations between domestic partners, including financial and personal arrangements.

find out more

Partnership Agreement Between Two Companies

An Australian legal agreement establishing a business partnership between two companies, governed by federal and state partnership laws.

find out more

Simple Collaboration Agreement

An Australian law-governed agreement establishing terms and conditions for collaboration between multiple parties, defining roles, responsibilities, and mutual obligations.

find out more

Non Binding Partnership Agreement

An Australian jurisdiction document that outlines intended partnership arrangements between parties while maintaining a non-binding legal status.

find out more

Letter Of Intent Partnership Agreement

An Australian-compliant preliminary document outlining intended partnership terms and conditions, serving as a framework for negotiating a formal partnership agreement.

find out more

Letter For Partnership Agreement

An Australian-compliant formal letter establishing a business partnership arrangement, outlining key terms and conditions in a concise, personal format.

find out more

Salaried Partnership Agreement

An Australian law-governed agreement establishing the terms for appointing a salaried partner, defining their rights, responsibilities, and relationship with the partnership.

find out more

Brand Partnership Contract

An Australian law-governed agreement establishing terms and conditions for brand collaboration between parties, including IP rights, marketing obligations, and compliance requirements.

find out more

Social Media Partnership Agreement

An Australian-compliant agreement governing social media marketing partnerships between businesses and influencers, addressing content, compensation, and regulatory requirements.

find out more

Partnership License Agreement

An Australian-law governed agreement establishing partnership terms and licensing arrangements between parties, including rights usage and revenue sharing structures.

find out more

Formal Partnership Agreement

An Australian-law governed agreement establishing the terms and conditions between business partners, including rights, responsibilities, and operational procedures.

find out more

Buy Sell Agreement Between Business Partners

An Australian-compliant agreement establishing terms for business ownership transfers between partners, including valuation methods and triggering events.

find out more

Technology Partnership Agreement

An Australian law-governed agreement establishing terms and conditions for technology-related partnerships between organizations, covering IP rights, data protection, and operational procedures.

find out more

Startup Partnership Agreement

An Australian law-governed agreement establishing partnership terms between startup founders, covering ownership, management, and operational framework.

find out more

Software Partnership Agreement

An Australian-law agreement establishing a partnership for software development, distribution, or commercialization, covering technical, commercial, and legal aspects of the collaboration.

find out more

Software Partner Agreement

An Australian-law governed agreement establishing a business partnership between a software provider and their partner for software distribution or implementation services.

find out more

Sponsorship Partnership Agreement

An Australian law-governed agreement establishing sponsorship partnership terms, rights, and obligations between sponsor and recipient.

find out more

Simple 50 50 Partnership Agreement

An Australian-compliant agreement establishing a 50-50 partnership between two parties, defining equal rights, responsibilities, and profit sharing arrangements.

find out more

Simple Partnership Dissolution Agreement

An Australian law-governed agreement that formally dissolves a business partnership and sets out terms for winding up partnership affairs.

find out more

Simple Limited Partnership Agreement

An Australian legal agreement establishing a limited partnership structure with defined roles for general and limited partners, including capital contributions and management rights.

find out more

Revenue Share Partnership Agreement

An Australian-law governed agreement establishing terms for business partners to share revenue from joint business activities, including calculation methods and partnership obligations.

find out more

Restaurant Profit Sharing Agreement

An Australian-compliant agreement establishing profit-sharing arrangements between parties in a restaurant business, outlining financial distribution and operational responsibilities.

find out more

Real Estate Limited Partnership Agreement

An Australian-law governed agreement establishing a limited partnership structure for real estate investments, defining partner relationships and operational parameters.

find out more

Real Estate Joint Venture Agreement

An Australian law-governed agreement establishing a joint venture between parties for real estate investment, development, or management purposes.

find out more

Profit Sharing Ratio Partnership Agreement

An Australian law-governed agreement establishing partnership terms and profit-sharing arrangements between partners, including operational and financial frameworks.

find out more

Preliminary Partnership Agreement

An Australian-law governed agreement establishing preliminary terms and conditions between potential business partners while they evaluate a formal partnership arrangement.

find out more

Preferred Partnership Agreement

An Australian law-governed agreement establishing a preferred partnership arrangement between entities, defining preferential business terms and mutual obligations.

find out more

Pre Partnership Agreement

An Australian law-governed agreement that establishes terms and conditions for parties exploring a potential business partnership, protecting all parties during the preliminary phase.

find out more

Partnership Non Disclosure Agreement

An Australian-law governed Non-Disclosure Agreement for protecting confidential information in partnership arrangements.

find out more

Partnership Framework Agreement

An Australian law-governed agreement establishing the framework for business partnerships, including key terms, management structure, and partner obligations.

find out more

Partnership Contract Agreement

An Australian-law governed agreement establishing a formal partnership structure, defining partners' rights, responsibilities, and operational framework.

find out more

Partnership Buy In Agreement

An Australian law-governed agreement facilitating the admission of a new partner into an existing partnership, outlining buy-in terms, rights, and obligations.

