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Temporary Partnership Agreement
"Need a Temporary Partnership Agreement for a 6-month construction project starting March 2025, between my construction company and two specialist contractors, with equal profit sharing and joint management responsibilities."
1. Parties: Details of all partners entering the temporary partnership
2. Background: Context and purpose of the temporary partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Term: Duration of the temporary partnership and conditions for extension
5. Capital Contributions: Initial and ongoing capital requirements from partners
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management Rights: Decision-making processes and partner authorities
8. Dissolution: Terms for partnership termination and wind-up
1. Intellectual Property Rights: Section covering IP ownership and licensing terms - include when IP is relevant to partnership activities
2. Non-Competition: Section covering restrictions on competing activities - include when partners need to be restricted from competing
3. Insurance: Section covering required insurance coverage - include when specific insurance requirements exist
4. International Operations: Section covering cross-border activities provisions - include when partnership operates internationally
1. Schedule 1: Capital Contributions: Detailed breakdown of partner contributions
2. Schedule 2: Business Plan: Partnership objectives and operational strategy
3. Schedule 3: Asset Register: List of partnership assets and their ownership
4. Appendix A: Partner Contact Details: Contact information for all partners
Authors
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Dissolution Date
Distributable Profits
Financial Year
Initial Capital
Intellectual Property Rights
Management Committee
Partnership
Partnership Assets
Partnership Business
Partnership Period
Partners
Partnership Accounts
Project
Profit Share
Reserved Matters
Services
Term
Termination Date
Territory
Working Capital
Capital Contributions
Profit and Loss Sharing
Management and Control
Partner Duties and Obligations
Decision Making
Banking and Financial Matters
Accounting and Records
Reserved Matters
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Partner Withdrawal
Default Events
Termination
Dissolution
Distribution of Assets
Notices
Force Majeure
Assignment and Transfer
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Third Party Rights
Partnership Property
Insurance
Partnership Name and Business
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