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1. Parties: Identification and details of all partners entering into the agreement, including full legal names, addresses, and registration details if corporate entities
2. Background: Context of the partnership, business purpose, and general intent of the profit sharing arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including financial terms, accounting periods, and profit-related terminology
4. Partnership Structure: Legal structure of the partnership, ownership percentages, and capital contributions
5. Profit and Loss Sharing: Detailed mechanism for calculating and distributing profits and losses, including timing and method of distributions
6. Management and Control: Decision-making processes, voting rights, and management responsibilities of partners
7. Financial Records and Accounting: Requirements for maintaining financial records, accounting standards to be followed, and audit requirements
8. Capital Accounts: Management of partner capital accounts, including initial and additional contributions
9. Banking and Financial Matters: Banking arrangements, signing authorities, and financial controls
10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
11. Dispute Resolution: Procedures for resolving disputes between partners, including mediation and arbitration provisions
12. Governing Law: Specification of UAE law as governing law and relevant jurisdictional matters
13. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Intellectual Property Rights: Include when the partnership involves creation or use of intellectual property
2. Non-Competition and Confidentiality: Include when partners need to be restricted from competing activities or when dealing with sensitive information
3. Exit Mechanisms: Include detailed procedures for partner exit, buy-out provisions when partners want specific exit options
4. New Partner Admission: Include when the partnership anticipates bringing in new partners in the future
5. Special Project Provisions: Include when profit sharing varies for specific projects or business lines
6. Zakat Provisions: Include when partners need to address Islamic financial principles
7. International Operations: Include when partnership operates across multiple jurisdictions
1. Schedule 1: Capital Contributions: Detailed list of initial capital contributions from each partner
2. Schedule 2: Profit Sharing Ratios: Detailed breakdown of profit sharing percentages and any variable elements
3. Schedule 3: Accounting Principles: Specific accounting principles and procedures to be followed
4. Schedule 4: Management Structure: Detailed organizational structure and management responsibilities
5. Schedule 5: Business Plan: Initial business plan and financial projections
6. Appendix A: Partner Details: Detailed information about each partner including contact information and representatives
7. Appendix B: Financial Procedures: Detailed procedures for financial management and profit distribution
8. Appendix C: Reporting Ƶ: Standard templates for financial reporting and profit distribution calculations
Professional Services
Real Estate
Trading & Distribution
Technology & Software
Manufacturing
Retail
Construction
Healthcare
Hospitality
Financial Services
Consulting
E-commerce
Media & Entertainment
Education
Food & Beverage
Legal
Finance
Executive Leadership
Corporate Governance
Compliance
Business Development
Operations
Partnership Management
Investment
Risk Management
Board of Directors
Chief Executive Officer
Chief Financial Officer
Managing Partner
Finance Director
Legal Counsel
Business Development Manager
Company Secretary
Financial Controller
Managing Director
Operations Director
Compliance Officer
Partner Relations Manager
Investment Manager
Board Member
Shareholder Representative
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