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Partnership Offer Letter Template for Philippines

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Key Requirements PROMPT example:

Partnership Offer Letter

"I need a Partnership Offer Letter for my Manila-based tech consulting firm to invite a senior software developer to join as a 25% equity partner, with the partnership to commence on March 1, 2025, including specific terms about intellectual property rights and client relationships."

Document background
The Partnership Offer Letter is a crucial business document used in the Philippine business environment when an existing business or individual wishes to formally invite another party to join as a partner. This document is typically used when expanding a business, bringing in new expertise, or restructuring ownership. It must comply with Philippine partnership laws, including the Civil Code of the Philippines and the Revised Corporation Code. The letter serves as the first formal step in partnership negotiations, outlining proposed terms while maintaining flexibility for discussion. It's particularly important in the Philippine context where business relationships often combine formal legal requirements with traditional business customs. The Partnership Offer Letter should include clear terms about capital contributions, profit sharing, management responsibilities, and other key partnership elements, while being crafted in a way that respects local business practices and legal requirements.
Suggested Sections

1. Letter Header: Complete business contact information of the offering party, date, and recipient's details

2. Salutation: Professional greeting to the prospective partner

3. Introduction: Brief introduction stating the purpose of the letter and expressing interest in forming a partnership

4. Partnership Role: Clear description of the proposed role and position within the partnership

5. Key Terms: Essential partnership terms including ownership percentage, capital contribution, and profit sharing

6. Responsibilities: Overview of key duties and responsibilities expected from the partner

7. Financial Terms: Details of financial arrangements, including initial investment requirements and return expectations

8. Timeline: Proposed timeline for partnership commencement and response deadline

9. Closing: Professional closing with clear next steps and contact information

Optional Sections

1. Non-Compete Clause: Include when protecting business interests from competition is crucial

2. Confidentiality Statement: Add when sensitive business information will be shared during negotiations

3. Conditional Terms: Include when the offer is subject to specific conditions or due diligence

4. Geographic Scope: Add when partnership involves specific territorial rights or limitations

5. Exit Provisions: Include when specific exit terms need to be outlined upfront

6. Training and Support: Add when partnership includes specific training or support commitments

Suggested Schedules

1. Financial Projections: Detailed financial forecasts and business plan summaries

2. Partner Qualification Requirements: List of required qualifications, certifications, or experience

3. Assets Schedule: List of assets to be contributed to the partnership

4. Due Diligence Checklist: List of required documents and verifications needed before finalizing the partnership

5. Existing Client/Contract List: Overview of current business relationships that will affect the partnership

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























Clauses
























Relevant Industries

Professional Services

Retail

Manufacturing

Technology

Real Estate

Food and Beverage

Healthcare

Education

Construction

Agriculture

Financial Services

Consulting

Entertainment

Tourism and Hospitality

Relevant Teams

Legal

Corporate Affairs

Business Development

Finance

Operations

Executive Leadership

Compliance

Strategy

Mergers & Acquisitions

Partnership Development

Relevant Roles

Managing Partner

Business Owner

Chief Executive Officer

Chief Financial Officer

Business Development Manager

Legal Counsel

Corporate Lawyer

Partnership Manager

Operations Director

Investment Manager

Franchise Manager

Business Unit Head

Regional Director

Entrepreneur

Joint Venture Coordinator

Industries







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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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