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Managing Partner Contract
"Need a Managing Partner Contract for our Singapore-based law firm to appoint a new managing partner effective March 2025, with specific focus on international expansion and client development responsibilities."
1. Parties: Identification of the partnership and incoming managing partner
2. Background: Context of the appointment and partnership structure
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment and duration
5. Duties and Responsibilities: Scope of managing partner role and key responsibilities
6. Remuneration: Compensation structure and profit sharing arrangements
7. Management Rights: Decision-making authority, limitations, and governance structure
8. Termination: Grounds for termination and process
9. Confidentiality: Protection of partnership confidential information
10. Governing Law: Singapore law provisions and jurisdiction
1. Non-compete: Restrictions on competitive activities post-partnership termination
2. Intellectual Property: IP rights, ownership, and transfer provisions
3. International Operations: Provisions for cross-border responsibilities and operations
4. Professional Indemnity: Professional liability and insurance requirements
5. Dispute Resolution: Mediation and arbitration procedures
1. Schedule 1 - Partnership Deed: Copy of existing partnership agreement
2. Schedule 2 - Profit Sharing Formula: Detailed calculation method for profit distribution
3. Schedule 3 - Key Performance Indicators: Performance metrics and targets for the managing partner
4. Schedule 4 - Insurance Requirements: Required professional indemnity and other insurance details
5. Schedule 5 - Powers of Attorney: Specific powers granted to the managing partner
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