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Equal Partnership Agreement
"I need an Equal Partnership Agreement for a new technology consulting firm in Singapore with three partners, where we'll each contribute SGD 50,000 initially and want to include specific provisions about intellectual property rights and client confidentiality."
1. Parties: Identification and details of all partners entering the agreement
2. Background: Context and purpose of forming the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Equal ownership stakes and voting rights
5. Capital Contributions: Initial and ongoing capital requirements
6. Profit and Loss Sharing: Equal distribution mechanisms
7. Management Rights: Decision-making processes and authority
8. Duration: Term of partnership and renewal provisions
1. Non-Compete: Restrictions on competing activities (when partners have other business interests)
2. Intellectual Property: IP ownership and usage rights (when partnership involves creation or use of IP)
3. Insurance: Required insurance coverage (for high-risk businesses or regulatory requirements)
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial investment
2. Schedule 2: Business Plan: Initial business objectives and strategies
3. Schedule 3: Partner Details: Personal and contact information for all partners
4. Appendix A: Bank Account Details: Partnership banking arrangements
Authors
Business
Business Day
Business Hours
Business Name
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Defaulting Partner
Distribution
Drawing Account
Effective Date
Financial Year
Initial Capital Contribution
Intellectual Property Rights
Management Committee
Net Income
Operating Account
Partner
Partnership
Partnership Assets
Partnership Interest
Partnership Property
Profit and Loss
Reserved Matters
Singapore Dollar
SGD
Term
Territory
Transfer
Unanimous Consent
Working Capital
Formation of Partnership
Nature of Business
Term and Duration
Capital Contributions
Partnership Accounts
Profit and Loss Distribution
Management and Control
Partner Duties and Obligations
Decision Making
Meetings
Banking and Finance
Accounting and Records
Admission of New Partners
Retirement of Partners
Death of Partner
Expulsion of Partner
Transfer of Partnership Interest
Non-Competition
Confidentiality
Intellectual Property
Insurance
Indemnification
Dispute Resolution
Termination
Dissolution
Force Majeure
Notices
Governing Law
Severability
Entire Agreement
Amendment
Assignment
Third Party Rights
Costs
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