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Framework Partnership Agreement Template for England and Wales

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Key Requirements PROMPT example:

Framework Partnership Agreement

"Need a Framework Partnership Agreement for a tech consortium of three software companies collaborating on AI development projects, with specific focus on IP protection and profit-sharing mechanisms, to be effective from March 2025."

Document background
The Framework Partnership Agreement is designed for situations where multiple parties wish to establish a long-term collaborative relationship while maintaining flexibility for specific projects. This agreement, governed by English and Welsh law, provides the overarching structure for the partnership while allowing for detailed arrangements to be agreed upon through subsequent project-specific agreements. It typically includes provisions for governance, profit-sharing, intellectual property rights, and risk allocation, making it particularly suitable for complex business relationships requiring a balanced approach to risk and reward.
Suggested Sections

1. Parties: Identification and details of all partnership parties

2. Background: Context and purpose of the partnership arrangement

3. Definitions: Key terms used throughout the agreement

4. Partnership Structure: Governance and management arrangements

5. Term and Termination: Duration and conditions for ending the partnership

6. Financial Arrangements: Profit sharing, costs, and financial obligations

7. Obligations and Responsibilities: Core duties of each partner

Optional Sections

1. Intellectual Property Rights: Provisions governing creation, ownership, and use of IP within the partnership. Include when IP is material to partnership activities

2. Data Protection: Provisions ensuring compliance with UK GDPR and Data Protection Act 2018. Include when personal data is processed

3. Competition Compliance: Anti-trust provisions and compliance measures. Include when partners are competitors or in regulated industries

Suggested Schedules

1. Business Plan: Detailed operational plans and objectives of the partnership

2. Financial Model: Profit sharing calculations and financial projections

3. Service Levels: Performance metrics and standards for partnership activities

4. Governance Procedures: Detailed management and decision-making processes

5. Partner Contributions: List of initial and ongoing contributions by each partner

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries
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Industries

Partnership Act 1890: Core legislation defining partnerships, establishing basic rights and obligations between partners, and providing default provisions when matters are not explicitly addressed in the agreement

Companies Act 2006: Governs corporate partners, including registration requirements, disclosure obligations, and directors' duties for corporate entities involved in the partnership

Law of Property (Miscellaneous Provisions) Act 1989: Fundamental contract law legislation affecting formation and execution of partnership agreements

Unfair Contract Terms Act 1977: Regulates unfair terms in contracts and establishes limits on exclusion clauses in partnership agreements

Consumer Rights Act 2015: Relevant if the partnership has consumer-facing activities, protecting consumer interests and rights

Competition Act 1998: Ensures partnership agreements comply with competition law and don't create anti-competitive practices

Enterprise Act 2002: Additional competition law considerations and market regulation affecting partnerships

UK GDPR: Data protection requirements for handling personal data within the partnership structure

Data Protection Act 2018: UK's implementation of data protection principles, complementing UK GDPR requirements

Employment Rights Act 1996: Governs employment aspects if partnership involves shared employees or employment relationships

Equality Act 2010: Ensures non-discrimination and equal treatment in partnership operations and employment

Copyright, Designs and Patents Act 1988: Protects intellectual property rights within the partnership structure

Trade Marks Act 1994: Governs trademark protection and usage within the partnership arrangement

Financial Services and Markets Act 2000: Applicable if partnership involves regulated financial activities or services

Money Laundering Regulations 2017: Compliance requirements for partnerships operating in regulated sectors regarding anti-money laundering measures

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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