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1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and partners' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership formation, name, and effective date
5. Purpose and Business Activities: Detailed description of partnership's business purpose and permitted activities
6. Capital Contributions: Details of initial and any subsequent capital contributions by partners
7. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners
8. Management and Decision Making: Management structure and decision-making processes
9. Partners' Rights and Obligations: Detailed description of partners' rights, duties, and responsibilities
10. Financial Administration: Financial management, accounting practices, and banking arrangements
11. Duration and Termination: Term of partnership and conditions for termination
12. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction
13. Signatures: Execution block for all partners' signatures
1. Non-Competition: Restrictions on partners engaging in competing businesses, used when partners have other business interests
2. Intellectual Property Rights: IP ownership and usage rights, included when the partnership involves creation or use of intellectual property
3. Additional Capital Contributions: Procedures for requesting and making additional capital contributions, used in partnerships anticipating future capital needs
4. Transfer of Partnership Interest: Rules for transferring partnership interests to third parties, important for larger partnerships
5. Death or Incapacity: Procedures following death or incapacity of a partner, crucial for partnerships between individuals
6. Dispute Resolution: Alternative dispute resolution procedures, recommended for international partnerships or complex business relationships
7. Insurance Requirements: Required insurance coverage, important for high-risk businesses or regulated sectors
8. Partnership Representative: Appointment of partnership representative for tax purposes, necessary for larger partnerships
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Schedule 2 - Business Plan: Initial business plan and strategic objectives
3. Schedule 3 - Partners' Contact Information: Complete contact details and addresses for service of notices
4. Schedule 4 - Management Procedures: Detailed procedures for management meetings and decision-making
5. Schedule 5 - Accounting Policies: Specific accounting policies and procedures to be followed
6. Appendix A - Partner Responsibilities: Detailed outline of specific roles and responsibilities of each partner
7. Appendix B - Asset Register: List of partnership assets and their agreed values
8. Appendix C - Required Licenses and Permits: List of necessary licenses and permits for the partnership business
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