Partnership Agreement Template for Pakistan

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Partnership Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Partnership Agreement

"I need a Partnership Agreement for a law firm in Karachi with four senior partners and three junior partners, including specific provisions for profit-sharing ratios of 20% each for senior partners and 6.67% each for junior partners, to be effective from March 1, 2025."

Document background
The Partnership Agreement is a crucial legal document used in Pakistan when two or more parties wish to establish a formal business partnership. It is governed primarily by the Partnership Act 1932 and must comply with Pakistani contract law and business regulations. This document is essential for any business partnership as it clearly defines the rights, responsibilities, and obligations of all partners, including capital contributions, profit-sharing arrangements, management structure, and decision-making processes. The agreement helps prevent future disputes by establishing clear guidelines for partnership operations and provides mechanisms for conflict resolution. It's particularly important in the Pakistani business context where partnerships are a common business structure across various industries, from small family businesses to large professional services firms.
Suggested Sections

1. Parties: Identification and details of all partners entering into the agreement

2. Background: Context of the partnership formation and brief description of the business purpose

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Name and Business: Official name of the partnership and nature of business activities

5. Commencement and Term: Start date and duration of the partnership

6. Capital Contributions: Initial and ongoing capital contributions from each partner

7. Profit and Loss Sharing: Division of profits and losses among partners

8. Management and Decision Making: Partnership management structure and voting rights

9. Banking and Financial Matters: Banking arrangements and financial management procedures

10. Partners' Duties and Obligations: Rights, responsibilities, and obligations of all partners

11. Meetings and Records: Requirements for partnership meetings and maintenance of records

12. Restrictions on Partners: Non-compete and other restrictive covenants

13. Addition and Retirement of Partners: Procedures for admitting new partners and handling partner retirement

14. Death and Incapacity: Procedures in case of death or incapacity of a partner

15. Termination and Dissolution: Grounds and procedures for partnership termination

16. Dispute Resolution: Mechanisms for resolving disputes between partners

17. Governing Law: Specification of Pakistani law as governing law and jurisdiction

Optional Sections

1. Intellectual Property Rights: Ownership and management of IP rights when the partnership deals with intellectual property

2. International Operations: Additional provisions for partnerships operating across international borders

3. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles if required

4. Employee Management: Procedures for hiring and managing employees if the partnership will have employees

5. Environmental Compliance: Environmental obligations for partnerships in industries with environmental impact

6. Technology and Data Protection: Provisions for partnerships handling sensitive data or technology

7. Insurance Requirements: Specific insurance obligations beyond standard coverage

8. Special Industry Compliance: Additional compliance requirements for regulated industries

Suggested Schedules

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

2. Schedule 2 - Profit Sharing Ratios: Detailed profit and loss sharing arrangements including any variations

3. Schedule 3 - Business Plan: Initial business plan and strategic objectives of the partnership

4. Schedule 4 - Partnership Assets: List of all assets contributed to or owned by the partnership

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

6. Schedule 6 - Authorized Signatories: List of partners authorized to sign various documents and their signing powers

7. Appendix A - Partnership Policies: Key operational policies and procedures

8. Appendix B - Compliance Checklist: Checklist of regulatory compliance requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Professional Services

Retail

Manufacturing

Technology

Real Estate

Construction

Healthcare

Agriculture

Education

Consulting

Trading

Hospitality

Financial Services

Media and Entertainment

Transportation and Logistics

Relevant Teams

Legal

Finance

Compliance

Corporate Governance

Tax

Risk Management

Business Development

Operations

Strategy

Administration

Relevant Roles

Business Owner

Managing Partner

Legal Counsel

Corporate Lawyer

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Company Secretary

Tax Consultant

Risk Manager

Compliance Officer

Business Consultant

Partnership Manager

Operations Director

Strategic Planning Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Land Ownership Agreement

A legal agreement under Pakistani law for transferring land ownership between parties, including property details and transaction terms.

find out more

Software Ownership Agreement

A legal agreement under Pakistani law that transfers complete ownership rights of software and related intellectual property from one party to another.

find out more

Company Ownership Contract

A legally binding agreement under Pakistani law that documents the transfer of company ownership, including terms, conditions, and regulatory compliance requirements.

find out more

Company Ownership Agreement

A Pakistani law-governed agreement that establishes company ownership structure, shareholder rights, and governance framework.

find out more

Brand Ownership Agreement

A Pakistani law-governed agreement establishing brand ownership rights, protection mechanisms, and usage terms under local intellectual property and contract law.

find out more

Artwork Ownership Agreement

A Pakistani law-governed agreement for transferring artwork ownership, ensuring legal compliance while protecting both parties' interests in art transactions.

find out more

Home Co Ownership Agreement

A comprehensive agreement governing residential property co-ownership arrangements in Pakistan, aligned with local property laws and Islamic legal principles.

find out more

Land Co Ownership Agreement

A Pakistani law-governed agreement establishing terms and conditions for multiple parties co-owning land or property, defining shares, rights, and obligations.

find out more

Property Ownership Agreement

A legally binding agreement under Pakistani law that documents and executes the transfer of property ownership between parties, ensuring compliance with local property laws and registration requirements.

find out more

Partnership Agreement

A legally binding agreement under Pakistani law that establishes and governs the terms and conditions of a business partnership between two or more parties.

find out more

Fractional Ownership Agreement

A Pakistani law-governed agreement establishing shared ownership rights and responsibilities among multiple parties for joint asset ownership.

find out more

Operating Partnership Agreement

A legal agreement under Pakistani law that establishes and governs the terms and conditions of a business partnership between two or more partners.

find out more

Co Ownership Business Agreement

A legal agreement under Pakistani law establishing the terms and conditions for joint ownership and operation of a business between multiple parties.

find out more

Beneficial Owner Agreement

A Pakistani law-governed agreement establishing the relationship between legal and beneficial owners of assets, ensuring regulatory compliance and defining parties' rights and obligations.

find out more

Property Sharing Agreement

A Pakistani law-governed agreement establishing property sharing arrangements between multiple parties, detailing ownership rights, responsibilities, and management terms.

find out more

Partnership Investment Agreement

A legal agreement under Pakistani law establishing terms for partnership investment, including capital contributions, profit-sharing, and management rights.

find out more

Company Partnership Agreement

A legal agreement under Pakistani law establishing a formal business partnership, detailing partner rights, obligations, and operational framework.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.