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Partnership Contract

Partnership Contract Template for United Arab Emirates

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Partnership Contract Template

I need a Partnership Contract Template for establishing a Dubai-based management consulting firm starting March 2025, with three equal partners who will all be actively involved in management, including specific provisions for intellectual property protection and client confidentiality.

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Document background
The Partnership Contract Template is a fundamental legal document used to establish and govern business partnerships in the United Arab Emirates. It is designed to comply with UAE Federal Law No. 2 of 2015 (Commercial Companies Law) and other relevant federal and emirate-level regulations. This template is essential for businesses seeking to form partnerships in the UAE, whether as general partnerships, limited partnerships, or professional partnerships. It covers crucial aspects such as capital contributions, profit sharing, management structure, partner obligations, and dispute re红杏直播 mechanisms. The document is particularly important given the UAE's specific requirements for partnership structures, local ownership considerations, and compliance with both civil law and Sharia principles. It serves as a foundational agreement that can be customized based on specific partnership requirements while maintaining compliance with UAE legal frameworks.
Suggested Sections

1. Parties: Identification and details of all partners entering into the agreement

2. Background: Context of the partnership formation and brief description of partners' intention

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Structure: Legal form of partnership, registration details, and business address

5. Business Purpose: Detailed description of partnership's business activities and objectives

6. Capital Contributions: Details of initial and any agreed future capital contributions from each partner

7. Profit and Loss Sharing: Distribution of profits and allocation of losses among partners

8. Management and Control: Management structure, decision-making processes, and partner authorities

9. Partners' Rights and Obligations: Detailed responsibilities and rights of each partner

10. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial management

11. Term and Termination: Duration of partnership and circumstances for termination

12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

13. Dispute Re红杏直播: Procedures for resolving disputes between partners

Optional Sections

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 - important when the partnership involves creation or use of IP

3. Additional Capital Requirements: Procedures for raising additional capital - relevant for businesses anticipating future capital needs

4. Partner Admission: Process for admitting new partners - useful for partnerships planning future expansion

5. Death or Incapacity: Procedures following death or incapacity of partners - important for family businesses or long-term partnerships

6. Islamic Finance Compliance: Provisions ensuring Sharia compliance - necessary for Islamic finance arrangements

7. Foreign Ownership Provisions: Special provisions for foreign partners - required when involving non-UAE partners

Suggested Schedules

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuations of non-cash assets

2. Schedule 2: Profit Sharing Ratios: Detailed profit and loss distribution formulas and calculations

3. Schedule 3: Business Plan: Initial business plan and strategic objectives of the partnership

4. Schedule 4: Partner Information: Detailed information about each partner, including contact details and representatives

5. Schedule 5: Management Structure: Detailed organizational structure and management procedures

6. Appendix A: Required Licenses: Copies of business licenses and permits required for operation

7. Appendix B: Banking Re红杏直播s: Banking arrangements and authorized signatories

8. Appendix C: Property Details: Details of any property owned or leased by the partnership

Authors

Alex Denne

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

alex.den.21@genieai.co
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Professional Services

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Relevant Teams

Legal

Corporate Affairs

Compliance

Finance

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Risk Management

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Relevant Roles

Chief Executive Officer

Managing Partner

Legal Counsel

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Company Secretary

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Commercial Director

Compliance Officer

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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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