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1. Parties: Identification and details of both partners entering into the 50-50 partnership
2. Background: Context of the partnership formation and partners' intention to establish an equal partnership
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership formation, effective date, and business purpose
5. Capital Contributions: Details of initial and any agreed future capital contributions from each partner
6. Profit and Loss Sharing: Equal (50-50) distribution mechanism for profits and losses
7. Management and Decision Making: Partnership management structure and decision-making processes, including voting rights
8. Partners' Rights and Obligations: Detailed description of partners' rights, duties, and responsibilities
9. Banking and Financial Records: Banking arrangements and requirements for maintaining financial records
10. Partnership Property: Treatment and ownership of partnership assets and intellectual property
11. Term and Termination: Duration of partnership and conditions for termination
12. Death or Incapacity: Procedures in case of death or incapacity of a partner
13. Dispute Resolution: Process for resolving disputes between partners
14. Governing Law: Specification of Dutch law as governing law and jurisdiction
15. General Provisions: Standard clauses including notices, amendments, and severability
1. Non-Competition: Restrictions on partners engaging in competing businesses, include when partners have other business interests
2. Intellectual Property Rights: Detailed IP provisions, include when the partnership involves significant IP assets
3. Insurance: Requirements for business insurance, include when the business has significant risks or regulatory requirements
4. Employee Management: Procedures for hiring and managing employees, include when the partnership plans to have employees
5. International Operations: Provisions for international business activities, include when operating across borders
6. Confidentiality: Detailed confidentiality obligations, include when dealing with sensitive information or trade secrets
7. Partner Retirement: Procedures for partner retirement and succession, include when partners are near retirement age
8. Additional Capital Calls: Procedures for requesting additional capital, include when business may need future funding
1. Schedule 1: Initial Capital Contributions: Detailed list of each partner's initial capital contributions, including valuations
2. Schedule 2: Business Plan: Initial business plan and strategy for the partnership
3. Schedule 3: Asset Register: Comprehensive list of partnership assets and their ownership status
4. Schedule 4: Intellectual Property Register: List of all IP owned by or licensed to the partnership
5. Schedule 5: Partner Contact Details: Contact information and addresses for official notices
6. Appendix A: Banking Mandate: Banking arrangements and authorized signatories
7. Appendix B: Accounting Policies: Agreed accounting principles and practices
8. Appendix C: Management Procedures: Detailed operational and management procedures
Professional Services
Consulting
Technology
Retail
Manufacturing
Healthcare
Real Estate
Construction
Creative Industries
Financial Services
Agriculture
Hospitality
E-commerce
Education
Environmental Services
Legal
Corporate Affairs
Finance
Business Development
Operations
Executive Leadership
Commercial
Risk Management
Compliance
Strategy
Business Owner
Managing Partner
CEO
Entrepreneur
Legal Counsel
Corporate Lawyer
Business Development Manager
Finance Director
Managing Director
Operations Manager
Professional Partner
Startup Founder
General Counsel
Commercial Director
Chief Financial Officer
Company Secretary
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