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Pre Partnership Agreement
"I need a Pre Partnership Agreement for a proposed tech startup partnership between my software development company and a data analytics firm, with strong IP protection clauses and a 6-month due diligence period starting March 2025."
1. Parties: Identification and details of all potential partners, including full legal names and addresses
2. Background: Context of the proposed partnership and the purpose of entering into this pre-partnership arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Duration and Purpose: Timeline for the pre-partnership period and its intended objectives
5. Due Diligence: Framework for conducting due diligence investigations and information sharing
6. Confidentiality: Obligations regarding confidential information shared during the pre-partnership period
7. Exclusivity: Terms preventing parties from negotiating similar arrangements with others during this period
8. Proposed Partnership Structure: Outline of the intended partnership structure, roles, and responsibilities
9. Conditions Precedent: Conditions that must be satisfied before proceeding to formal partnership
10. Costs and Expenses: Allocation of costs during the pre-partnership period
11. Termination: Circumstances and process for terminating the pre-partnership agreement
12. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction details
13. General Provisions: Standard boilerplate clauses including notices, entire agreement, and amendments
1. Initial Capital Contributions: Preliminary agreement on planned capital contributions - used when parties want to pre-agree financial commitments
2. Intellectual Property: Provisions regarding IP rights during pre-partnership period - important when IP is involved in business
3. Non-Competition: Restrictions on competitive activities - relevant when parties are competitors or in sensitive industries
4. Break Fee: Compensation payable if one party withdraws - useful for high-value or complex arrangements
5. Regulatory Approvals: Process for obtaining necessary regulatory approvals - needed for regulated industries
6. Employee Matters: Preliminary agreements on staff transfers or employment terms - relevant when existing businesses are involved
7. Tax Planning: Preliminary tax considerations and structure - important for complex or international arrangements
1. Schedule 1 - Due Diligence Requirements: Detailed list of required due diligence items and documentation
2. Schedule 2 - Timeline and Key Milestones: Detailed timeline for pre-partnership activities and target dates
3. Schedule 3 - Proposed Business Plan: Initial business plan and strategic objectives for the partnership
4. Schedule 4 - Required Consents and Approvals: List of necessary third-party consents and regulatory approvals
5. Schedule 5 - Proposed Partnership Agreement Terms: Key terms to be included in the final partnership agreement
6. Appendix A - Confidentiality Terms: Detailed confidentiality obligations and procedures
7. Appendix B - Due Diligence Questionnaire: Standard form questionnaire for information gathering
Authors
Business Day
Business Plan
Commencement Date
Conditions Precedent
Confidential Information
Due Diligence Period
Due Diligence Requirements
Effective Date
Exclusivity Period
Final Partnership Agreement
Intellectual Property Rights
Key Milestones
Material Adverse Change
Negotiation Period
Parties
Partnership Business
Proposed Partnership
Related Persons
Representatives
Termination Date
Transaction Documents
Proposed Capital Contribution
Completion
Completion Date
Encumbrance
Group
Hong Kong
Long Stop Date
Permitted Recipients
Proposed Partners
Working Hours
Duration
Exclusivity
Confidentiality
Due Diligence
Information Sharing
Non-Disclosure
Non-Competition
Cost Allocation
Proposed Structure
Conditions Precedent
Regulatory Compliance
Representations and Warranties
Intellectual Property
Break Fee
Termination
Force Majeure
Assignment
Notices
Entire Agreement
Variation
Waiver
Severability
Third Party Rights
Counterparts
Governing Law
Dispute Resolution
Professional Services
Technology
Manufacturing
Retail
Real Estate
Financial Services
Healthcare
Construction
Consulting
Education
Hospitality
Media and Entertainment
Legal
Corporate Development
Finance
Business Development
Risk and Compliance
Strategy
Operations
Commercial
Executive Leadership
Company Secretarial
Chief Executive Officer
Managing Director
Business Development Manager
Legal Counsel
Chief Financial Officer
Partnership Manager
Commercial Director
Corporate Lawyer
Business Owner
Entrepreneur
Investment Manager
Operations Director
Risk Manager
Company Secretary
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