Startup Business Partnership Agreement Template for South Africa

1. Non-Competition and Non-Solicitation: Restrictions on partners competing with the business or soliciting employees/clients, useful for knowledge-based businesses

2. Intellectual Property Rights: Detailed IP ownership and licensing arrangements, essential for tech startups or creative businesses

3. Employment of Partners: Terms for partners who will be employed in the business, including remuneration and benefits

4. External Investment: Procedures for accepting external investment and dilution of partnership interests

5. International Operations: Provisions for international business activities and cross-border considerations

6. Digital Assets and Cybersecurity: Management and protection of digital assets and data security measures

7. BEE Compliance: Specific provisions for Black Economic Empowerment compliance and targets

8. Exit Strategy: Detailed procedures for partner exit, buy-out options, and succession planning

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

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

3. Schedule C - Partner Information: Detailed information about each partner including contact details and tax numbers

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

5. Schedule E - Asset Register: List of partnership assets including valuation and ownership details

6. Schedule F - Intellectual Property Register: Register of IP assets owned by or licensed to the partnership

7. Appendix 1 - Management Procedures: Detailed procedures for day-to-day management and decision-making

8. Appendix 2 - Financial Procedures: Specific procedures for financial management and reporting