This document serves as a vital legal framework for establishing equal partnerships under Irish law. The 50-50 Partnership Agreement is specifically designed for situations where two parties wish to form a business partnership with equal sharing of ownership, control, profits, and responsibilities. It's particularly suitable for professional services, small businesses, or joint ventures where partners want to ensure equal participation and decision-making rights. The agreement incorporates essential elements required by Irish partnership law, including the Partnership Act 1890, while addressing contemporary business needs such as digital assets, intellectual property rights, and data protection. It provides comprehensive coverage of partnership formation, operation, dispute resolution, and dissolution procedures, making it suitable for both new partnerships and formalizing existing business relationships.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies and provides full details of the two partners entering into the 50-50 partnership
2. Background: Sets out the context and purpose of forming the partnership
3. Definitions: Defines key terms used throughout the agreement
4. Partnership Formation: Establishes the creation of the partnership, its name, and commencement date
5. Nature of Business: Defines the scope and type of business activities the partnership will undertake
6. Capital Contributions: Details the initial and any agreed future capital contributions from each partner
7. Profit and Loss Sharing: Specifies the 50-50 split of profits and losses and distribution mechanisms
8. Management and Decision Making: Outlines how the partnership will be managed and how decisions will be made
9. Partners' Duties and Obligations: Sets out the responsibilities and commitments of each partner
10. Banking and Financial Matters: Establishes banking arrangements and financial management procedures
11. Accounting and Records: Details requirements for maintaining partnership accounts and records
12. Admission of New Partners: Procedures for admitting new partners and impact on partnership structure
13. Death or Incapacity: Procedures to follow in case of death or incapacity of a partner
14. Termination and Dissolution: Circumstances and procedures for ending the partnership
15. Dispute Resolution: Mechanisms for resolving disagreements between partners
16. Governing Law: Confirms Irish law as governing law and jurisdiction
1. Intellectual Property Rights: Required when the partnership will create or use significant IP assets
2. Non-Competition and Non-Solicitation: Include when partners want to restrict post-partnership competitive activities
3. Insurance: Include when specific insurance requirements need to be maintained
4. Partnership Property: Required when the partnership will own significant assets
5. Data Protection: Include when the partnership will handle personal data
6. Force Majeure: Include when partners want specific provisions for unforeseen circumstances
7. Good Will: Include when the partnership involves valuable goodwill or brand value
8. Working Capital Loans: Include when partners anticipate need for additional financing
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 financial projections
3. Schedule 3 - Partnership Property: Inventory of partnership assets and property
4. Schedule 4 - Accounting Policies: Detailed accounting procedures and policies
5. Schedule 5 - Deed of Adherence: Template for admitting new partners
6. Appendix A - Partner Contact Details: Contact information and addresses for service
7. Appendix B - Bank Account Details: Partnership banking information and authorized signatories
Find the exact document you need
Software Channel Partner Agreement
An Irish law-governed agreement establishing terms between a software provider and channel partner for software distribution and sales.
Download
Boat Partnership Contract
An Irish law-governed agreement establishing shared boat ownership terms, rights, and responsibilities between multiple parties.
Download
Technology Partner Agreement
An Irish law-governed agreement establishing terms and conditions for technology partnership arrangements, including service delivery, IP rights, and compliance requirements.
Download
Business Partnership Separation Agreement
An Irish law-governed agreement that formalizes the dissolution of a business partnership and establishes terms for partner separation, including asset division and liability allocation.
Download
Domestic Partner Agreement
An Irish law-governed agreement establishing rights and obligations between cohabiting partners, defining their property and financial arrangements.
Download
Venture Capital Partnership Agreement
An Irish law-governed agreement establishing a venture capital partnership, defining relationships between GPs and LPs, and setting operational parameters.
Download
Simple Collaboration Agreement
An Irish law-governed agreement establishing terms for parties to collaborate on specific projects, including key provisions for responsibilities, IP rights, and confidentiality.
Download
Non Binding Partnership Agreement
An Irish law governed framework document outlining intended partnership terms without creating legally binding obligations between parties.
Download
Mou Partnership Agreement
An Irish law-governed MOU that establishes a framework for partnership collaboration, outlining key terms while maintaining typical non-binding characteristics.
Download
Memorandum Of Agreement For Business Partnership
An Irish law-governed agreement that establishes and defines the terms of a business partnership, including rights, responsibilities, and operational framework.
Download
Accounting Firm Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions of an accounting firm partnership, including partner rights, obligations, and operational framework.
