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Small Business Partnership Agreement
"I need a Small Business Partnership Agreement for a new digital marketing agency in Singapore starting March 2025, with three equal partners contributing SGD 50,000 each and specific provisions for intellectual property rights and client confidentiality."
1. Parties: Identification and details of all partners
2. Background: Context and purpose of the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal form and basic structure of the partnership
5. Capital Contributions: Initial and ongoing capital requirements
6. Profit and Loss Sharing: Distribution of profits and losses among partners
7. Management and Decision Making: Governance structure and voting rights
8. Duration and Termination: Term of partnership and dissolution procedures
1. Non-Competition: Restrictions on partners' competing activities
2. Intellectual Property Rights: Ownership and use of IP within the partnership
3. Insurance: Required insurance coverage
4. Employee Management: Policies regarding hiring and managing employees
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule 2: Profit Sharing Ratios: Detailed formula for profit and loss distribution
3. Schedule 3: Business Plan: Initial business plan and objectives
4. Appendix A: Partner Details: Detailed information about each partner including contact details
Authors
Business
Business Day
Business Hours
Business Name
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Financial Year
Initial Capital
Insolvency Event
Intellectual Property Rights
Management Committee
Managing Partner
Material Breach
Net Profit
Partnership
Partnership Assets
Partnership Interest
Partners
Profit Share
Restricted Business
SGD
Term
Territory
Working Capital
Profit and Loss Sharing
Management and Control
Decision Making
Voting Rights
Partnership Property
Banking Arrangements
Accounting and Records
Partnership Meetings
Admission of New Partners
Transfer of Partnership Interest
Death or Incapacity
Termination
Dissolution
Non-Competition
Confidentiality
Intellectual Property
Dispute Resolution
Governing Law
Force Majeure
Notices
Amendment Procedures
Insurance Requirements
Indemnification
Business Name and Location
Partnership Duties
Financial Reporting
Tax Matters
Retirement Provisions
Assignment Rights
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