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Addendum To Partnership Agreement
"I need an Addendum To Partnership Agreement to add two new partners to our consulting firm and modify the profit-sharing arrangement, with the changes to take effect from March 1, 2025, under Singapore law."
1. Parties: Identification of all parties to the addendum including existing and any new partners
2. Background: Reference to original partnership agreement, date of execution, and reason for the addendum
3. Definitions: Key terms used in the addendum and any modifications to original definitions
4. Amendments: Specific modifications to the original agreement, clearly stating which clauses are being modified
5. Effect on Original Agreement: Statement confirming all other terms of the original agreement remain in full force and effect
6. Execution: Signature blocks and execution details for all parties
1. Additional Partners: Section detailing the admission of new partners, their rights, obligations, and capital contributions
2. Capital Contributions: Section specifying changes to partnership capital structure and partner investments
3. Profit Sharing: Modifications to profit and loss distribution arrangements between partners
4. Management Rights: Changes to management structure, voting rights, or decision-making processes
1. Schedule of Amendments: Detailed list of specific clauses being modified with original and new text
2. Updated Partner Information: Complete details of all partners including contact information and ownership percentages
3. Revised Capital Contributions: Updated schedule showing all partner investments and capital account balances
4. Consent Documents: Copies of any required third-party consents, regulatory approvals, or supporting documentation
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