Informal Partnership Agreement Template for South Africa

1. Intellectual Property Rights: Include when the partnership will develop or use significant intellectual property

2. Employment of Partners: Include when partners will be employed by the partnership

3. Insurance: Include when specific insurance requirements need to be maintained

4. Additional Capital Contributions: Include when there's a likelihood of requiring future capital injections

5. Partner Meetings: Include for larger partnerships requiring formal meeting procedures

6. Assignment and Transfer of Interest: Include when partners might want to transfer their interest

7. Death or Incapacity of Partners: Include when specific provisions for succession are needed

1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution

2. Schedule 2: Profit Sharing Ratios: Specific percentages or formulas for profit and loss distribution

3. Schedule 3: Partner Contact Details: Complete contact information for all partners

4. Schedule 4: Business Plan: Initial business plan and objectives (if applicable)

5. Schedule 5: Partner Responsibilities: Detailed breakdown of specific roles and responsibilities of each partner

6. Appendix A: Partnership Assets: List of assets contributed to or owned by the partnership