The Partnership Framework Agreement serves as a foundational document for establishing formal business partnerships in India. It is particularly useful when entities wish to create a structured, long-term collaborative relationship while maintaining their separate legal identities. This agreement, governed by Indian law including the Partnership Act 1932 and Contract Act 1872, outlines crucial aspects such as profit sharing, management rights, operational procedures, and exit mechanisms. It's commonly used when businesses want to pool resources, share risks and rewards, or collaborate on specific projects while ensuring clear governance and compliance with Indian regulatory requirements. The document provides flexibility to accommodate various business models while maintaining legal robustness through comprehensive terms and conditions.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Partnership Framework Agreement
"Need a Partnership Framework Agreement for a technology services collaboration between an Indian software company and a UK-based AI firm, with strong IP protection clauses and data privacy provisions, to be effective from March 2025."
1. Parties: Identification of all partnership parties with full legal names and addresses
2. Background: Context of the partnership and brief description of each party's business
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Partnership Scope and Purpose: Detailed description of partnership objectives and scope of collaboration
5. Term and Renewal: Duration of the partnership agreement and renewal provisions
6. Partnership Principles: Core principles governing the partnership relationship
7. Roles and Responsibilities: Specific duties and obligations of each partner
8. Financial Arrangements: Profit sharing, capital contribution, and financial management provisions
9. Management and Decision Making: Partnership management structure and decision-making processes
10. Intellectual Property Rights: Ownership and usage rights of IP brought to or created during partnership
11. Confidentiality: Protection and handling of confidential information
12. Liability and Indemnification: Allocation of risks and indemnification obligations
13. Dispute Resolution: Procedures for resolving disputes between partners
14. Termination: Grounds and procedures for termination of the partnership
15. General Provisions: Standard boilerplate clauses including notices, amendments, governing law
1. Non-Compete: Restrictions on competitive activities, used when partners operate in similar markets
2. Insurance: Insurance requirements, included when specific coverage is necessary for partnership activities
3. Third Party Rights: Rights of third parties under the agreement, relevant when external stakeholders are involved
4. Force Majeure: Provisions for unforeseen circumstances, important for partnerships with operational dependencies
5. Anti-Corruption: Compliance with anti-corruption laws, essential for international partnerships or government contracts
6. Data Protection: Data handling and privacy requirements, necessary when personal data processing is involved
7. Environmental Compliance: Environmental obligations, relevant for partnerships in industries with environmental impact
8. Marketing and Branding: Rules for use of partner brands and marketing activities, important for customer-facing partnerships
1. Schedule 1 - Partner Details: Detailed information about each partner including registration details and contact information
2. Schedule 2 - Business Plan: Detailed business plan and strategic objectives of the partnership
3. Schedule 3 - Capital Contributions: Details of initial and ongoing capital contributions by each partner
4. Schedule 4 - Profit Sharing Ratio: Specific formula and terms for profit and loss sharing
5. Schedule 5 - Management Structure: Detailed organizational structure and management procedures
6. Schedule 6 - Key Performance Indicators: Performance metrics and evaluation criteria
7. Appendix A - Operating Procedures: Detailed operational procedures and protocols
8. Appendix B - Compliance Requirements: Specific regulatory and compliance obligations
Authors
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Manufacturing
Professional Services
Healthcare
Real Estate
Construction
Retail
Financial Services
Education
Telecommunications
Energy
Agriculture
Logistics
Consulting
E-commerce
Relevant Teams
Legal
Business Development
Finance
Operations
Compliance
Risk Management
Corporate Strategy
Commercial
Partnership Management
Executive Leadership
Corporate Governance
Business Affairs
Relevant Roles
Chief Executive Officer
Managing Director
Chief Financial Officer
Legal Counsel
Business Development Manager
Partnership Manager
Operations Director
Company Secretary
Risk Manager
Compliance Officer
Strategy Director
Commercial Director
Chief Operating Officer
Finance Director
General Counsel
Find the exact document you need
Partnership Framework Agreement
An Indian law-governed agreement establishing partnership terms and conditions between multiple entities for business collaboration.
find out more
Investment Framework Agreement
An Indian law-governed agreement establishing the framework for investment relationships, including investment terms, governance rights, and regulatory compliance requirements.
find out more
Financial Framework Partnership Agreement
An Indian law-governed agreement establishing a framework for financial partnership between entities, outlining terms for financial collaboration and regulatory compliance.
find out more
Framework Purchase Agreement
An Indian law-governed agreement establishing terms for recurring purchase transactions between parties, setting framework conditions for multiple future purchase orders.
find out more
Enterprise Framework Agreement
An Indian law-governed master agreement establishing terms for ongoing commercial relationships between organizations, supporting multiple transactions under a single framework.
find out more
Cooperation Framework Agreement
An Indian law-governed master agreement establishing the framework for collaboration between parties, with provisions for specific project implementations.
find out more
Contract Framework Agreement
An Indian law-governed master agreement establishing general terms and conditions for ongoing business relationships and future specific contracts.
find out more
Commercial Framework Agreement
A master agreement under Indian law establishing terms for ongoing commercial relationships between parties, governing future specific transactions.
find out more
Collaboration Framework Agreement
An Indian law-governed master agreement establishing terms and conditions for ongoing collaboration between parties, serving as a framework for specific project agreements.
find out more
Framework Supply Agreement
An Indian law-governed agreement establishing terms for ongoing supply of goods, including ordering processes, pricing, and delivery requirements.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.