Company Partnership Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Company Partnership Agreement

"I need a Company Partnership Agreement for a technology joint venture between a Hong Kong software company and a mainland Chinese AI firm, with strong IP protection clauses and clear provisions for technology sharing, to be effective from March 2025."

Document background
The Company Partnership Agreement is a crucial legal document used when two or more companies wish to enter into a formal business partnership in Hong Kong. This agreement is essential for businesses looking to combine resources, expertise, or market presence while maintaining their separate legal identities. The document is structured to comply with Hong Kong's Partnership Ordinance (Cap. 38) and Companies Ordinance (Cap. 622), incorporating necessary provisions for corporate governance, financial arrangements, and operational management. It serves as the foundation for the partnership's operations, outlining everything from capital contributions and profit sharing to management structure and dispute resolution mechanisms. The agreement is particularly important in Hong Kong's business environment, where clear documentation of corporate relationships is essential for regulatory compliance and risk management.
Suggested Sections

1. Parties: Identification of all partners/parties entering into the agreement, including full legal names and registered addresses

2. Background: Context of the partnership formation, business purpose, and any relevant historical information

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Structure: Legal structure, nature of partnership, and relationship between partners

5. Capital Contributions: Details of initial and ongoing capital contributions from each partner

6. Profit and Loss Sharing: Framework for distribution of profits and allocation of losses

7. Management and Decision Making: Management structure, voting rights, and decision-making processes

8. Partners' Duties and Obligations: Specific responsibilities, commitments, and expectations of each partner

9. Business Operations: Day-to-day operational procedures, business policies, and partner involvement

10. Financial Management: Banking arrangements, accounting practices, and financial reporting requirements

11. Transfer of Partnership Interests: Rules regarding transfer of ownership interests and admission of new partners

12. Term and Termination: Duration of partnership and circumstances for termination

13. Dispute Resolution: Procedures for resolving disputes between partners

14. Governing Law: Specification of Hong Kong law as governing law and jurisdiction

Optional Sections

1. Non-Competition and Confidentiality: Restrictions on competitive activities and protection of confidential information, used when partners have other business interests

2. Intellectual Property Rights: Ownership and use of IP, included when the partnership involves significant IP assets

3. Insurance: Requirements for business insurance coverage, important for high-risk businesses

4. Employee Management: Policies regarding hiring, management of employees, included when the partnership will have employees

5. Partnership Representative: Appointment and powers of partnership representative, useful for larger partnerships

6. International Operations: Provisions for international business activities, included when operating across borders

7. Digital Assets and Data Protection: Management of digital assets and data protection obligations, relevant for tech-focused partnerships

Suggested Schedules

1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions

2. Schedule 2 - Profit Sharing Ratios: Specific percentages or formulas for profit and loss allocation

3. Schedule 3 - Business Plan: Initial business plan and strategic objectives

4. Schedule 4 - Partner Information: Detailed information about each partner, including contact details and representatives

5. Schedule 5 - Approved Budget: Initial approved budget and financial projections

6. Schedule 6 - Management Structure: Detailed organizational chart and management responsibilities

7. Appendix A - Signing Authorities: List of authorized signatories and their respective powers

8. Appendix B - Company Policies: Key operational policies and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Technology

Manufacturing

Professional Services

Financial Services

Real Estate

Retail

Healthcare

Construction

Media and Entertainment

Logistics and Transportation

Energy

Telecommunications

Relevant Teams

Legal

Finance

Corporate Strategy

Operations

Risk and Compliance

Business Development

Corporate Governance

Executive Leadership

Company Secretariat

Corporate Affairs

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Managing Director

Corporate Lawyer

Legal Counsel

Company Secretary

Finance Director

Business Development Director

Partnership Manager

Risk Manager

Compliance Officer

Board Member

Corporate Strategy Director

Operations Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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