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Bakery Partnership Agreement
"I need a Bakery Partnership Agreement for a new artisanal bakery venture starting in March 2025, where three partners will contribute equal capital but have different roles - one handling recipes and production, one managing operations, and one managing finances."
1. Parties: Details of all partners entering the agreement
2. Background: Context of the partnership and business objectives
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Type of partnership and operational framework
5. Capital Contributions: Initial and ongoing financial contributions
6. Profit and Loss Sharing: Distribution of profits and losses between partners
7. Management and Decision Making: Day-to-day operations and voting rights
8. Partner Duties and Responsibilities: Specific roles and obligations of each partner
9. Term and Termination: Duration and conditions for ending the partnership
1. Intellectual Property: Protection of recipes, branding and other IP assets owned by the partnership
2. Non-Compete Provisions: Restrictions on partners engaging in competing businesses during and after partnership
3. Property Arrangements: Details of premises ownership/lease and related obligations
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial investment
2. Schedule 2: Asset Register: List of partnership equipment and assets
3. Schedule 3: Recipe Book: Protected recipes and processes
4. Schedule 4: Operating Procedures: Standard operating procedures and food safety protocols
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