Ƶ

General Partnership Operating Agreement for Singapore

General Partnership Operating Agreement Template for Singapore

A General Partnership Operating Agreement under Singapore law is a comprehensive legal document that establishes the framework for operating a general partnership. It is governed by the Partnership Act 1890 and related Singapore legislation, setting out the rights, responsibilities, and obligations of partners, including profit sharing, management rights, capital contributions, and operational procedures. The agreement provides crucial protection for all partners by clearly defining their roles and establishing governance mechanisms for the partnership's operation.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a General Partnership Operating Agreement?

The General Partnership Operating Agreement is essential when two or more parties wish to form a partnership in Singapore. It serves as the fouNDAtional document governing the relationship between partners and the operation of their business. This agreement is particularly important as general partnerships in Singapore operate under unlimited liability, making clear operational guidelines crucial. The document typically covers capital contributions, profit sharing, management rights, decision-making processes, and exit procedures, all while complying with Singapore's Partnership Act 1890 and related regulations.

What sections should be included in a General Partnership Operating Agreement?

1. Parties: Identification of all partners and their contact details

2. Background: Context and purpose of forming the partnership

3. Definitions: Key terms used tHRoughout the agreement

4. Partnership Name and Business: Official name and nature of business activities

5. Capital Contributions: Initial and ongoing capital requirements

6. Profit and Loss Sharing: Distribution of profits and allocation of losses

7. Management Rights: Decision-making processes and authority

8. Banking and Financial Matters: Banking arrangements and financial management

9. Term and Termination: Duration and conditions for termination

What sections are optional to include in a General Partnership Operating Agreement?

1. Non-Competition: Restrictions on competing activities - use when partners may have competing interests

2. Intellectual Property: Ownership and use of IP - include when IP is significant to the business

3. Insurance: Required insurance coverage - include for high-risk businesses

4. Dispute Resolution: Process for resolving disagreements - include when partners want specific dispute mechanisms

What schedules should be included in a General Partnership Operating Agreement?

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial contribution

2. Schedule 2: Profit Sharing Ratios: Specific percentages for profit distribution

3. Schedule 3: Partner Details: Complete information about each partner

4. Schedule 4: Business Plan: Initial business plan and projections

5. Appendix A: Partnership Policies: Day-to-day operational policies

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Operating Agreement

Cost

Free to use

Find the exact document you need

Single Member Manager Managed LLC Operating Agreement

A governing agreement for a single-member private limited company in Singapore, structured to function similarly to a US-style LLC.

Download

Real Estate Operating Agreement LLC

A Singapore-law governed agreement establishing operational framework for real estate LLC management and member relationships.

Download

Operating Agreement For LLP

A legal document establishing the governance framework for a Limited Liability Partnership under Singapore law, defining partner relationships and operational structure.

Download

LLC Business Partnership Agreement

A Singapore-law governed agreement establishing the terms and structure of an LLC partnership between multiple parties.

Download

Multi Member Operating Agreement

A Singapore-law governed agreement establishing the structure and governance framework for multi-member limited liability companies.

Download

Manager Managed Operating Agreement

A Singapore-compliant legal agreement establishing the management and operational framework for a manager-managed company structure.

Download

Management Company Operating Agreement

A Singapore-law governed agreement establishing the operational framework and governance structure for a management company.

Download

Basic Operating Agreement

A fouNDAtional document under Singapore law that establishes the operational framework and governance structure for a business entity.

Download

Operating Agreement For Incorporation

A Singapore-compliant legal document establishing the governance structure and operational framework for a newly incorporated company.

Download

Operating Agreement For Corporation

A Singapore-compliant corporate governance framework establishing operational and management protocols for corporations.

Download

Members Agreement For LLC

A legally binding agreement governing member relationships and operations in a Singapore-based LLC, compliant with local company law.

Download

Management Agreement Between Two Companies

A Singapore-law governed agreement establishing terms for management services between two companies.

Download

LLC Equity Agreement

A legal agreement governing equity ownership and transfer in Singapore LLCs, compliant with Singapore Companies Act and related legislation.

Download

Limited Liability Agreement

A Singapore-law governed agreement establishing liability limitations and risk allocation between contracting parties.

Download

Limited Company Agreement

A Singapore-governed agreement establishing the framework for operating and managing a private limited company.

Download

Joint Operation Contract

A Singapore-law governed agreement establishing terms for joint business operations between multiple entities while maintaining their separate legal identities.

Download

Joint Operation Agreement

A Singapore-law governed agreement establishing the framework for joint business operations between multiple parties, defining their rights, responsibilities, and operational structure.

Download

Joint Operating Agreement

A contractual framework under Singapore law governing joint operations between multiple parties, establishing rights, obligations, and management procedures.

Download

General Partnership Operating Agreement

A Singapore-law governed agreement establishing the framework for operating a general partnership, defining partners' rights and responsibilities.

Download

Asset Protection LLC Operating Agreement

A Singapore-compliant operating agreement establishing an asset protection structure with governance framework and protective measures.

Download

Limited Liability Company LLC Operating Agreement

A Singapore-compliant operating agreement establishing the governance structure and member rights for a private limited company.

Download

Single Member Managed LLC Operating Agreement

A governing document for single-owner private limited companies in Singapore, establishing operational and management frameworks under Singapore law.

Download

Limited Liability Operating Agreement

A Singapore-law governed agreement establishing the operational framework and partner relationships within a Limited Liability Partnership.

Download

Real Estate Holding Company Operating Agreement

A Singapore-law governed operating agreement establishing the structure and governance of a real estate holding company.

Download

Member Managed Operating Agreement

A Singapore-compliant legal agreement establishing governance and operational framework for member-managed Limited Liability Partnerships.

Download

Operating Agreement For Member Managed Limited Liability Company

A legal document governing the operation and management of a member-managed LLC under Singapore law.

Download

Limited Liability Company Operating Agreement Single Member

A Singapore-governed operating agreement establishing the structure and rules for a single-member limited liability company.

Download

Bylaws Operating Agreement

A Singapore-law governed document establishing internal management rules and operational framework for company governance.

Download

LLC Shareholder Agreement

A legally binding agreement governing shareholder relationships in a Singapore Private Limited Company, aligned with Singapore corporate law.

Download
See more related templates

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