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1. Parties: Identification of all partners and their contact details
2. Background: Context of the partnership formation and purpose
3. Definitions: Key terms used throughout the agreement
4. Partnership Interests: Details of each partner's ownership percentage and capital contributions
5. Management and Voting Rights: Structure for partnership decision-making and voting powers
6. Profit and Loss Allocation: Method for distributing profits and losses among partners
7. Capital Accounts: Maintenance and handling of partner capital accounts
8. Transfer Restrictions: Limitations on transferring partnership interests
9. Partner Admission and Withdrawal: Process for adding new partners and handling partner exits
10. Books and Records: Requirements for maintaining partnership financial records
11. Representations and Warranties: Partners' assertions about their capacity and authority
12. Confidentiality: Protection of partnership's confidential information
13. Term and Termination: Duration of the agreement and conditions for termination
14. General Provisions: Standard legal clauses including notices, amendments, governing law
1. Tag-Along Rights: Used when partners want the right to join in sale of shares by other partners
2. Drag-Along Rights: Used when majority partners want the right to force minority partners to join in a sale
3. Pre-emptive Rights: Used when existing partners should have first right to purchase new partnership interests
4. Non-Competition: Used when partners should be restricted from competing with the partnership
5. Intellectual Property Rights: Used when the partnership owns or develops significant IP
6. International Operations: Used when partnership operates across multiple jurisdictions
7. Partnership Committee: Used for larger partnerships requiring a formal management committee
8. Special Purpose Vehicles: Used when partnership includes subsidiary entities
1. Schedule A - Partner Information: Detailed list of partners with their respective contributions and ownership percentages
2. Schedule B - Initial Capital Contributions: Itemized list of each partner's initial capital contributions, including valuations of non-cash contributions
3. Schedule C - Profit Sharing Ratios: Detailed breakdown of how profits and losses are allocated
4. Schedule D - Valuation Methodology: Agreed method for valuing partnership interests for various purposes
5. Schedule E - Management Structure: Detailed organizational structure and management procedures
6. Appendix 1 - Partnership Certificate: Form of certificate representing partnership interests
7. Appendix 2 - Transfer Notice: Standard form for notifying partners of intended transfers
8. Appendix 3 - Adherence Agreement: Form for new partners to join the agreement
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