Document background
The Partnership Framework Agreement is designed for businesses seeking to establish structured, long-term collaborative relationships under South African law. This document serves as a master agreement that defines the fundamental partnership principles while maintaining flexibility for specific project implementations. It is particularly valuable when parties wish to create a sustainable partnership structure that can accommodate multiple ventures or projects over time. The agreement incorporates essential elements required under South African common law partnership principles, addresses B-BBEE requirements where applicable, and provides comprehensive coverage of key partnership aspects including governance, capital contributions, profit sharing, and exit mechanisms. It is suitable for both domestic and international partnerships operating within the South African jurisdiction and can be adapted to various business sectors and partnership scales.
