Managing Partner Contract Template for Netherlands

The Managing Partner Contract serves as a crucial legal document in Dutch business practice, establishing the framework for senior leadership within partnerships and companies. This agreement is typically used when appointing a partner to a primary management role, combining both partnership rights and executive responsibilities. The document addresses key aspects required under Dutch law, including corporate governance requirements, partnership rights, management duties, and financial arrangements. A Managing Partner Contract is essential for professional services firms, particularly those structured as partnerships, and provides clarity on decision-making authority, profit sharing, and exit provisions. The agreement must comply with various Dutch legal requirements, including the Civil Code (Burgerlijk Wetboek) and Corporate Governance Code, while maintaining flexibility for specific business needs and partnership arrangements.

1. Parties: Identification of the partnership/company and the managing partner

2. Background: Context of the appointment and brief description of the business

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Official appointment as managing partner, term duration, and renewal provisions

5. Role and Responsibilities: Detailed description of management duties, authority levels, and specific responsibilities

6. Partnership Rights: Rights as a partner including voting rights, profit sharing, and capital interests

7. Time Commitment: Expected time dedication and provisions regarding other business activities

8. Remuneration and Benefits: Base compensation, profit share, bonuses, and benefits package

9. Capital Contribution: Required capital investment and terms of contribution

10. Decision Making Authority: Scope of individual authority and matters requiring partner/board approval

11. Confidentiality: Protection of business information and trade secrets

12. Non-Competition and Non-Solicitation: Restrictions during and after the partnership

13. Intellectual Property: Ownership and rights regarding IP created during the partnership

14. Insurance and Indemnification: Professional liability coverage and indemnification provisions

15. Termination: Grounds for termination and process

16. Exit Provisions: Procedure for partner exit, including valuation and payout terms

17. Dispute Resolution: Process for resolving disagreements

18. Governing Law: Application of Dutch law and jurisdiction