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Event Management Partnership Agreement Template for India

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Key Requirements PROMPT example:

Event Management Partnership Agreement

"I need an Event Management Partnership Agreement for a joint venture between my corporate events company and a technical production company in Mumbai, with specific focus on hybrid events and profit sharing ratio of 60:40."

Document background
The Event Management Partnership Agreement is essential for parties looking to collaborate in India's growing event management industry. This document is typically used when two or more entities decide to combine their expertise, resources, and business networks to provide comprehensive event management services. The agreement, governed by Indian law, particularly the Indian Partnership Act, 1932, establishes the framework for joint operations, profit sharing, and risk allocation. It addresses crucial aspects such as service scope, operational procedures, financial arrangements, and compliance requirements specific to event management in various Indian states. The document is particularly relevant in today's context where event management services are becoming increasingly specialized and partnerships are crucial for delivering comprehensive solutions to clients.
Suggested Sections

1. Parties: Identification and details of the partnering entities

2. Background: Context of the partnership formation and business objectives

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Structure: Details of partnership type, profit sharing ratios, and capital contributions

5. Scope of Services: Comprehensive outline of event management services covered under the partnership

6. Roles and Responsibilities: Specific duties and obligations of each partner

7. Financial Arrangements: Revenue sharing, expense allocation, accounting procedures, and banking arrangements

8. Operational Management: Day-to-day management procedures, decision-making processes, and authority levels

9. Intellectual Property: Ownership and usage rights of partnership's IP, including event concepts and branding

10. Confidentiality: Protection of confidential information and trade secrets

11. Term and Termination: Duration of partnership and conditions for termination

12. Dispute Resolution: Procedures for resolving disputes between partners

13. General Provisions: Standard clauses including notices, amendments, governing law, and jurisdiction

Optional Sections

1. Non-Compete: Restrictions on partners engaging in competing business activities - include when partners have other event management interests

2. Insurance: Specific insurance requirements - include for high-risk events or venue-specific requirements

3. Staff Management: Procedures for hiring and managing joint employees - include when partnership will have dedicated staff

4. Sustainability Practices: Environmental and social responsibility guidelines - include for eco-friendly or socially conscious event management

5. Force Majeure: Provisions for unforeseen circumstances - particularly relevant post-COVID or for outdoor events

6. Digital Rights: Management of online events and digital content - include for hybrid or virtual events

Suggested Schedules

1. Schedule A - Service Categories: Detailed list of event types and specific services offered

2. Schedule B - Fee Structure: Comprehensive pricing models and payment terms for different event types

3. Schedule C - Standard Operating Procedures: Detailed operational workflows and quality standards

4. Schedule D - Vendor List: Pre-approved vendors and supplier relationships

5. Schedule E - Equipment Inventory: List of partnership-owned event equipment and usage terms

6. Appendix 1 - Insurance Requirements: Detailed insurance coverage requirements and procedures

7. Appendix 2 - Compliance Checklist: List of required permits, licenses, and regulatory compliance requirements

8. Appendix 3 - Emergency Procedures: Emergency response protocols and crisis management procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






































Clauses



































Relevant Industries

Entertainment

Hospitality

Corporate Services

Media & Events

Tourism

Food & Beverage

Technology

Marketing & Advertising

Education & Training

Sports & Recreation

Relevant Teams

Legal

Operations

Business Development

Finance

Compliance

Project Management

Account Management

Production

Marketing

Risk Management

Relevant Roles

Event Manager

Business Development Director

Operations Manager

Legal Counsel

Partnership Manager

Chief Executive Officer

Chief Operating Officer

Financial Controller

Compliance Officer

Project Manager

Account Manager

Venue Relations Manager

Event Production Director

Marketing Director

Risk Management Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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