Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Co Ownership Business Agreement
"I need a Co-Ownership Business Agreement for a technology consulting firm in Auckland with three equal partners, including specific provisions for profit-sharing based on individual performance and a clause allowing for bringing in new partners after January 2025."
1. Parties: Identifies all co-owners with their full legal names and addresses
2. Background: Outlines the context of the agreement, including the business nature and co-owners' intention to jointly own and operate the business
3. Definitions: Defines key terms used throughout the agreement
4. Ownership Structure: Details the ownership percentages and capital contributions of each co-owner
5. Business Operations: Establishes how the business will be managed, including decision-making processes and voting rights
6. Financial Management: Covers financial obligations, profit distribution, and accounting requirements
7. Rights and Obligations: Specifies the rights and responsibilities of each co-owner
8. Decision Making: Details the process for making business decisions, including voting thresholds for different types of decisions
9. Transfer of Ownership: Establishes rules for transferring ownership interests, including first right of refusal
10. Dispute Resolution: Outlines the process for resolving disputes between co-owners
11. Term and Termination: Specifies the agreement duration and circumstances for termination
12. General Provisions: Includes standard legal clauses such as governing law, notices, and amendments
1. Intellectual Property: Required when the business owns or develops significant IP assets
2. Non-Competition: Include when co-owners want to restrict their ability to compete with the business
3. Death or Incapacity: Important when co-owners want specific provisions for succession planning
4. Insurance Requirements: Include when specific insurance coverage is required for the business or co-owners
5. Employment of Co-owners: Needed when co-owners will also be employees of the business
6. External Financing: Include when the business anticipates taking on external debt or investment
7. Property Management: Required when the business owns or leases significant physical assets
8. Confidentiality: Include when there's sensitive business information to protect
1. Schedule 1: Capital Contributions: Detailed list of initial and subsequent capital contributions by each co-owner
2. Schedule 2: Business Assets: Comprehensive inventory of business assets and their agreed values
3. Schedule 3: Ownership Percentages: Current ownership structure and any historical changes
4. Schedule 4: Management Structure: Detailed outline of management roles and responsibilities
5. Schedule 5: Distribution Policy: Specific rules and formulas for profit distribution
6. Appendix A: Business Plan: Initial business plan and strategy
7. Appendix B: Valuation Method: Agreed methodology for valuing the business and ownership shares
8. Appendix C: Required Insurances: List of required insurance policies and coverage levels
Authors
Retail
Professional Services
Manufacturing
Technology
Hospitality
Construction
Real Estate
Healthcare
Agriculture
Education
Consulting
Creative Industries
Food and Beverage
Transportation and Logistics
Legal
Executive Leadership
Finance
Corporate Governance
Business Development
Operations
Compliance
Risk Management
Strategy
Business Owner
Managing Director
Chief Executive Officer
Company Director
Business Partner
General Counsel
Legal Counsel
Chief Financial Officer
Corporate Lawyer
Business Development Manager
Operations Manager
Partnership Manager
Company Secretary
Financial Controller
Find the exact document you need
Joint Home Ownership Agreement
A New Zealand law-governed agreement establishing terms and conditions for joint property ownership between multiple parties.
Co Owner Business Contract
A New Zealand-governed agreement establishing the terms and conditions of business co-ownership between multiple parties.
Shared Ownership Contract
A New Zealand-compliant legal agreement establishing shared property ownership arrangements, defining rights, responsibilities, and obligations between multiple owners.
Co Ownership Business Agreement
A New Zealand-governed agreement establishing the terms and conditions for joint ownership and operation of a business between multiple parties.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s 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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.