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Preliminary Partnership Agreement
"I need a Preliminary Partnership Agreement for a Hong Kong technology startup partnership between my software development company and an AI research firm, with plans to finalize the full partnership by March 2025 and including specific provisions for IP protection and future external funding."
1. Parties: Identification and details of all prospective partners, including full legal names, addresses, and registration details for corporate partners
2. Background: Context of the partnership formation, including the general business purpose and intentions of the parties
3. Definitions: Key terms used throughout the agreement, ensuring clear interpretation
4. Partnership Structure: Basic framework of the partnership, including partnership type and preliminary management structure
5. Business Purpose: Detailed description of the intended business activities and scope
6. Initial Capital Contributions: Preliminary commitments for capital contributions from each partner
7. Profit and Loss Sharing: Preliminary agreement on how profits and losses will be shared
8. Management and Decision Making: Basic framework for partnership management and decision-making processes
9. Duration and Timeline: Timeline for finalizing the full partnership agreement and any key milestones
10. Confidentiality: Obligations regarding confidential information shared during the preliminary phase
11. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction
12. Signing and Execution: Execution provisions and signature blocks
1. Intellectual Property: Required when partners are bringing existing IP into the partnership or if IP will be developed during the preliminary phase
2. Non-Competition: Include when partners have competing business interests or there's a risk of competition during the preliminary phase
3. Due Diligence: Include when partners need to conduct investigations or verify information before finalizing the partnership
4. Break Fee: Include when parties want to specify compensation if one party withdraws from the preliminary agreement
5. External Funding: Required when the partnership anticipates seeking external funding during the preliminary phase
6. Regulatory Approvals: Include when the partnership requires specific licenses or regulatory approvals to operate
1. Schedule 1 - Partner Information: Detailed information about each partner, including contact details and representative information
2. Schedule 2 - Initial Capital Commitments: Detailed breakdown of preliminary capital commitments, including timing and form of contributions
3. Schedule 3 - Business Plan Overview: High-level business plan and strategic objectives for the partnership
4. Schedule 4 - Key Assets: List of key assets each partner will contribute or make available to the partnership
5. Appendix A - Required Regulatory Filings: List of necessary regulatory filings and registrations for the partnership in Hong Kong
6. Appendix B - Timeline and Milestones: Detailed timeline for partnership formation and key milestones to be achieved
Authors
Professional Services
Retail
Technology
Manufacturing
Financial Services
Real Estate
Construction
Healthcare
Education
Consulting
Import/Export
Food and Beverage
Legal
Finance
Corporate Development
Business Development
Compliance
Operations
Executive Leadership
Risk Management
Corporate Secretarial
Chief Executive Officer
Managing Director
Business Development Manager
Legal Counsel
Chief Financial Officer
Partnership Manager
Business Owner
Company Director
Corporate Lawyer
Finance Director
Operations Manager
Compliance Officer
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