The Family Partnership Agreement serves as a foundational document for families looking to formalize their business relationships in New Zealand. It is particularly valuable when multiple family members wish to establish or continue a business venture together, providing clear guidelines for ownership, management, and succession. This document addresses key aspects required under New Zealand law, including partnership formation, capital contributions, profit sharing, decision-making processes, and dispute resolution mechanisms. The agreement is essential for protecting both family and business interests, ensuring smooth operation and transition across generations, and maintaining harmony in family business relationships. It should be customized to reflect specific family circumstances while ensuring compliance with relevant New Zealand legislation, including the Partnership Act 1908 and Property (Relationships) Act 1976.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies all family members entering into the partnership agreement
2. Background: Sets out the context of the family business and reasons for establishing the partnership
3. Definitions and Interpretation: Defines key terms used throughout the agreement and interpretation rules
4. Partnership Formation: Establishes the creation of the partnership and its commencement date
5. Partnership Name and Business: Specifies the partnership's trading name and nature of business
6. Capital Contributions: Details initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Specifies how profits and losses will be distributed among family members
8. Management and Decision Making: Outlines management structure and decision-making processes
9. Partners' Duties and Obligations: Defines responsibilities and obligations of each partner
10. Meetings and Records: Sets requirements for partnership meetings and record-keeping
11. Banking and Financial Management: Establishes banking arrangements and financial control procedures
12. Admission and Retirement: Processes for admitting new family members and handling retirements
13. Transfer of Partnership Interest: Rules regarding transfer of partnership interests within or outside the family
14. Dissolution and Termination: Circumstances and procedures for ending the partnership
15. Dispute Resolution: Procedures for resolving conflicts between family members
1. Succession Planning: Detailed provisions for generational transfer of partnership interests
2. Intellectual Property: Provisions for handling family business IP if relevant to the business
3. Family Council: Establishment of a family council for larger family partnerships
4. Education and Training: Provisions for training next-generation family members
5. Leave and Absence: Rules for extended leave or sabbaticals for family members
6. Non-Competition: Restrictions on competing business activities by family members
7. Family Employment Policy: Guidelines for employing family members in the business
8. Value Assessment: Methods for valuing partnership interests for various purposes
1. Schedule 1: Initial Capital Contributions: Detailed list of initial capital contributions by each partner
2. Schedule 2: Partnership Assets: Comprehensive list of partnership property and assets
3. Schedule 3: Profit Sharing Ratios: Detailed breakdown of profit and loss allocation
4. Schedule 4: Management Responsibilities: Specific roles and responsibilities of managing partners
5. Schedule 5: Family Business Values and Vision: Statement of family business principles and long-term objectives
6. Appendix A: Partnership Policies: Operational policies and procedures
7. Appendix B: Valuation Methodology: Agreed methods for valuing partnership interests
8. Appendix C: Family Member Details: Contact information and details of all family members
Authors
Relevant legal definitions
Clauses
Relevant Industries
Agriculture and Farming
Retail
Hospitality
Professional Services
Manufacturing
Construction
Real Estate
Food and Beverage
Tourism
Wholesale Trade
Transport and Logistics
Healthcare Services
Relevant Teams
Legal
Corporate Advisory
Family Office
Business Development
Operations
Finance
Human Resources
Succession Planning
Risk Management
Compliance
Strategy
Relevant Roles
Family Business Owner
Managing Partner
Business Development Manager
Legal Counsel
Chief Executive Officer
Chief Financial Officer
Operations Manager
Human Resources Manager
Succession Planning Advisor
Family Business Consultant
Corporate Lawyer
Business Advisory Partner
Family Office Manager
Estate Planning Attorney
Partnership Administrator
Find the exact document you need
Technology Partner Agreement
A New Zealand-governed agreement establishing terms and conditions for technology partnerships, covering technical, commercial, and legal aspects of the collaboration.
find out more
Rent Agreement Between Partnership Firm And Individual
A New Zealand-compliant rental agreement between a partnership firm (landlord) and an individual tenant, incorporating partnership-specific provisions and residential tenancy requirements.
find out more
Deed Of Assignment Of Partnership Interest
A New Zealand legal document that formally transfers a partner's interest in a partnership to another party, complying with NZ partnership and property law requirements.
find out more
Deed For Partnership Firm
A New Zealand-governed legal document establishing a business partnership and defining partners' rights, responsibilities, and operational framework.
find out more
Business Partnership Agreement
A New Zealand-governed agreement establishing the terms and conditions between business partners, including rights, responsibilities, and operational framework.
find out more
Limited Partnership Subscription Agreement
A New Zealand-governed agreement facilitating investor subscription and admission to a limited partnership, setting out investment terms and regulatory compliance requirements.
find out more
Partnership Agreement Between Two Companies
A New Zealand-governed agreement establishing a formal partnership between two companies, defining their business relationship, rights, and obligations.
find out more
Venture Capital Partnership Agreement
A New Zealand-governed agreement establishing a venture capital partnership structure, defining relationships between general partners, limited partners, and key operational parameters.
