The Managing Partner Agreement is a crucial document used when appointing or promoting a partner to the role of managing partner within a partnership structure in Hong Kong. It serves to formally document the enhanced rights, responsibilities, and authority granted to the managing partner while ensuring compliance with Hong Kong's Partnership Ordinance and related regulatory requirements. This agreement is particularly important as it establishes the governance framework for the partnership, including decision-making powers, profit sharing mechanisms, capital requirements, and management responsibilities. The document typically becomes necessary during partnership formation, leadership transitions, or restructuring of existing partnerships, and must be carefully tailored to reflect both the specific needs of the partnership and the requirements of Hong Kong's legal framework.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies the partnership entity and the managing partner
2. Background: Context of the agreement and partnership structure
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment as managing partner and duration
5. Duties and Responsibilities: Core responsibilities and scope of authority as managing partner
6. Partnership Capital Contribution: Details of required capital contribution and terms
7. Profit Sharing and Drawings: Framework for profit distribution and partner drawings
8. Management Rights: Scope of management authority and decision-making powers
9. Meetings and Voting: Procedures for partnership meetings and voting rights
10. Financial Reporting: Obligations regarding financial management and reporting
11. Confidentiality: Protection of partnership's confidential information
12. Non-Competition: Restrictions on competing activities
13. Termination: Grounds and procedures for terminating the managing partner relationship
14. Exit Provisions: Process and terms for managing partner's exit
15. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction
1. Intellectual Property Rights: Required when the partnership deals with significant IP assets or creation
2. International Operations: Needed for partnerships with cross-border operations
3. Insurance and Indemnification: Detailed insurance requirements and indemnification provisions
4. Alternative Dispute Resolution: Specific procedures for mediation or arbitration
5. Family Members and Succession: Relevant for family partnerships or succession planning
6. Partnership Property Usage: Rules for use of specific partnership assets or property
7. Marketing and Business Development: Specific obligations for business growth and marketing
8. Professional Development: Requirements for maintaining professional qualifications
1. Schedule 1 - Capital Contribution Details: Detailed breakdown of managing partner's capital contribution
2. Schedule 2 - Profit Sharing Formula: Detailed calculation method for profit sharing
3. Schedule 3 - Management Powers Matrix: Detailed breakdown of specific management powers and limitations
4. Schedule 4 - Performance Metrics: Specific KPIs and performance evaluation criteria
5. Schedule 5 - Partnership Assets: List of key partnership assets under management
6. Schedule 6 - Approved External Activities: List of pre-approved external business activities
7. Appendix A - Partnership Structure Chart: Organizational structure and reporting lines
8. Appendix B - Financial Reporting Templates: Standard formats for required financial reports
Find the exact document you need
Vacation Rental Management Contract
A Hong Kong-governed agreement between property owners and management companies for vacation rental property management services.
Download
Agreement To Arbitrate Disputes
A Hong Kong law-governed agreement establishing binding arbitration as the parties' chosen method of dispute resolution.
Download
Managing Partner Agreement
A Hong Kong law-governed agreement defining the rights, duties, and relationship between a partnership and its managing partner.
Download
International Agency Agreement
Hong Kong law-governed agreement establishing and regulating a commercial agency relationship between a principal and agent for international business activities.
Download
Consulting SOW
A Hong Kong-governed document detailing specific consulting services, deliverables, and terms for a defined project or engagement.
Download
Binding Agreement Contract
A legally binding agreement governed by Hong Kong law that establishes formal contractual relations between parties, incorporating local legal requirements and business practices.
Download
Mutual Agreement To Terminate Employment
A Hong Kong law-governed agreement documenting the mutual consent between employer and employee to terminate employment, outlining separation terms and final settlements.
Download
Employee Appraisal Form
A Hong Kong-compliant employee performance evaluation form for structured assessment of work performance, achievements, and development needs.
Download
Domestic Agreement
A legal document governed by Hong Kong law that establishes rights and responsibilities between parties in a domestic living arrangement.
Download
Employee Arbitration Agreement
A Hong Kong law-governed agreement establishing arbitration as the method for resolving employment disputes.
Download
Arbitration Submission Agreement
A Hong Kong law-governed agreement between parties to submit an existing dispute to arbitration, establishing the framework for arbitration proceedings under Hong Kong law.
Download
Arbitration Settlement Agreement
A Hong Kong law-governed agreement documenting settlement terms and mutual releases to resolve an arbitration dispute.
Download
Arbitration Contract
A Hong Kong law-governed agreement establishing binding arbitration as the dispute resolution mechanism, typically incorporating HKIAC rules and procedures.
Download
Arbitration Confidentiality Agreement
A Hong Kong law-governed agreement establishing confidentiality obligations and information protection measures for parties involved in arbitration proceedings.
Download
Applicable Law Arbitration Agreement
A Hong Kong law-governed arbitration agreement establishing a framework for resolving disputes through arbitration under Hong Kong's well-established arbitration regime.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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