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International Business Partnership Agreement
"I need an International Business Partnership Agreement for a technology joint venture between our UK-based software company and a Singapore-based AI firm, with specific provisions for IP sharing and joint product development starting from March 2025."
1. Parties: Identification and details of all partnership parties
2. Background: Context and purpose of the partnership agreement
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal form and nature of the partnership
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 levels
8. Term and Termination: Duration and conditions for ending the partnership
1. Intellectual Property Rights: IP ownership and licensing terms - include when IP is relevant to the partnership
2. Non-Competition: Restrictions on competing activities - include when partners operate in similar markets
3. Force Majeure: Provisions for unforeseen circumstances - include in long-term partnerships with significant obligations
1. Schedule 1: Business Plan: Detailed business objectives and strategies
2. Schedule 2: Capital Contributions: Detailed breakdown of initial and planned contributions
3. Schedule 3: Profit Sharing Formulas: Detailed calculations for profit distribution
4. Appendix A: Partner Details: Complete information about each partner
5. Appendix B: Asset Register: List of partnership assets and their ownership
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