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Pre Partnership Agreement
"I need a Pre Partnership Agreement for establishing a manufacturing business in Karachi between my family-owned company and a local investor, with an expected partnership formation date of March 2025 and initial capital of PKR 50 million."
1. Parties: Identification and details of all prospective partners, whether individuals or entities
2. Background: Context of the proposed partnership, including the business purpose and intention to form a partnership
3. Definitions: Key terms used throughout the agreement
4. Purpose and Scope: Detailed description of the intended business and scope of the proposed partnership
5. Conditions Precedent: Conditions that must be satisfied before the partnership can be formed
6. Timeline: Expected timeline for satisfying conditions and forming the partnership
7. Due Diligence: Process and requirements for conducting due diligence
8. Capital Contributions: Proposed capital contributions and their nature (cash, assets, or services)
9. Confidentiality: Obligations regarding confidential information shared during the pre-partnership phase
10. Exclusivity: Commitment not to negotiate with other potential partners during this period
11. Costs and Expenses: Allocation of costs incurred during the pre-partnership phase
12. Termination: Circumstances under which the pre-partnership agreement can be terminated
13. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
14. Execution: Signature blocks and execution formalities
1. Intellectual Property: Required when any party is bringing IP assets to the partnership or new IP will be developed during the pre-partnership phase
2. Non-Competition: Include when parties want to restrict other business activities during the pre-partnership phase
3. Regulatory Approvals: Required when the partnership formation requires specific regulatory or governmental approvals
4. Property and Assets: Include when specific properties or assets are to be transferred to the partnership
5. Third Party Consents: Required when existing contracts or obligations require third party consents for the partnership
6. Employee Matters: Include when the partnership will involve transfer or hiring of employees
7. Islamic Finance Compliance: Required when the partnership needs to comply with Islamic financing principles
1. Schedule 1 - Business Plan: Detailed business plan for the proposed partnership
2. Schedule 2 - Capital Contributions: Detailed breakdown of proposed capital contributions including valuations
3. Schedule 3 - Due Diligence Requirements: Checklist and requirements for due diligence process
4. Schedule 4 - Timeline and Milestones: Detailed timeline for partnership formation and key milestones
5. Schedule 5 - Draft Partnership Deed: Proposed terms of the final partnership agreement
6. Schedule 6 - Assets and Properties: List and description of assets to be contributed to the partnership
7. Appendix A - Required Regulatory Filings: List of necessary regulatory filings and registrations
8. Appendix B - Required Consents: List of required third-party and regulatory consents
Authors
Business
Business Day
Business Plan
Capital Contribution
Commencement Date
Conditions Precedent
Confidential Information
Due Diligence Period
Effective Date
Encumbrance
Formation Date
Intellectual Property Rights
Long Stop Date
Material Adverse Change
Partnership
Partnership Assets
Partnership Deed
Parties
Proposed Partners
Regulatory Approvals
Relevant Authority
Target Business
Territory
Third Party Consents
Working Capital
Initial Capital
Completion
Conditions
Due Diligence Information
Good Faith
Liabilities
Partners
Permitted Purpose
Pre-Partnership Period
Profit Share
Related Party
Representatives
Termination Event
Valuation
Conditions Precedent
Due Diligence
Capital Contributions
Business Plan
Confidentiality
Exclusivity
Non-Competition
Good Faith
Representations and Warranties
Regulatory Compliance
Asset Transfer
Intellectual Property
Costs and Expenses
Tax Matters
Decision Making
Timeline and Milestones
Information Rights
Third Party Rights
Force Majeure
Termination
Consequences of Termination
Notices
Assignment
Amendments
Severability
Entire Agreement
Dispute Resolution
Governing Law
Jurisdiction
Professional Services
Manufacturing
Retail
Technology
Real Estate
Agriculture
Healthcare
Education
Construction
Financial Services
Hospitality
Trading
Consulting
Textile Industry
Mining and Resources
Legal
Finance
Corporate Development
Business Development
Operations
Compliance
Risk Management
Investment
Strategy
Corporate Affairs
Commercial
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Investment Manager
Corporate Lawyer
Finance Director
Operations Manager
Company Secretary
Risk Manager
Compliance Officer
Partnership Manager
Business Consultant
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