Partnership Agreement Proposal Template for Hong Kong

1. Non-Competition and Non-Solicitation: Restrictions on partners competing with the partnership or soliciting clients/employees (include if partners may have competing interests)

2. Intellectual Property Rights: Ownership and use of intellectual property (include if IP is significant to the business)

3. Insurance: Requirements for partnership insurance coverage (include if specific insurance needs exist)

4. Good Faith and Fair Dealing: Express obligations of good faith (include for enhanced partner protection)

5. Force Majeure: Provisions for unforeseen circumstances (include if business is susceptible to external disruptions)

6. Alternative Dispute Resolution: Mediation or arbitration procedures (include if partners prefer alternatives to litigation)

7. Assignment and Transfer: Rules for transferring partnership interests (include if transfer rights are important)

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

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

3. Schedule 3 - Management Duties: Detailed allocation of management responsibilities among partners

4. Schedule 4 - Business Plan: Initial business plan and strategic objectives

5. Schedule 5 - Partnership Property: List of partnership assets and property

6. Appendix A - Signing Authorities: Details of partners' signing authorities for various transactions

7. Appendix B - Accounting Policies: Specific accounting policies and procedures to be followed