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Partnership Agreement Between 3 Parties
"I need a Partnership Agreement Between 3 Parties for a new technology consulting business starting in March 2025, where two partners will contribute equal capital and the third partner will contribute expertise and industry connections, with specific provisions for profit sharing and intellectual property rights."
1. Parties: Details of all three partners and their contact information
2. Background: Context and purpose of the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Business: Nature and scope of the partnership business
5. Capital Contributions: Initial and ongoing capital contributions of each partner
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management and Decision Making: Partner roles, responsibilities, and voting rights
8. Duration and Termination: Term of partnership and circumstances for termination
1. Non-Competition: Restrictions on competing activities when partners may have competing interests
2. Intellectual Property: Ownership and use of IP rights when IP is material to the business
3. International Operations: Provisions for cross-border activities when operating internationally
4. Insurance: Required insurance coverage for high-risk businesses
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial investment
2. Schedule 2: Business Plan: Initial business plan and financial projections
3. Schedule 3: Partner Details: Detailed information about each partner
4. Schedule 4: Assets Register: List of partnership assets and their ownership
5. Appendix A: Banking Arrangements: Details of partnership bank accounts and signing authorities
Authors
Business
Business Day
Business Hours
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Current Account
Default Event
Defaulting Partner
Drawing Account
Financial Year
Initial Capital Contribution
Intellectual Property Rights
Management Committee
Partner
Partnership
Partnership Assets
Partnership Bank Account
Partnership Capital
Partnership Interest
Partnership Property
Partnership Share
Profit and Loss Account
Profits
Quarter
Regulatory Requirements
Reserved Matters
Senior Partner
Territory
Transfer
Valuation Date
Working Capital
Profit and Loss Sharing
Management and Control
Decision Making
Partner Duties and Obligations
Banking Arrangements
Accounting and Financial Records
Business Name and Place of Business
Admission of New Partners
Retirement of Partners
Death of Partner
Expulsion of Partner
Termination
Dissolution
Non-Competition
Confidentiality
Intellectual Property
Dispute Resolution
Force Majeure
Notices
Amendment and Modification
Governing Law
Jurisdiction
Assignment
Severability
Entire Agreement
Insurance
Partner Meetings
Voting Rights
Business Assets
Working Capital
Holiday and Absence
Good Faith
Further Assurance
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