The New Partnership Agreement serves as the foundational document for establishing a formal business partnership under Irish law. It is essential when two or more individuals or entities decide to join forces in a business venture, whether for professional services, trading, or other commercial activities. This document becomes necessary at the commencement of a new partnership or when formalizing an existing informal partnership arrangement. The agreement comprehensively addresses all aspects of the partnership relationship, from financial contributions and profit sharing to management rights and exit procedures. It must comply with Irish partnership law, particularly the Partnership Act 1890, while also considering modern business practices and requirements. The document is crucial for preventing future disputes by clearly defining all partners' rights, responsibilities, and expectations from the outset.
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 all partners entering into the agreement, including their full names and addresses
2. Background: Sets out the context of the partnership formation and the partners' intention to carry on business together
3. Definitions: Defines key terms used throughout the agreement
4. Partnership Business: Describes the nature and scope of the partnership business
5. Commencement and Term: Specifies when the partnership begins and its duration
6. Capital Contributions: Details the initial and any agreed future capital contributions of each partner
7. Profit and Loss Sharing: Specifies how profits and losses will be distributed among partners
8. Management and Decision Making: Outlines management structure and voting rights for partnership decisions
9. Banking and Financial Matters: Details banking arrangements and financial management procedures
10. Accounting and Records: Specifies requirements for maintaining partnership accounts and records
11. Partner Duties and Obligations: Sets out the duties, responsibilities, and obligations of all partners
12. Restrictions on Partners: Details any restrictions on partners' activities, including non-compete provisions
13. Admission of New Partners: Procedures for admitting new partners to the partnership
14. Retirement and Expulsion: Procedures for partner retirement and circumstances allowing partner expulsion
15. Death or Incapacity: Procedures following death or incapacity of a partner
16. Dissolution: Circumstances and procedures for partnership dissolution
17. Dispute Resolution: Procedures for resolving disputes between partners
18. Governing Law: Confirms Irish law as governing law and jurisdiction
1. Intellectual Property: Required for partnerships where IP is created or used extensively, detailing ownership and usage rights
2. Professional Indemnity: Essential for professional service partnerships, dealing with insurance and liability
3. Data Protection: Detailed section needed when partnership handles significant personal data
4. Good Faith and Garden Leave: Important for professional partnerships where partners may have significant client relationships
5. International Operations: Required if partnership operates across multiple jurisdictions
6. Regulatory Compliance: Needed for regulated businesses like financial services or legal practices
7. Property Matters: Required if partnership owns or leases significant property assets
8. Partner Drawings: Detailed provisions for regular partner drawings, needed in larger partnerships
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule 2 - Profit Sharing Ratios: Detailed breakdown of profit and loss sharing arrangements
3. Schedule 3 - Partner Details: Complete partner information including contact details and professional qualifications
4. Schedule 4 - Partnership Property: List of all partnership property and assets
5. Schedule 5 - Business Plan: Initial business plan and financial projections
6. Schedule 6 - Management Responsibilities: Detailed allocation of management duties and responsibilities
7. Appendix A - Partnership Policies: Key operational policies and procedures
8. Appendix B - Prescribed Partner Resolutions: List of matters requiring specific partner approval levels
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)