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Partnership Shareholder Agreement
"I need a Partnership Shareholder Agreement for a new tech consulting firm with three founding partners, where we'll each own equal shares but have different roles in management, and we need strong provisions for future expansion and bringing in new partners by January 2025."
1. Parties: Details of all partners and shareholders
2. Background: Context of partnership formation and business objectives
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal structure, ownership percentages, capital contributions
5. Management and Decision Making: Governance structure, voting rights, reserved matters
6. Financial Provisions: Profit sharing, losses, drawings, accounts
7. Transfer of Shares: Process for transferring ownership interests
8. Exit Provisions: Partner retirement, death, incapacity procedures
1. Non-Compete Provisions: Restrictions on competing activities - used when partners may have access to sensitive information or client relationships
2. Intellectual Property Rights: Ownership and use of IP - included when the partnership creates or uses significant IP
3. International Operations: Cross-border activities and governance - for partnerships operating in multiple jurisdictions
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of partners' initial investments
2. Schedule 2: Reserved Matters: List of decisions requiring special approval
3. Schedule 3: Valuation Methodology: Agreed method for valuing partnership interests
4. Appendix A: Business Plan: Initial business plan and strategy
5. Appendix B: Partner Details: Detailed information about each partner
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