Boilerplate Partnership Agreement Template for India

1. Non-Compete and Confidentiality: Restrictions on competing businesses and handling of confidential information - used when intellectual property or trade secrets are significant

2. Intellectual Property Rights: Ownership and usage of intellectual property - included when the partnership involves creation or use of IP

3. Insurance: Required insurance coverage - important for high-risk businesses or regulated industries

4. Employee Management: Procedures for hiring and managing employees - needed for partnerships planning to have employees

5. Good Faith and Fair Dealing: Additional ethical obligations - useful for complex partnerships or regulated industries

6. Alternative Dispute Resolution: Mediation or arbitration procedures - recommended for larger partnerships or when partners prefer alternative dispute resolution

7. Force Majeure: Provisions for unforeseen circumstances - important in certain industries or locations prone to disruptions

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

2. Schedule B - Profit Sharing Ratio: Detailed profit and loss sharing arrangements including any special allocations

3. Schedule C - Partnership Assets: List of assets contributed to or owned by the partnership

4. Schedule D - Business Plan: Initial business plan and strategic objectives of the partnership

5. Schedule E - Management Responsibilities: Detailed allocation of management duties and responsibilities

6. Appendix 1 - Partner Details: Comprehensive information about each partner including contact details and qualifications

7. Appendix 2 - Operating Procedures: Detailed day-to-day operational procedures and policies