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Employee Partnership Agreement
"I need an Employee Partnership Agreement for a senior software developer joining our tech consultancy in Munich as a junior partner, with a 5% profit share and standard non-compete provisions, starting March 1, 2025."
1. Parties: Identification of the contracting parties: the company, existing partners, and the employee-partner
2. Background: Context of the agreement, including the company's structure and the purpose of creating an employee-partnership relationship
3. Definitions: Key terms used throughout the agreement, including specific German legal terminology
4. Employment Terms: Core employment conditions including role, responsibilities, working hours, and location
5. Partnership Terms: Terms of partnership including capital contribution, profit sharing, and voting rights
6. Remuneration and Benefits: Salary, bonus structure, partnership profit distribution, and benefits package
7. Intellectual Property Rights: Assignment and protection of IP rights, in accordance with German Employee Invention Act
8. Confidentiality: Non-disclosure obligations regarding company and partnership information
9. Non-Competition and Non-Solicitation: Restrictions during and after the agreement term, compliant with German competition law
10. Term and Termination: Duration of the agreement and circumstances for termination of both employment and partnership
11. Effects of Termination: Consequences of termination on both employment and partnership rights
12. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
13. General Provisions: Standard clauses including severability, entire agreement, and amendments
1. Management Rights and Duties: Required if the employee-partner will have management responsibilities
2. International Work Provisions: Required if the role involves work across multiple jurisdictions
3. Works Council Provisions: Required if the company has a works council (Betriebsrat)
4. Training and Development: Optional section detailing professional development opportunities and requirements
5. Share Option Scheme: Required if the partnership includes share options rather than direct partnership rights
6. Retirement and Succession: Optional section for planning partnership transition upon retirement
7. Alternative Dispute Resolution: Optional section establishing mediation or arbitration procedures
1. Schedule 1 - Position Description: Detailed description of the employee-partner's role and responsibilities
2. Schedule 2 - Remuneration Structure: Detailed breakdown of salary, bonuses, and profit-sharing calculations
3. Schedule 3 - Partnership Capital: Details of capital contribution and partnership interest valuation
4. Schedule 4 - Company Policies: Key company policies applicable to the employee-partner
5. Schedule 5 - Intellectual Property Register: List of existing IP and provisions for new IP creation
6. Schedule 6 - Benefits Package: Detailed description of all employment and partnership benefits
7. Appendix A - Partnership Agreement: Copy of or reference to the main partnership agreement
8. Appendix B - Company Structure: Organization chart and ownership structure
Authors
Professional Services
Legal Services
Consulting
Financial Services
Technology
Architecture
Engineering
Healthcare
Accounting
Marketing and Advertising
Software Development
Management Consulting
Real Estate
Creative Industries
Research and Development
Human Resources
Legal
Finance
Senior Management
Operations
Professional Services
Consulting
Research & Development
Business Development
Technical Services
Creative Services
Client Services
Strategy
Product Development
Senior Consultant
Managing Director
Principal Architect
Senior Partner
Department Head
Technical Director
Senior Manager
Practice Leader
Chief Engineer
Executive Director
Senior Associate
Regional Manager
Project Director
Senior Designer
Lead Developer
Senior Advisor
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