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The Equity Partnership Agreement is essential for businesses operating in Ireland where two or more parties wish to formalize their business relationship through a partnership structure with defined equity stakes. This document is particularly crucial when establishing professional practices, joint ventures, or family businesses where partners contribute different levels of capital, expertise, or resources. The agreement must comply with Irish partnership law, particularly the Partnership Act 1890, while addressing modern business needs such as intellectual property rights, digital assets, and contemporary governance structures. It should be used when partners need to clearly define their equity stakes, profit-sharing arrangements, management rights, and exit provisions. The document typically includes detailed provisions for capital contributions, valuation methodologies, decision-making processes, and dispute resolution mechanisms, making it suitable for both small professional practices and larger business partnerships.

1. Parties: Identification and details of all partners entering the agreement

2. Background: Context of the partnership formation, including any existing business arrangements or assets being contributed

3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty

4. Partnership Structure: Legal form of partnership, business purpose, and principal place of business

5. Capital Contributions: Initial and ongoing capital contributions, valuation methods, and timing

6. Profit and Loss Sharing: Distribution of profits and losses, drawing rights, and calculation methods

7. Management and Decision Making: Governance structure, voting rights, and decision-making processes

8. Partner Rights and Obligations: Detailed responsibilities, commitments, and expectations of all partners

9. Transfer of Partnership Interests: Rules regarding sale, transfer, or encumbrance of partnership interests

10. Admission of New Partners: Process and conditions for admitting additional partners

11. Exit Provisions: Terms for voluntary withdrawal, retirement, or forced exit of partners

12. Death or Incapacity: Procedures following death or incapacity of a partner

13. Dissolution and Winding Up: Circumstances triggering dissolution and process for winding up

14. Confidentiality: Protection of partnership's confidential information and trade secrets

15. Dispute Resolution: Mechanisms for resolving partner disputes and applicable jurisdiction

16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law