find out more

Partner Exit Agreement

An Australian-compliant agreement governing a partner's exit from a partnership, including financial settlements, obligations, and post-exit arrangements.

find out more

Nonprofit Partnership Agreement

An Australian law-governed agreement establishing a formal partnership between nonprofit organizations, outlining collaboration terms and regulatory compliance requirements.

find out more

Non Equity Partner Agreement

An Australian legal agreement establishing the terms and conditions for non-equity partners in professional firms, defining their rights and responsibilities without equity ownership.

find out more

Memorandum Of Understanding Between Two Partners

An Australian law-compliant Memorandum of Understanding template for establishing partnership intentions between two parties while maintaining a non-binding nature.

find out more

Marketing Collaboration Agreement

An Australian-law governed agreement establishing terms for marketing collaboration between parties, including responsibilities, IP rights, and compliance requirements.

find out more

Limited Partnership Purchase Agreement

An Australian law-governed agreement for the purchase and transfer of limited partnership interests, including terms, conditions, and regulatory compliance requirements.

find out more

Lifetime Partnership Agreement

An Australian law-governed agreement establishing a permanent partnership arrangement, including comprehensive terms for long-term business operations and succession planning.

find out more

Letter Of Intent Joint Venture

An Australian law-governed preliminary agreement outlining the intended formation and key terms of a proposed joint venture between parties.

find out more

Letter Of Intent Strategic Partnership

An Australian-law governed preliminary document outlining the framework and intentions for a strategic partnership between parties, including key terms and confidentiality provisions.

find out more

Joint Partnership Agreement

An Australian-compliant agreement establishing a business partnership, defining partner rights, responsibilities, and operational framework.

find out more

Internal Agreement Between Partners

An Australian-law governed agreement establishing the rights, obligations, and operational framework between business partners.

find out more

Informal Partnership Agreement

An Australian law-compliant agreement establishing an informal partnership between two or more parties, outlining key partnership terms and operational framework.

find out more

Influencer Partnership Agreement

An Australian-law governed agreement establishing terms and conditions between a brand and social media influencer for commercial content creation and promotion.

find out more

Home Buying Partnership Agreement

An Australian agreement establishing terms and conditions for joint property ownership between multiple parties, governed by federal and state property laws.

find out more

Fundraising Partnership Agreement

An Australian law-governed agreement establishing terms and conditions for fundraising partnerships between organizations, ensuring regulatory compliance and defining operational parameters.

find out more

Fixed Share Partnership Agreement

An Australian law-governed agreement establishing the terms and conditions for a fixed share partnership arrangement in a professional services firm.

find out more

Founders Collaboration Agreement

An Australian legal agreement establishing the relationship, rights, and obligations between business founders, governed by Australian law.

find out more

Family Limited Partnership Agreement

An Australian-law governed agreement establishing a Family Limited Partnership structure for family business management and wealth preservation.

find out more

Family Business Partnership Agreement

An Australian legal agreement establishing the framework for family members to operate a business partnership, addressing ownership, management, succession, and family-specific considerations.

find out more

Exclusive Channel Partner Agreement

An Australian law-governed agreement establishing exclusive distribution rights between a principal and channel partner, including territory rights and performance requirements.

find out more

Event Partnership Agreement

An Australian-law governed agreement establishing partnership terms between parties collaborating to organize and execute an event, outlining roles, responsibilities, and operational requirements.

find out more

Equity Partnership Agreement

An Australian legal agreement establishing and governing the relationship between equity partners in a business partnership, including rights, obligations, and operational framework.

find out more

Equal Partnership Agreement

An Australian legal agreement establishing a business partnership with equal rights and responsibilities among all partners.

find out more

Entertainment Partnership Agreement

An Australian law-governed agreement establishing a partnership between parties for entertainment industry ventures, defining operational terms and industry-specific obligations.

find out more

Distribution Partnership Agreement

An Australian-law governed agreement establishing the terms and conditions between a supplier and distributor for product distribution rights and obligations.

find out more

Commission Partnership Agreement

An Australian legal agreement establishing a partnership where compensation is based on commission or performance metrics, compliant with local partnership laws.

find out more

Collaboration Agreement Between Two Companies

An Australian-law governed agreement establishing terms and conditions for formal collaboration between two companies, including operational framework and mutual obligations.

find out more

Co Branding Partnership Agreement

An Australian law-governed agreement establishing terms for two or more parties to collaborate and combine their brands for mutual marketing benefit.

find out more

Club Partnership Agreement

An Australian law-governed agreement establishing partnership arrangements for club operation and management, defining partner rights and responsibilities.

find out more

Channel Partner Agreement

An Australian-law governed agreement establishing the terms and conditions between a company and its channel partners for the distribution or resale of products/services.

find out more

Boat Partnership Agreement

An Australian-compliant agreement establishing shared boat ownership terms, rights, and responsibilities between multiple parties.

find out more

Brand Partnership Agreement

An Australian law-governed agreement establishing terms and conditions for brand collaboration between partnering entities.

