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Deed Of Partnership Between Two Partners
1. Parties: Identification and details of the two partners entering into the partnership
2. Background: Context and purpose for establishing the partnership
3. Definitions: Definitions of key terms used throughout the deed
4. Partnership Name and Business: Official name of the partnership and nature of business activities
5. Commencement and Term: Start date and duration of the partnership
6. Capital Contributions: Initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Agreement on how profits and losses will be distributed
8. Management and Decision Making: Partners' roles, responsibilities, and decision-making processes
9. Banking and Financial Matters: Banking arrangements and financial management procedures
10. Accounts and Records: Requirements for maintaining partnership accounts and records
11. Partner Drawings: Rules regarding partners' withdrawal of funds
12. Restrictions on Partners: Non-compete and other restrictive covenants
13. Termination: Circumstances and procedures for partnership termination
14. Death or Incapacity: Procedures in case of death or incapacity of a partner
15. Governing Law: Confirmation of Danish law as governing law
16. Dispute Resolution: Procedures for resolving partnership disputes
1. Intellectual Property Rights: Management of IP rights when the partnership involves intellectual property
2. Property and Assets: Specific provisions for partnership property ownership when significant assets are involved
3. Employee Management: Procedures for hiring and managing employees when the partnership intends to have employees
4. Insurance: Requirements for business insurance when specific risks need to be covered
5. Environmental Compliance: Environmental obligations for partnerships in industries with environmental impact
6. International Operations: Provisions for international business activities when operating across borders
7. Digital Assets and Online Presence: Management of website, social media, and other digital assets when relevant to the business
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives
3. Schedule 3 - Asset Register: List of partnership assets and their agreed values
4. Schedule 4 - Partner Responsibilities: Detailed allocation of specific duties and responsibilities
5. Schedule 5 - Accounting Policies: Agreed accounting principles and procedures
6. Appendix A - Bank Account Details: Partnership bank account information and signing authorities
7. Appendix B - Premises Details: Information about business premises and related agreements
Authors
Business
Business Day
Business Hours
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Current Account
Danish Partnership Act
Default Event
Dispute
Drawing Account
Financial Year
Force Majeure
Initial Capital
Intellectual Property Rights
Management Committee
Net Profit
Net Loss
Ordinary Resolution
Partner
Partnership
Partnership Assets
Partnership Name
Partnership Property
Profit Share
Registered Office
Resolution
Special Resolution
Territory
Transfer
Valuation Date
Working Capital
Partnership Formation
Capital Contributions
Profit and Loss Sharing
Management Rights
Decision Making
Banking Arrangements
Financial Records
Partner Duties
Non-Competition
Confidentiality
Intellectual Property
Partnership Property
Partner Drawings
Accounting and Audit
Tax Matters
Insurance
Indemnification
Death or Incapacity
Retirement
Termination
Dissolution
Dispute Resolution
Force Majeure
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Partnership Meetings
Business Operations
Capital Accounts
Partner Expenses
Good Faith
Third Party Rights
Compliance with Laws
Partnership Name and Branding
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