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Partnership Contract Agreement
"Need a Partnership Contract Agreement for a new software development venture in Singapore between three partners, with specific provisions for intellectual property rights and a 70-20-10 profit sharing structure, to be effective from March 2025."
1. Parties: Identification and details of all partners entering the agreement
2. Background: Context and purpose of the partnership formation
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Nature of partnership, ownership percentages, and capital contributions
5. Management and Decision Making: Partner roles, voting rights, and operational procedures
6. Financial Arrangements: Profit sharing, losses, accounting procedures, and banking arrangements
7. Duration and Termination: Partnership term and conditions for dissolution
1. Non-Competition: Restrictions on competing activities - used when partners may have competing interests or businesses
2. Intellectual Property Rights: Ownership and use of IP within partnership - used when IP is significant to the business
3. Insurance: Required insurance coverage - used for high-risk businesses or regulatory requirements
4. International Operations: Cross-border business provisions - used when partnership operates internationally
1. Schedule 1: Capital Contributions: Detailed breakdown of partners' initial and ongoing capital contributions
2. Schedule 2: Profit Sharing Formula: Detailed calculation method for profit distribution
3. Schedule 3: Partner Details: Complete partner information including contact details
4. Schedule 4: Business Plan: Initial business plan and strategic objectives
5. Appendix A: Partnership Policies: Internal policies and procedures
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