Managing Partner Agreement Template for South Africa

1. Professional Indemnity: Required for professional services partnerships, covering insurance requirements and liability provisions

2. Intellectual Property: Needed when the partnership deals with significant IP assets or creative work

3. International Operations: Required for partnerships operating across multiple jurisdictions

4. Succession Planning: Important for larger partnerships or where continuity planning is crucial

5. Alternative Dispute Resolution: Optional detailed procedures for resolving disputes through mediation or arbitration

6. Training and Development: Relevant for partnerships with significant professional development requirements

7. Environmental and Social Responsibility: Important for partnerships in industries with significant environmental or social impact

1. Schedule 1: Remuneration Structure: Detailed breakdown of compensation, profit share calculations, and benefits

2. Schedule 2: Key Performance Indicators: Specific performance metrics and targets for the managing partner

3. Schedule 3: Delegated Authority Limits: Detailed monetary and decision-making authority limits

4. Schedule 4: Partnership Assets: List of key partnership assets under managing partner's control

5. Schedule 5: Reporting Requirements: Detailed reporting formats, frequencies, and requirements

6. Appendix A: Partnership Agreement Extract: Relevant excerpts from the main partnership agreement

7. Appendix B: Policies and Procedures: Key operational policies and procedures the managing partner must follow