Partnership Contract Agreement Template for South Africa

1. Intellectual Property Rights: Management and ownership of IP when the partnership involves creative or technical work

2. Non-Competition and Confidentiality: Restrictions on competitive activities and handling of confidential information

3. Insurance: Required insurance coverage for the partnership and partners

4. Employee Management: Procedures for hiring, managing, and terminating employees

5. International Operations: Special provisions for partnerships operating across borders

6. Professional Qualifications: Requirements for maintaining professional licenses or certifications in professional partnerships

7. Property Ownership: Specific provisions for partnerships owning or leasing significant property assets

8. Technology and Data Protection: Provisions for IT systems, data management, and privacy compliance

1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial and agreed future capital contributions

2. Schedule B - Profit Sharing Ratios: Detailed formula and calculations for profit and loss distribution

3. Schedule C - Partner Details: Complete contact information and identification details of all partners

4. Schedule D - Business Plan: Initial business plan and strategic objectives of the partnership

5. Schedule E - Partnership Assets: Inventory of partnership assets and their agreed values

6. Schedule F - Management Responsibilities: Detailed allocation of management duties and responsibilities

7. Appendix 1 - Partnership Policies: Key operational policies and procedures

8. Appendix 2 - Required Qualifications: List of required professional qualifications or licenses if applicable