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Partnership Deed Online
"I need a Partnership Deed Online for a technology consulting firm in Dubai with three partners (two UAE nationals and one British expatriate), where we'll have different profit-sharing ratios based on capital contribution, and we need to include specific clauses about intellectual property rights and remote work arrangements."
1. Parties: Details of all partners entering into the partnership agreement, including full legal names, addresses, and nationality
2. Background: Context of the partnership formation and brief description of the intended business
3. Definitions: Definitions of key terms used throughout the partnership deed
4. Partnership Name and Business: Official name of the partnership and detailed description of its business activities
5. Term and Commencement: Duration of the partnership and its start date
6. Capital Contribution: Details of initial and any agreed future capital contributions from each partner
7. Partnership Interests: Percentage of ownership interest held by each partner
8. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners
9. Management and Decision Making: Structure for partnership management and process for making business decisions
10. Partners' Rights and Obligations: Detailed rights and responsibilities of all partners
11. Banking and Financial Matters: Arrangements for banking, accounting, and financial management
12. Meetings and Resolutions: Procedures for partner meetings and passing resolutions
13. Restrictions on Partners: Non-compete and other restrictive covenants
14. Transfer of Partnership Interest: Rules and procedures for transferring partnership interests
15. Dissolution and Termination: Circumstances and procedures for partnership dissolution
16. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
17. Notices: Process for giving formal notices under the deed
18. Electronic Execution: Provisions for online execution and digital signatures
1. Intellectual Property Rights: Required when the partnership will develop or use significant IP assets
2. Good Faith and Fair Dealing: Additional protection for partners in complex business relationships
3. Force Majeure: Needed when partners want specific provisions for handling unforeseen circumstances
4. Anti-Money Laundering Compliance: Required for partnerships in financial services or high-risk sectors
5. Environmental Compliance: Necessary for partnerships operating in environmentally sensitive industries
6. Shariah Compliance: Required for partnerships operating under Islamic banking principles
7. Data Protection: Needed when partnership handles personal or sensitive data
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule 2 - Business Plan: Initial business plan and objectives of the partnership
3. Schedule 3 - Partner Information: Detailed information about each partner including contact details and representatives
4. Schedule 4 - Management Procedures: Detailed procedures for day-to-day management and decision-making
5. Schedule 5 - Accounting Policies: Agreed accounting principles and procedures
6. Appendix A - Form of Transfer Deed: Template for executing transfer of partnership interests
7. Appendix B - Partner Resolution Templates: Standard templates for partner resolutions
Authors
Professional Services
Trading
Retail
Real Estate
Construction
Technology
Food & Beverage
Manufacturing
Consulting
Healthcare
Education
Tourism & Hospitality
Financial Services
Media & Entertainment
Import/Export
Logistics
Legal
Finance
Corporate Governance
Compliance
Risk Management
Business Development
Operations
Management
Corporate Affairs
Partner Relations
Investment
Strategic Planning
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Company Secretary
Operations Director
Finance Manager
Compliance Officer
Risk Manager
Managing Director
Partner Relations Manager
Corporate Lawyer
Investment Manager
Commercial Director
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