find out more

Business Collaboration Contract

An Australian law-governed agreement establishing terms and conditions for business collaboration between multiple parties.

find out more

Business Co Ownership Agreement

An Australian-law governed agreement establishing the terms and conditions for joint ownership and operation of a business between multiple parties.

find out more

Business Agreement Between Two Companies

An Australian-law governed agreement establishing terms and conditions for business arrangements between two companies.

find out more

Artist Collaboration Agreement

An Australian-law governed agreement establishing terms for artistic collaboration, including IP rights, revenue sharing, and project management.

find out more

50 50 Profit Sharing Agreement

An Australian legal agreement establishing a 50-50 profit sharing arrangement between parties, including profit calculation, distribution mechanisms, and compliance with local regulations.

find out more

50 50 Partnership Agreement

An Australian legal agreement establishing a 50/50 partnership between two parties, defining equal rights, responsibilities, and business operations under Australian law.

find out more

60 40 Partnership Agreement

An Australian law-governed agreement establishing a partnership with 60/40 ownership split, defining operational terms and partner rights.

find out more

Event Partnership Contract

An Australian-law governed agreement establishing partnership terms between parties for event organization and execution, including operational, financial, and risk management provisions.

find out more

Silent Partnership Agreement

An Australian-law governed agreement establishing a silent partnership between active business operators and private investors, defining capital contributions, profit sharing, and confidentiality terms.

find out more

Profit Sharing Agreement Between Partners

An Australian legal agreement establishing profit distribution arrangements between business partners, compliant with Australian partnership and tax laws.

find out more

Business Partner Agreement Contract

An Australian-law governed agreement establishing and regulating business partnership terms, rights, and obligations between collaborating entities.

find out more

Corporation Partnership Agreement

An Australian legal agreement establishing a partnership between corporate entities, outlining their rights, obligations, and operational framework under Australian federal and state laws.

find out more

Business Percentage Agreement

An Australian-jurisdiction agreement establishing terms for percentage-based business arrangements between parties, including calculation methods and payment terms.

find out more

Generic Partnership Agreement

An Australian-law governed agreement establishing the terms and conditions of a business partnership, including partner rights, responsibilities, and operational framework.

find out more

Startup Business Partnership Agreement

An Australian-law governed agreement establishing the terms and conditions for partnership in a startup venture, including ownership, management, and operational provisions.

find out more

Strategic Partnership Contract

An Australian law-governed agreement establishing and regulating strategic partnerships between organizations, covering governance, resources, and risk allocation.

find out more

Limited Partnership Agreement Venture Capital

An Australian legal agreement establishing a venture capital limited partnership structure, defining relationships between General and Limited Partners while ensuring compliance with local VCLP regulations.

find out more

Memorandum Of Agreement Business Partnership

An Australian law-governed agreement that establishes a formal business partnership, defining key terms, responsibilities, and operational framework between partners.

find out more

Joint Business Partnership Agreement

An Australian law-governed agreement establishing a business partnership, defining partners' rights, obligations, and operational framework.

find out more

White Label Partnership Agreement

An Australian-law governed agreement enabling one party to rebrand and sell another party's products/services under their own brand name.

find out more

Capital Contribution Partnership Agreement

An Australian-compliant agreement governing capital contributions and relationships between business partners, aligned with state and federal partnership laws.

find out more

Accounting Partnership Agreement

An Australian legal agreement establishing and governing the relationship between accounting partners, ensuring compliance with local partnership laws and professional standards.

find out more

Equity Partner Contract

An Australian law-governed agreement establishing the terms and conditions for admission of an equity partner into a partnership structure, including financial, operational, and governance arrangements.

find out more

Partnership Interest Purchase Agreement

An Australian law-governed agreement facilitating the sale and transfer of partnership interests, including terms, conditions, and regulatory compliance requirements.

find out more

Film Production Partnership Agreement

An Australian-law governed agreement establishing partnership terms and conditions for film production ventures, including rights, obligations, and profit-sharing arrangements.

find out more

Three Way Partnership Agreement

An Australian law-governed agreement establishing a formal partnership between three parties, defining their rights, obligations, and operational framework.

find out more

Mutual Partnership Agreement

An Australian law-governed agreement establishing a formal partnership between multiple parties, defining their rights, responsibilities, and operational framework.

find out more

Investment Cooperation Agreement

An Australian-law governed agreement establishing terms and conditions for investment collaboration between parties, including capital contributions, profit sharing, and management rights.

find out more

Investment Club Partnership Agreement

An Australian-law governed agreement establishing an investment club partnership, defining member relationships, investment parameters, and operational procedures.

find out more

Partnership Settlement Agreement

An Australian law-governed agreement that formalizes partnership dissolution terms and conditions, including asset distribution and liability allocation.

find out more

Joint Venture Licensing Agreement

An Australian law agreement combining joint venture structuring with IP licensing arrangements, establishing terms for collaboration and technology usage rights.

find out more

Farming Partnership Agreement

An Australian-law governed agreement establishing a partnership between parties for farming operations, detailing operational, financial, and management arrangements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.