LLC Business PartnershIP Agreement Template for New Zealand

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

2. Insurance Requirements: Specific insurance obligations for partners and the business, important for high-risk industries

3. Intellectual Property Rights: Ownership and management of IP, needed when the business creates or uses significant IP

4. Death or Incapacity: Detailed procedures for handling a partner's death or incapacity, important for family businesses or specialized partnerships

5. International Operations: Provisions for international business activities, needed if operating across borders

6. Employee Management: Framework for hiring and managing employees, important for larger partnerships

7. Environmental Compliance: Environmental obligations and commitments, necessary for businesses with environmental impact

1. Schedule 1: Capital Contributions: Detailed listing of each partner's initial and subsequent capital contributions

2. Schedule 2: Ownership Structure: Detailed breakdown of ownership percentages and classes of interests

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

4. Schedule 4: Management Structure: Organizational chart and detailed management responsibilities

5. Schedule 5: Relevant Assets: List of partnership assets including property, equipment, and intellectual property

6. Appendix A: Valuation Method: Agreed methodology for valuing partnership interests

7. Appendix B: Financial Procedures: Detailed financial and accounting procedures

8. Appendix C: Required Resolutions: Template resolutions for common partnership decisions