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Two Company Partnership Agreement Template for Singapore

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Key Requirements PROMPT example:

Two Company Partnership Agreement

"Need a Two Company Partnership Agreement under Singapore law for a tech development partnership between my software company and a hardware manufacturer, with specific IP protection clauses and a profit-sharing model that allocates 60/40 based on investment contribution, starting March 2025."

Document background
The Two Company Partnership Agreement is essential for businesses seeking to formalize collaborative ventures in Singapore. This document is particularly relevant when companies wish to combine resources, expertise, or market presence while maintaining their separate legal identities. It addresses key aspects such as profit sharing, operational responsibilities, intellectual property rights, and risk allocation, all within Singapore's legal framework. The agreement serves as a foundational document that provides clarity and legal protection for both parties while ensuring compliance with local regulations and business practices.
Suggested Sections

1. Parties: Identification and details of both companies entering the partnership

2. Background: Context and purpose of the partnership agreement

3. Definitions: Key terms used throughout the agreement

4. Partnership Scope: Detailed description of partnership activities and limitations

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

6. Financial Arrangements: Revenue sharing, costs, and financial responsibilities

7. Obligations and Responsibilities: Duties and commitments of each party

Optional Sections

1. Intellectual Property Rights: Provisions governing IP ownership, usage rights, and protection when partnership involves creation or sharing of IP

2. Non-Competition: Restrictions on competitive activities when partners operate in same or similar markets

3. International Operations: Rules and regulations for cross-border activities when partnership involves international operations

4. Data Protection: Data handling and privacy obligations when partnership involves personal data processing

Suggested Schedules

1. Business Plan: Detailed operational and strategic plans for the partnership

2. Financial Terms Schedule: Detailed breakdown of financial arrangements, revenue sharing, and cost allocation

3. Service Level Agreement: Performance metrics and service standards for partnership operations

4. Key Personnel Schedule: List of key staff involved in partnership management and operations

5. IP Register: Comprehensive list of intellectual property assets involved in the partnership

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



































Industries

Partnership Act (Chapter 391): Primary legislation governing partnerships in Singapore, providing fundamental principles that may be relevant even for company partnerships

Companies Act (Chapter 50): Core legislation governing company operations, responsibilities, and inter-company relationships in Singapore

Contract Law (Application of Laws) Act: Fundamental legislation governing contract formation, enforcement, and interpretation in Singapore

Competition Act (Chapter 50B): Ensures the partnership agreement doesn't create anti-competitive practices or monopolistic situations

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data if handled within the partnership

Copyright Act: Protects and governs the sharing of copyrighted materials between partnering companies

Trade Marks Act: Regulates the use and sharing of trademarks between partnership entities

Patents Act: Governs the handling and sharing of patented technologies or innovations within the partnership

Business Registration Act: Regulates business registration requirements and compliance for partnerships

Income Tax Act: Governs taxation implications of the partnership arrangement and profit sharing

Goods and Services Tax Act: Regulates GST implications for transactions between partnering companies

Stamp Duties Act: Governs stamp duty obligations for partnership agreements and related documents

International Arbitration Act: Relevant for dispute resolution mechanisms if including international arbitration clauses

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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