Download
Land Partnership Agreement
An Irish law agreement establishing a partnership for land ownership and management, defining rights, responsibilities, and profit-sharing arrangements between partners.
Download
Social Media Partnership Agreement
An Irish law-governed agreement establishing terms and conditions for social media marketing partnerships, ensuring compliance with local and EU regulations.
Download
Memorandum Of Understanding For Business Partnership
An Irish law-governed preliminary agreement outlining intended business partnership terms and framework for future formal collaboration.
Download
Legal Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions of a business partnership, including structure, operations, and partner obligations.
Download
Venture Partner Agreement
An Irish law-governed agreement establishing the terms of engagement and compensation for a Venture Partner in a VC/PE firm.
Download
Technical Partnership Agreement
An Irish law-governed agreement establishing terms and conditions for technical collaboration between partners, including IP rights, data protection, and operational procedures.
Download
Startup Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions of a startup partnership, defining rights, responsibilities, and relationships between partners.
Download
Software Partnership Agreement
An Irish law-governed agreement establishing terms for software development and distribution partnerships, ensuring compliance with local and EU regulations.
Download
Software Partner Agreement
Irish law-governed agreement establishing partnership terms between a software provider and business partner, covering licensing, commercial terms, and operational requirements.
Download
Shareholders Agreement Joint Venture
An Irish law-governed agreement establishing the framework for shareholder relationships and corporate governance in a joint venture company.
Download
Simple Partnership Dissolution Agreement
An Irish law agreement that formally dissolves a partnership and outlines the terms for winding up the business relationship between partners.
Download
Salaried Partner Agreement
An Irish law agreement establishing the terms and conditions for a salaried partner's appointment within a professional services firm.
Download
Real Estate Joint Venture Agreement
An Irish law-governed agreement establishing a joint venture between parties for real estate investment, development, or management purposes.
Download
Profit Sharing Agreement In Business Partnership
An Irish law-governed agreement establishing profit sharing arrangements between business partners, including calculation methods and distribution mechanisms.
Download
Preferred Partnership Agreement
An Irish law-governed agreement establishing a preferred partnership relationship between businesses, defining preferential terms and mutual obligations.
Download
Preferred Partner Agreement
An Irish law-governed agreement establishing a preferential business partnership between parties, defining commercial terms, obligations, and operational framework.
Download
Partnership Subscription Agreement
An Irish law-governed agreement facilitating the subscription of limited partners into an investment partnership, outlining investment terms and regulatory compliance requirements.
Download
Partnership Agreement Profit Sharing
An Irish law-governed Partnership Agreement that establishes partner relationships and profit-sharing arrangements, ensuring compliance with Irish partnership legislation.
Download
Non Equity Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions for a non-equity partner's relationship with a partnership, including rights, responsibilities, and obligations.
Download
New Partnership Agreement
An Irish law-governed agreement establishing the terms and conditions for a business partnership, defining partners' rights, obligations, and operational framework.
Download
Long Term Partnering Agreement
An Irish law-governed agreement establishing a long-term strategic partnership between entities, defining collaboration terms and operational framework.
Download
Limited Partnership Agreement
An Irish law-governed agreement establishing a limited partnership structure between general and limited partners, defining their rights, obligations, and operational framework.
Download
Lifetime Partnership Agreement
An Irish law-governed agreement establishing a formal lifetime partnership between two individuals, covering legal, financial, and personal aspects of their relationship.
Download
Joint Partnership Agreement
An Irish law-governed agreement establishing a formal partnership between two or more parties, defining their rights, responsibilities, and business relationship terms.
Download
Influencer Partnership Agreement
An Irish law-governed agreement between brands and social media influencers defining their partnership terms, content requirements, and regulatory compliance obligations.
Download
Hotel Partnership Agreement
An Irish law-governed agreement establishing a partnership structure for hotel operations, defining partner rights, responsibilities, and operational frameworks.
Download
Home Buying Partnership Agreement
An Irish law-governed agreement establishing terms for joint property purchase and ownership between multiple parties, including rights, responsibilities, and exit provisions.
Download
General Cooperation Agreement
An Irish law-governed agreement establishing formal cooperation between parties, defining their collaborative relationship, rights, and obligations.
Download
Fixed Share Partnership Agreement
An Irish law-governed agreement establishing the terms for a fixed share partner's admission to a partnership, including rights, duties, and financial arrangements.
Download
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
.png)