find out more
Reseller Partnership Agreement
A New Zealand-governed agreement establishing the terms for a supplier-reseller commercial relationship, including distribution rights, obligations, and operational parameters.
find out more
Non Binding Partnership Agreement
A New Zealand-compliant framework document outlining proposed partnership terms and structure without creating legally binding obligations between parties.
find out more
Letter Of Intent Partnership Agreement
A preliminary agreement under New Zealand law outlining intended partnership terms and conditions, serving as a framework for negotiation and due diligence.
find out more
Contract For LLC Partnership
A New Zealand-governed agreement establishing an LLC Partnership structure, defining partner rights, responsibilities, and operational framework.
find out more
Accounting Firm Partnership Agreement
A New Zealand-governed agreement establishing the partnership structure, rights, and obligations for an accounting firm's partners.
find out more
Distributorship Contract
A New Zealand-governed agreement establishing terms for product distribution between supplier and distributor, including territorial rights, obligations, and commercial terms.
find out more
Software Distributor Agreement
A New Zealand-governed agreement establishing the terms for software distribution, including licensing, territory rights, and commercial terms.
find out more
Social Media Partnership Agreement
A New Zealand-governed agreement establishing terms and conditions for social media marketing partnerships and content creation activities.
find out more
Partnership Deed
A legal agreement under New Zealand law establishing a partnership between two or more parties, defining their rights, responsibilities, and business relationship.
find out more
Limited Company Partnership Agreement
A New Zealand-governed agreement establishing a partnership structure with a limited company partner, defining rights, obligations, and operational framework under NZ law.
find out more
Legal Partnership Agreement
A New Zealand-governed agreement establishing a formal partnership between two or more parties, defining their rights, responsibilities, and business relationship.
find out more
Domestic Partnership Declaration
A legal document under New Zealand law that formally establishes a domestic partnership between two individuals, defining their rights and obligations.
find out more
Venture Partner Agreement
A New Zealand-governed agreement establishing the terms and conditions between a venture capital firm and a venture partner, including roles, compensation, and investment responsibilities.
find out more
Technology Partnership Agreement
A New Zealand-governed agreement establishing terms and conditions for technology-focused partnerships between organizations, covering IP rights, technical collaboration, and operational procedures.
find out more
Startup Partnership Agreement
A New Zealand-governed agreement establishing the terms and conditions of a startup partnership, including ownership, management, and operational framework.
find out more
Software Partnership Agreement
A New Zealand law-governed agreement establishing terms and conditions for software development and commercialization partnerships between multiple parties.
find out more
Software Partner Agreement
A New Zealand-governed agreement establishing the terms and conditions for software partnership arrangements, including licensing, revenue sharing, and operational requirements.
find out more
Sponsorship Partnership Agreement
A New Zealand-governed agreement that establishes the terms and conditions of a sponsorship partnership, including rights, obligations, and commercial terms.
find out more
Shareholders Agreement Joint Venture
A New Zealand-governed agreement establishing shareholders' rights and obligations in a joint venture company, including governance, operations, and exit provisions.
find out more
Service Partner Agreement
A New Zealand-governed agreement establishing terms and conditions between a company and its service partner for the provision of specified services.
find out more
Simple Limited Partnership Agreement
A New Zealand-governed agreement establishing a limited partnership structure, defining partner relationships and operational framework under local law.
find out more
Revenue Share Partnership Agreement
A New Zealand-governed agreement establishing terms for revenue sharing between partners, including calculation methods and payment terms.
find out more
Restaurant Profit Sharing Agreement
A New Zealand-compliant agreement establishing profit-sharing arrangements between restaurant business stakeholders, including calculation methods and distribution terms.
find out more
Salaried Partner Agreement
A New Zealand law-governed agreement establishing the terms and conditions for appointing a salaried partner in a professional services firm.
find out more
Real Estate Joint Venture Agreement
A New Zealand-governed agreement establishing a joint venture between parties for real estate investment or development, outlining rights, obligations, and profit-sharing arrangements.
find out more
Property Partnership Agreement
A New Zealand-governed agreement establishing a partnership structure for joint property ownership, development, and management.
find out more
Product Partnership Agreement
A New Zealand law-governed agreement establishing terms for product-based partnership between parties, covering distribution rights, quality standards, and commercial terms.
find out more
Preferred Partnership Agreement
A New Zealand-governed agreement establishing preferential partnership terms between parties, including exclusive arrangements and mutual obligations.
find out more
Preferred Partner Agreement
A New Zealand law-governed agreement establishing a preferred partnership arrangement between organizations, defining preferential terms and strategic collaboration frameworks.
find out more
Pre Partnership Agreement
A New Zealand-governed agreement that sets out terms and conditions for parties exploring a potential business partnership, including due diligence and confidentiality provisions.
find out more
Partnership Purchase Agreement
A New Zealand law-governed agreement for the sale and purchase of partnership interests, detailing transaction terms and partner obligations.
find out more
Partnership Contract Agreement
A New Zealand law-governed agreement establishing the terms and conditions for a business partnership, including partner rights, responsibilities, and operational framework.
find out more
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)