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Non Binding Partnership Agreement for Australia

Non Binding Partnership Agreement Template for Australia

A Non-Binding Partnership Agreement is a preliminary document used in Australian business contexts to outline the intended framework for cooperation between two or more parties without creating legally binding obligations. The document serves as a structured way to document discussions and intentions while explicitly maintaining its non-binding nature under Australian law. It typically includes provisions for confidentiality, resource sharing, and communication protocols, while clearly stating that it does not constitute a formal partnership under Australian partnership legislation. This document is particularly useful for organizations in the early stages of exploring potential collaborations or strategic alliances.

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What is a Non Binding Partnership Agreement?

The Non-Binding Partnership Agreement is a strategic document commonly used in the Australian business environment when organizations wish to formally document their intentions to explore cooperation without creating legally binding partnership obligations. It serves as a preliminary step before entering into more formal arrangements, providing a structured framework for discussions while protecting both parties' interests. This document type is particularly valuable when organizations need to share sensitive information or discuss potential collaboration terms while maintaining flexibility to withdraw. The agreement typically includes sections on confidentiality, proposed resource sharing, and communication protocols, while explicitly stating its non-binding nature under Australian law. It's especially useful in situations requiring due diligence, market testing, or gradual partnership development, where parties need to document their intentions without immediate legal commitments.

What sections should be included in a Non Binding Partnership Agreement?

1. Parties: Identification and details of all potential partners entering into the non-binding agreement

2. Background: Context of the potential partnership, including the parties' current situations and reasons for exploring a partnership

3. Definitions: Key terms used throughout the agreement, including clear definition of 'non-binding'

4. Nature of Agreement: Explicit statement of the non-binding nature of the agreement and that it does not create a legal partnership

5. Purpose and Objectives: Outlined goals and intentions of the potential partnership

6. Proposed Scope of Cooperation: General description of areas where parties intend to explore cooperation

7. Resources and Contributions: Preliminary discussion of what each party may contribute, clearly marked as indicative only

8. Confidentiality: Guidelines for handling shared information during partnership discussions

9. Duration and Review: Proposed timeframe for exploring the partnership and review points

10. Communication: Framework for how parties will communicate during the exploration phase

11. Termination: Confirmation that either party may withdraw from discussions without penalty

What sections are optional to include in a Non Binding Partnership Agreement?

1. Intellectual Property: Guidelines for handling IP during discussions, used when parties may share proprietary information

2. Exclusivity: Non-binding provisions about exclusive discussions, included when parties want to explore exclusive arrangements

3. Costs: Guidelines for handling costs during the exploration phase, used when significant costs may be incurred

4. Public Announcements: Guidelines for public communications, included when public interest in the potential partnership is likely

5. Due Diligence: Framework for information sharing and verification, used when detailed business assessment is needed

6. Dispute Resolution: Non-binding guidance for resolving disagreements, included in complex partnership discussions

What schedules should be included in a Non Binding Partnership Agreement?

1. Schedule 1 - Initial Project Outline: High-level description of potential partnership projects or activities

2. Schedule 2 - Proposed Timeline: Indicative timeline for partnership exploration and potential implementation

3. Schedule 3 - Resource Overview: Preliminary list of resources each party may contribute

4. Schedule 4 - Communication Protocol: Detailed procedures for communication between parties

5. Appendix A - Contact Details: Key contact persons and their details for each party

6. Appendix B - Confidentiality Guidelines: Detailed procedures for handling confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Australia

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions




















Clauses




















Relevant Industries

Technology

Financial Services

Healthcare

Education

Manufacturing

Professional Services

Retail

Energy

Telecommunications

Media and Entertainment

Construction

Agriculture

Transportation and Logistics

Real Estate

Research and Development

Relevant Teams

Legal

Business Development

Corporate Development

Strategy

Operations

Executive Leadership

Finance

Risk and Compliance

Commercial

Project Management

Partnership Management

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Strategic Partnerships Director

Legal Counsel

Corporate Development Manager

Chief Operating Officer

Alliance Manager

Commercial Director

Operations Manager

Project Manager

Risk Manager

Compliance Officer

Chief Financial Officer

Strategy Director

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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