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1. Parties: Identification and details of all three partners, including their full legal names, addresses, and registration numbers if applicable
2. Background: Context of the partnership formation, including the business purpose and each partner's general role
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Business: Detailed description of the partnership's business activities and scope
5. Commencement and Term: Start date of the partnership and duration (if fixed-term)
6. Capital Contributions: Details of initial and any ongoing capital contributions from each partner
7. Profit and Loss Sharing: Formula and mechanism for sharing profits and losses among the three partners
8. Management and Decision Making: Governance structure, voting rights, and decision-making processes
9. Partners' Duties and Obligations: Specific responsibilities and commitments of each partner
10. Banking and Financial Matters: Banking arrangements, accounting practices, and financial management
11. Restrictions on Partners: Non-compete, confidentiality, and other restrictive covenants
12. Termination: Circumstances and procedures for partnership termination
13. Dispute Resolution: Process for resolving disputes between partners
1. Intellectual Property Rights: Include when partners bring existing IP or will develop new IP through the partnership
2. International Operations: Include for partnerships operating across multiple jurisdictions
3. Employee Management: Include when the partnership will have employees
4. Insurance: Include when specific insurance requirements need to be maintained
5. Environmental Compliance: Include for businesses with environmental impact considerations
6. Technology and Data Protection: Include when handling sensitive data or utilizing specific technology platforms
7. Marketing and Branding: Include when specific requirements exist for marketing the partnership
8. Religious or Cultural Requirements: Include for partnerships requiring Shariah compliance or other cultural considerations
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and planned capital contributions
2. Schedule 2 - Profit Sharing Formula: Detailed calculations and scenarios for profit distribution
3. Schedule 3 - Business Plan: Initial business plan and strategic objectives
4. Schedule 4 - Partner Responsibilities: Detailed description of each partner's specific roles and responsibilities
5. Schedule 5 - Key Performance Indicators: Metrics for measuring partnership and individual partner performance
6. Schedule 6 - Assets Register: List of assets contributed or acquired by the partnership
7. Schedule 7 - Operational Procedures: Day-to-day operational guidelines and procedures
8. Appendix A - Compliance Requirements: List of regulatory and compliance requirements specific to the business
9. Appendix B - Contact Details: Comprehensive contact information for all partners and key stakeholders
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