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Business Development Partnership Agreement Template for United States

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Key Requirements PROMPT example:

Business Development Partnership Agreement

"I need a Business Development Partnership Agreement to formalize a collaboration between my software company and a marketing agency, where we'll share leads and split revenue 60/40 for any deals closed through their network, starting March 2025."

Document background
The Business Development Partnership Agreement serves as a crucial legal framework for organizations seeking to formalize collaborative business development initiatives under U.S. law. This document is essential when companies wish to leverage each other's strengths, expand market reach, or jointly pursue new business opportunities. It addresses key aspects such as revenue sharing, territorial rights, performance metrics, and protection of intellectual property while ensuring compliance with federal and state partnership regulations. The agreement is particularly valuable for establishing clear expectations, minimizing potential disputes, and creating a sustainable foundation for long-term business development cooperation.
Suggested Sections

1. Parties: Identification and details of the partnering entities

2. Background: Context and purpose of the partnership agreement

3. Definitions: Key terms used throughout the agreement

4. Partnership Structure: Legal structure and nature of the partnership

5. Roles and Responsibilities: Detailed obligations of each partner

6. Term and Termination: Duration and conditions for ending the partnership

7. Financial Arrangements: Revenue sharing, costs, and financial obligations

8. Confidentiality: Protection of sensitive information

9. Governing Law: Applicable jurisdiction and legal framework

Optional Sections

1. Intellectual Property Rights: Provisions for ownership, use, and protection of intellectual property created or shared during the partnership

2. Non-Compete: Restrictions on competitive activities between partners and after partnership termination

3. Insurance: Requirements for insurance coverage and liability protection

4. Force Majeure: Provisions for handling unforeseen circumstances and events beyond parties' control

Suggested Schedules

1. Schedule A - Business Plan: Detailed strategy, objectives, and implementation plan for the partnership

2. Schedule B - Financial Projections: Expected revenue, cost forecasts, and financial models

3. Schedule C - Territory Schedule: Defined geographic areas covered by the partnership agreement

4. Schedule D - Service Level Agreement: Performance metrics, standards, and service delivery requirements

5. Schedule E - Contact Details: List of key personnel and communication protocols

6. Schedule F - 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

Clauses






























Industries

Uniform Partnership Act (UPA): Federal legislation that governs the formation, operation, and dissolution of partnerships in the United States

Securities Exchange Act: Federal law that regulates securities trading and may apply if partnership interests are considered securities

Internal Revenue Code: Federal tax regulations governing partnership taxation and profit distribution

Antitrust Laws: Sherman Act and Clayton Act provisions governing competition and preventing monopolistic practices

Federal Trade Commission Act: Regulations concerning fair business practices and consumer protection

Intellectual Property Laws: Federal laws governing patents, copyrights, and trademarks that may affect partnership assets

State Partnership Acts: State-specific legislation governing partnership formation and operation within individual states

State Business Codes: State-level regulations for business operations and compliance requirements

Uniform Commercial Code: Standardized state laws governing commercial transactions and contracts

Employment Laws: Federal and state regulations including Fair Labor Standards Act and Equal Employment Opportunity laws

Data Protection Laws: Federal and state requirements for data privacy, cybersecurity, and information protection

Industry-Specific Regulations: Sector-specific compliance requirements depending on the business domain

Contract Formation Elements: Essential components including partnership structure, profit sharing, decision-making authority, and governance

Protective Provisions: Legal clauses covering confidentiality, non-compete agreements, and intellectual property rights

Dispute Resolution Framework: Legal mechanisms for conflict resolution, liability allocation, and partnership dissolution procedures

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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