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LLC Business Partnership Agreement
"Need an LLC Business Partnership Agreement for a new technology consulting firm in Singapore with tHRee founding partners, where two partners will contribute capital and one partner will contribute intellectual property, with plans to start operations in March 2025."
1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context and purpose of the partnership, including business objectives
3. Definitions: Key terms and their meanings used tHRoughout the agreement
4. Partnership Structure: Legal form, ownership percentages, and capital contributions of the partnership
5. Management and Decision Making: Governance structure, voting rights, and management procedures
6. Capital and Profits: Financial arrangements, capital contributions, and profit distribution mechanisms
7. Partners' Duties and Obligations: Responsibilities, commitments, and obligations of all partners
8. Term and Termination: Duration of partnership and conditions for termination or dissolution
9. Dispute Resolution: Process and procedures for resolving conflicts between partners
1. Non-Compete Provisions: Restrictions on competitive activities and protection of business interests
2. Intellectual Property Rights: Ownership, use, and protection of intellectual property assets
3. Insurance Requirements: Required insurance coverage and liability protection measures
4. International Operations: Provisions governing cross-border business activities and compliance
1. Schedule 1: Capital Contributions: Detailed breakdown of initial and subsequent capital contributions by partners
2. Schedule 2: Business Plan: Initial business plan, strategy, and operational framework
3. Schedule 3: Partner Information: Detailed information and documentation about each partner
4. Schedule 4: Company Assets: Comprehensive list of partnership assets and their ownership details
5. Appendix A: Profit Sharing Formula: Detailed calculation method and terms for profit distribution among partners
Authors
Business
Business Day
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Defaulting Partner
Distributable Profits
Effective Date
Financial Year
Initial Capital Contribution
Intellectual Property Rights
LLC
Managing Partner
Material Breach
Partnership
Partnership Interest
Partners
Partnership Property
Profit and Loss
Regulatory Requirements
Reserved Matters
SGD
Singapore
Taxes
Term
Territory
Transfer
Voting Rights
Winding Up
Formation of Partnership
Business Purpose
Term and Duration
Capital Contributions
Additional Capital
Ownership Interests
Profit and Loss Distribution
Management and Control
Voting Rights
Partner Duties
Reserved Matters
Banking and Finance
Records and Accounts
Meetings
Transfer Restrictions
Admission of New Partners
Withdrawal of Partners
Death or Incapacity
Non-Competition
Confidentiality
Intellectual Property
Indemnification
Insurance
Default Events
Termination
Dissolution
Force Majeure
Dispute Resolution
Governing Law
Notices
Assignment
Severability
Entire Agreement
Amendments
Counterparts
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