51Ƶ

Managing Partner Agreement for the United Kingdom

Managing Partner Agreement Template for England and Wales

A Managing Partner Agreement is a comprehensive legal document governed by English and Welsh law that establishes the terms, conditions, and responsibilities of a managing partner within a partnership structure. It outlines the scope of authority, decision-making powers, remuneration arrangements, and performance expectations. The agreement ensures compliance with the Partnership Act 1890 and other relevant legislation while providing clear governance framework and protecting the interests of all parties involved.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Managing Partner Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Managing Partner Agreement?

The Managing Partner Agreement is a crucial document used when appointing or formalizing the position of a managing partner in professional partnerships operating under English and Welsh law. It serves as the primary contract governing the relationship between the managing partner and the partnership, detailing responsibilities, authority limits, compensation structure, and performance expectations. This agreement is essential for establishing clear leadership roles, ensuring smooth operations, and providing mechanisms for dispute resolution. It must comply with the Partnership Act 1890, Limited Liability Partnerships Act 2000 (if applicable), and other relevant legislation while addressing specific needs of the partnership structure.

What sections should be included in a Managing Partner Agreement?

1. Parties: Identification and details of all partners and the partnership entity

2. Background: Context of the agreement and partnership structure

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Terms of appointment as managing partner and duration

5. Duties and Responsibilities: Specific roles and obligations of the managing partner

6. Remuneration: Compensation structure including profit share

7. Decision Making Authority: Scope of managing partner's authority and limitations

8. Termination: Circumstances and procedures for ending the agreement

What sections are optional to include in a Managing Partner Agreement?

1. Non-Compete Provisions: Restrictions on competition post-termination, used when protecting business interests is crucial

2. Intellectual Property: IP rights and ownership provisions, used when IP is significant to the business

3. International Operations: Cross-border responsibilities and obligations, used for partnerships with international presence

4. Insurance Requirements: Specific insurance obligations and coverage requirements, used when additional coverage is needed

What schedules should be included in a Managing Partner Agreement?

1. Schedule 1: Partner Details: Complete information about all partners

2. Schedule 2: Remuneration Structure: Detailed breakdown of compensation arrangements

3. Schedule 3: KPIs and Performance Metrics: Specific performance indicators and targets

4. Schedule 4: Partnership Assets: List of key partnership assets and ownership details

5. Appendix A: Governance Procedures: Detailed operational and management procedures

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

England and Wales

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions












































Clauses


































Industries

Partnership Act 1890: Core legislation defining basic partnership rights, obligations, default rules for partner relationships, profit sharing arrangements, and partnership dissolution procedures

Limited Liability Partnerships Act 2000: Governs LLP structures, providing framework for corporate aspects and limited liability provisions in partnerships

Companies Act 2006: Relevant for partnerships with corporate elements, providing guidelines for corporate governance aspects

Equality Act 2010: Covers anti-discrimination provisions and equal treatment requirements in partnership operations

Working Time Regulations 1998: Regulates working hours, leave entitlements, and rest periods for partners and employees

Income Tax Act 2007: Outlines tax treatment of partnership income and partner remuneration structure

Partnership (Accounts) Regulations 2008: Sets out financial reporting requirements and accounting obligations for partnerships

Data Protection Act 2018: Covers UK GDPR compliance, data handling responsibilities, and privacy obligations

Contract Law Principles: Common law principles governing contract formation, consideration, and capacity to contract

Competition Law: Regulates non-compete provisions and restrictive covenants in partnership agreements

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

Find the exact document you need

Venture Partner Agreement

An England & Wales agreement formalizing venture capital partnerships, detailing roles, responsibilities, and compensation.

find out more

Vacation Home Partnership Agreement

An England & Wales legal document outlining co-ownership terms for a shared vacation property.

find out more

Trucking Partnership Agreement

An England & Wales legal document outlining partnership terms for trucking operations, ensuring compliance and profit sharing.

find out more

Term Sheet For Partnership Agreement

An England & Wales document outlining initial terms for a partnership, guiding final agreement negotiations.

find out more

Temporary Partnership Agreement

An England & Wales legal document outlining terms for a temporary project-specific business collaboration.

find out more

Technology Partnership Agreement

An England & Wales legal agreement formalizing technological collaboration, addressing IP, confidentiality, and compliance.

find out more

Technical Partnership Agreement

An England & Wales legal document outlining terms for technical collaboration and intellectual property management.

