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Informal Partnership Agreement
"I need an Informal Partnership Agreement for a consulting business between three partners in Zurich, with a 40-30-30 profit split and provisions for remote working arrangements, starting March 2025."
1. Parties: Identification and details of all partners entering the informal partnership
2. Background: Context of the partnership formation and the general intention of the parties
3. Definitions: Key terms used throughout the agreement
4. Partnership Purpose and Scope: Clear statement of the partnership's business purpose and activities
5. Capital Contributions: Initial and ongoing contributions of each partner (monetary and non-monetary)
6. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners
7. Management and Decision Making: Day-to-day management responsibilities and voting rights for important decisions
8. Banking and Financial Matters: Management of partnership finances, bank accounts, and accounting procedures
9. Duration: Term of the partnership and conditions for renewal
10. Termination: Circumstances and procedures for ending the partnership
11. Governing Law: Confirmation of Swiss law application and jurisdiction
1. Non-Competition: Restrictions on partners engaging in competing businesses - include when partners have other business interests
2. Intellectual Property: Ownership and use of IP created during the partnership - include when IP creation is expected
3. Insurance: Required insurance coverage - include for high-risk activities or significant assets
4. Dispute Resolution: Mediation or arbitration procedures - include for complex partnerships or when partners prefer alternative dispute resolution
5. Assignment and Transfer: Rules for transferring partnership interests - include when partners might want to sell their stake
6. Force Majeure: Provisions for unforeseen circumstances - include for long-term or high-risk partnerships
7. Confidentiality: Protection of partnership secrets - include when dealing with sensitive information
1. Schedule A - Capital Contributions: Detailed list of initial contributions from each partner
2. Schedule B - Profit Sharing Ratios: Specific percentages or formulas for profit/loss distribution
3. Schedule C - Partner Duties: Detailed description of each partner's roles and responsibilities
4. Appendix 1 - Business Plan: Initial business plan or strategy document
5. Appendix 2 - Partnership Assets: Inventory of partnership assets and their agreed values
Authors
Partnership
Partners
Business
Partnership Property
Capital Contribution
Profit
Loss
Financial Year
Management Committee
Partner's Interest
Intellectual Property Rights
Confidential Information
Business Day
Material Breach
Force Majeure Event
Territory
Effective Date
Initial Term
Partnership Account
Ordinary Resolution
Special Resolution
Partnership Formation
Duration and Term
Partner Contributions
Partnership Purpose
Management and Decision Making
Capital and Finances
Profit and Loss Distribution
Banking Arrangements
Partner Duties and Obligations
Meetings
Accounting and Records
Intellectual Property
Confidentiality
Non-Competition
Partner Admission
Partner Withdrawal
Death or Incapacity
Transfer of Interest
Termination
Dissolution and Liquidation
Force Majeure
Dispute Resolution
Notices
Governing Law
Amendments
Entire Agreement
Professional Services
Consulting
Creative Industries
Retail
Food & Beverage
Technology
Real Estate
Construction
Agriculture
Entertainment
Education
Healthcare Services
Legal
Business Development
Operations
Finance
Compliance
Corporate Development
Strategy
Commercial
Partnership Management
Business Owner
Entrepreneur
Freelance Professional
Consultant
Legal Counsel
Business Development Manager
Project Manager
Partnership Manager
Operations Manager
Financial Controller
Small Business Advisor
Professional Services Provider
Start-up Founder
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