Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

🖋️ PartnershIP agreement

Business activity

Create partnership

Why use a 🖋️ PartnershIP agreement?

A partnership agreement is a legal contract between two or more individuals who are in business together. The agreement sets out the roles and responsibilities of each partner, as well as the ownership percentage and profit sharing. The agreement also outlines what will happen if one of the partners dies, becomes disabled, or wants to leave the business.

The "In Depth Partnership Agreement (General) under UK law" legal template is a comprehensive document that outlines the terms and conditions of a partnership formed in the United Kingdom. This agreement delves into the details and nuances of the partnership, covering various aspects and legal requirements necessary for both partners to operate jointly and effectively.

The template begins by identifying the parties involved in the partnership and defining their roles, responsibilities, and contributions. It further elucidates the purpose and objectives of the partnership, establishing the common business goals and direction to be pursued by the partners.

The agreement covers the financial aspects of the partnership, including the initial capital investment and subsequent contributions by each partner. It outlines the profit-sharing mechanism, specifying the allocation and distribution of earnings between the partners. Additionally, the template includes provisions regarding the management and decision-making process, highlighting the decision-making authority, voting rights, and the overall governance structure of the partnership.

Furthermore, the template outlines the obligations and responsibilities of each partner, including duties related to partnership accounting and bookkeeping, compliance with legal and regulatory requirements, and the provision of goods or services by the partners.

To safeguard the interests of the partners, the agreement also addresses various contingencies and potential disputes that may arise during the course of the partnership. It covers matters such as termination or dissolution of the partnership, procedures for admitting new partners or withdrawing existing ones, the handling of disputes, and mechanisms for resolving disagreements among the partners.

Finally, the template may include any additional terms or conditions deemed necessary to protect the interests of the partners or the business venture, such as confidentiality clauses, non-compete agreements, or dispute resolution procedures.

Overall, this "In Depth Partnership Agreement (General) under UK law" legal template provides a comprehensive and legally sound framework for partners in the UK to establish, govern, and dissolve their partnership, ensuring clarity, mutual consent, and fair treatment amongst all parties involved.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Standard License For Alterations

The "Standard License For Alterations under UK Law" legal template is a document that outlines the terms and conditions for obtaining a license to make alterations or modifications to certain types of properties in the United Kingdom. This template is specifically tailored to comply with the legal requirements and regulations governing property alterations in the UK.

The template serves as a contractual framework between the property owner, referred to as the licensor, and the individual or entity seeking permission to carry out alterations, referred to as the licensee. It sets out the general terms under which the licensee can proceed with the proposed alterations, ensuring the licensor's interests are protected and the alterations comply with relevant legal and regulatory standards.

The document typically covers a range of important aspects, such as:

1. Scope of alterations: It specifies the nature and extent of alterations that the licensee is authorized to undertake, including any limitations or restrictions imposed by the licensor.

2. Compliance with laws and regulations: The template emphasizes the licensee's responsibility to comply with all applicable UK laws, regulations, and building codes throughout the alteration process.

3. Permissions and permits: It may detail any necessary permits or permissions that the licensee must obtain from local authorities or other relevant bodies prior to commencing the alterations.

4. Timeframe and completion: The template may include provisions regarding the anticipated timeframe for completing the alterations and any penalties or repercussions for delays or failure to complete within the agreed-upon timeframe.

5. Costs and financial obligations: This section outlines the financial aspects of the license agreement, including any associated costs, fees, or charges to be borne by the licensee, as well as any indemnification clauses to protect the licensor against potential costs or damages.

6. Insurance and liability: The template may specify the insurance requirements the licensee must meet to protect against potential damages or accidents during the alteration process. It may also address liability for any damages caused by the licensee or their contractors.

7. Termination and dispute resolution: The document may outline the circumstances under which either party can terminate the license agreement, as well as the methods by which disputes will be resolved, such as through negotiation, mediation, or legal action.

It's important to note that this is a general description, and the specific content and provisions within the template can vary depending on the purpose, nature of alterations, and individual preferences of the parties involved.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
1
RATINGS
0
DISCUSSIONS
0

Standard Legal Charge Over Property (Single Lender)

This legal template, titled "Standard Legal Charge Over Property (Single Lender) under UK Law," pertains to a legally binding agreement between a borrower and a lender in the United Kingdom. The document outlines the terms and conditions surrounding the granting of a charge or security interest over a specific property owned by the borrower.

The purpose of this legal template is to establish a formal arrangement where the borrower agrees to pledge the property as collateral to secure a loan or credit facility provided by a single lender. The template ensures that the lender, who is usually a financial institution or an individual, has a legally enforceable claim over the property in case the borrower defaults on their loan obligations.

The document covers various aspects related to the charge over the property, including details about the property being charged, the terms of the loan, and the legal rights and responsibilities of both parties involved. It outlines the conditions under which the charge becomes effective, specifies the obligations of the borrower, and provides clarity on the lender's rights in case of default or breach of terms.

Moreover, this legal template is designed to comply with UK law, taking into account relevant statutes, regulations, and legal requirements that govern property charges and lending agreements in the country. Its purpose is to establish a fair and balanced contractual relationship between the borrower and lender, ensuring proper protection of the interests of both parties within the framework of applicable laws.

Ultimately, this template serves as a comprehensive and standardized document that can be used by lenders and borrowers in the United Kingdom as a starting point to draft a legal charge agreement over a property, incorporating specific terms and conditions as required by the unique circumstances of each transaction.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
3
RATINGS
2
DISCUSSIONS
1

Standard Nomination Submission Form For Election Of Employee Representatives (TUPE or Collective Redundancy)

This legal template pertains to the nomination submission process for the election of employee representatives in situations involving TUPE (Transfer of Undertakings Protection of Employment) or collective redundancy under UK law.

Under TUPE, when a business or undertaking is transferred from one employer to another, the employees have the right to be represented during the transfer process. Similarly, during collective redundancy situations, where a company intends to make a large number of employees redundant, employee representatives play a crucial role in negotiating and safeguarding employee rights.

This Standard Nomination Submission Form serves as a structured document that outlines the required information and process for nominating employee representatives in such cases. It ensures compliance with UK legal requirements and helps employers and employees navigate the nomination process smoothly.

The template might include sections requesting details such as the organization's name, the affected employees' names, job titles, and contact information. It may also include specific instructions for employees to provide their consent to stand as a candidate, any relevant dates and deadlines for nominations, and additional requirements for eligibility.

By utilizing this document, employers can gather necessary information from interested employees who aspire to represent their colleagues. This form helps ensure transparency, fairness, and compliance with legal provisions during the nomination procedure.

It is important to mention that the specific content and layout of this legal template may vary depending on the circumstances, applicable UK laws, and any specific requirements in place during the collective redundancy or TUPE process. Thus, employers and legal professionals should review and adapt the template according to their particular circumstances to ensure it meets the necessary legal standards and requirements.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
0
DISCUSSIONS
0