Business Ownership Contract Template for Hong Kong

1. Intellectual Property Rights: Section detailing IP ownership and licensing arrangements, required when the business owns significant IP assets

2. Employee Matters: Provisions regarding key employees and management teams, needed when ownership affects employment arrangements

3. Non-Competition: Restrictions on competitive activities, important for businesses in competitive industries

4. Tag-Along and Drag-Along Rights: Special provisions for share sales, typically included for companies with multiple shareholders

5. Deadlock Resolution: Specific procedures for resolving management deadlocks, crucial for 50/50 ownership structures

6. Pre-emptive Rights: Rights of first refusal for existing owners, important for closely-held businesses

7. Special Voting Rights: Provisions for special voting arrangements or veto rights, needed for minority shareholder protection

8. Business Succession Planning: Procedures for ownership succession, important for family businesses or long-term planning

1. Schedule 1 - Company Information: Detailed company information including registration details, registered address, and business registration

2. Schedule 2 - Ownership Structure: Detailed breakdown of ownership percentages, share classes, and voting rights

3. Schedule 3 - Initial Capital Contributions: Details of initial investments and capital contributions by each owner

4. Schedule 4 - Reserved Matters: List of decisions requiring special approval or unanimous consent

5. Schedule 5 - Valuation Methodology: Agreed methods for business valuation in case of transfers or exits

6. Appendix A - Business Plan: Initial business plan and strategic objectives

7. Appendix B - Financial Projections: Financial forecasts and budgets

8. Appendix C - Key Contracts: List of material contracts and agreements affecting the business