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Construction Partnership Agreement
"Need a Construction Partnership Agreement for a joint venture between our construction firm and a specialist engineering company to deliver a large-scale commercial development project in Manchester, with equal profit sharing and specific provisions for BIM implementation."
1. Parties: Identification and details of all partnership members
2. Background: Context of the partnership formation and construction project
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Organization, management and decision-making processes
5. Capital Contributions: Initial and ongoing financial commitments
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Project Management: Construction project execution and management procedures
8. Health and Safety: CDM compliance and safety responsibilities
9. Term and Termination: Duration and termination provisions
1. Intellectual Property: IP rights management, use when significant design work involved
2. Non-Compete: Competition restrictions, use when partners have other business interests
3. Insurance: Specific insurance requirements beyond standard coverage
1. Schedule 1 - Project Details: Specific construction project information and specifications
2. Schedule 2 - Capital Contributions: Detailed breakdown of partner contributions
3. Schedule 3 - Management Structure: Organizational chart and responsibilities
4. Schedule 4 - Insurance Requirements: Required insurance policies and coverage levels
5. Appendix A - Project Timeline: Construction milestones and deadlines
6. Appendix B - Health and Safety Plan: Detailed H&S procedures and responsibilities
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