find out more

Strategic Technology Partnership Agreement

An England & Wales legal agreement for technological collaboration, addressing data protection, IP rights, and cybersecurity.

find out more

Strategic Alliance Partnership Agreement

An England & Wales legal document formalizing collaborative ventures while maintaining independent legal status for organizations.

find out more

Startup Partnership Agreement

An England & Wales legal document outlining partners' rights and duties in a new business venture.

find out more

Standard Partnership Agreement

An England & Wales legal document defining partnership terms, modifying default rules under the Partnership Act 1890.

find out more

Sponsorship Partnership Agreement

An England & Wales contract detailing sponsorship terms, rights, and obligations for commercial partnerships.

find out more

Software Partnership Agreement

An England & Wales legal contract formalizing software development partnerships, detailing rights, responsibilities, and dispute resolution.

find out more

Software Partner Agreement

An England & Wales legal agreement for software distribution and partnership roles, responsibilities, and compliance.

find out more

Shareholders Agreement Joint Venture

An England & Wales legal document outlining governance and rights in a joint business venture.

find out more

Service Partner Agreement

An England & Wales agreement formalizing service delivery partnerships with external providers, detailing scope, standards, and compliance.

find out more

Simple 50 50 Partnership Agreement

An England & Wales legal document establishing equal partnership rights and responsibilities for business ventures.

find out more

Simple Partnership Dissolution Agreement

An England & Wales legal document detailing terms for amicable partnership dissolution and asset distribution.

find out more

Simple Limited Partnership Agreement

An England & Wales legal document outlining roles and liabilities in a limited partnership agreement.

find out more

Restaurant Profit Sharing Agreement

An England & Wales agreement outlining profit distribution terms for restaurant owners, investors, and employees.

find out more

Revenue Share Partnership Agreement

An England & Wales agreement detailing revenue-sharing terms for collaborative business ventures.

find out more

Secret Partner Agreement

An England & Wales legal document ensuring partner anonymity while participating in business profits and decisions.

find out more

Sales Cooperation Agreement

An England & Wales legal document formalizing sales collaboration through agents or distributors, detailing roles and financial terms.

find out more

Salaried Partner Agreement

An England & Wales agreement outlining terms for salaried partners in professional services firms.

find out more

Real Estate Limited Partnership Agreement

An England & Wales legal document outlining terms for pooled real estate investment with limited liability.

find out more

Real Estate Joint Venture Agreement

An England & Wales legal document outlining terms for joint real estate ventures, including ownership and profit distribution.

find out more

Real Estate Channel Partner Agreement

An England & Wales legal agreement outlining terms for property sales through authorized channel partners.

find out more

Property Partnership Agreement

An England & Wales legal document outlining joint property investment terms, rights, and obligations among partners.

find out more

Profit Sharing Ratio Partnership Agreement

An England & Wales legal document formalizing customized profit-sharing arrangements in business partnerships.

find out more

Profit Sharing Agreement In Business Partnership

An England & Wales legal document outlining profit distribution and responsibilities in a business partnership.

find out more

Profit And Loss Partnership Agreement

An England & Wales legal document outlining profit and loss sharing in business partnerships.

find out more

Production Partnership Agreement

An England & Wales legal document outlining terms for joint production ventures, including governance and profit distribution.

find out more

Product Partnership Agreement

An England & Wales legal document formalizing product collaboration terms between businesses in manufacturing, distribution, or sales.

find out more

Preliminary Partnership Agreement

An England & Wales legal document outlining preliminary terms for forming a business partnership.

find out more

Preferred Partnership Agreement

An England & Wales agreement formalizing strategic business partnerships with preferential rights and compliance provisions.

find out more

Preferred Partner Agreement

An England & Wales legal document formalizing strategic partnerships with key suppliers under preferential terms.

find out more

Pre Partnership Agreement

An England & Wales legal document outlining preliminary terms before formal partnership formation, ensuring confidentiality and exclusivity.

find out more

Photography Partnership Agreement

An England & Wales legal agreement formalizing a business partnership between photography professionals, detailing rights and responsibilities.

find out more

Pharmacy Partnership Agreement

An England & Wales legal document outlining a joint pharmacy business partnership's framework and regulatory compliance.

find out more

Partnership Subscription Agreement

An England & Wales legal document outlining terms for a new partner joining an existing partnership.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it