PARTNERSHIP DEED BETWEEN TWO COMPANIES
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PARTNERSHIP DEED BETWEEN TWO COMPANIES
A partnership between two companies is a formal agreement to collaborate and work together towards common goals. This arrangement can take various forms, such as:
Joint Ventures: Both companies create a new entity to pursue specific projects or markets, sharing resources, risks, and profits.
Strategic Alliances: Companies cooperate while remaining independent, leveraging each other’s strengths, such as technology, distribution channels, or expertise.
Supply Chain Partnerships: One company may rely on another for supplies or components, enhancing efficiency and reducing costs.
Marketing Partnerships: Companies may collaborate on marketing campaigns, co-branding, or promotions to reach a broader audience.
Partnerships can help companies expand their market reach, share risks, and leverage complementary strengths, but they also require clear agreements on roles, responsibilities, and profit-sharing.
PARTNERSHIP BETWEEN TWO COMPANIES INCLUDES
Deed establishing a partnership between two companies. Includes clauses covering:
Interpretation
Commencement and term
Premises
Capital, assets ,profits/losses
Drawings
Expenses
Bank account
Lawyers and Accountants
Books and accounts
Annual accounts
Decisions and acts of the Partners
Insurance
Duties of the Partners
Restrictions on Partners
Dispute resolution
Winding up of the Partnership
Notices
Proper law
Waivers
Cumulative Rights
Further Assurances
Severability
Guarantee and Indemnity
INCLUDES GST
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