Temporary Partnership Agreement Template for South Africa

1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners have existing businesses or market sensitivity exists

2. Intellectual Property: Provisions regarding ownership and use of IP, necessary when the partnership involves creation or use of intellectual property

3. Insurance: Requirements for business insurance, relevant when partnership activities involve significant risks

4. Employment Matters: Provisions regarding hiring and managing employees, needed if the partnership will have employees

5. Confidentiality: Provisions protecting sensitive information, important when partnership involves proprietary information

6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in longer-term temporary partnerships

7. Assignment and Transfer: Rules regarding transfer of partnership interests, important in larger partnerships or where partners may need exit flexibility

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial capital contributions, including valuations of non-cash contributions

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

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

4. Schedule 4: Business Plan: Detailed plan for the partnership's operations and objectives

5. Schedule 5: Management Procedures: Specific procedures for meetings, voting, and decision-making

6. Appendix A: Asset Register: List of all partnership assets and their agreed values

7. Appendix B: Required Insurances: List of required insurance policies and minimum coverage levels