This partnership agreement can be used to draft for establishing a general partnership for two parties under the law of a specified jurisdiction. This agreement is drafted to impose strict/tight obligations on the parties.
Each Partner shall at all times keep confidential all commercial and technical information which it may acquire in relation to the Partnership or the Business or in relation to the customers, business or affairs of the other Partner or its Affiliates. No Partner shall use or disclose such information except with the consent of the other Partner or, in the case of information relating to the Partnership, for the purpose of advancing the Business. Each Partner shall use all reasonable endeavours to ensure that its employees and agents and any Affiliate (including its employees and agents) observe this confidentiality.
No announcement in connection with the subject matter of this Agreement shall be made or issued by or on behalf of either of the Partners without the prior written approval of both Partners (such approval not to be unreasonably withheld or delayed) except as may be required by law or by any stock exchange or by any governmental authority.
This document should be carefully read by the Partners in the proposed partnership.
Partners who wish to establish the partnership should complete their personal and business information as much as they could.
Please provide the territory/jurisdiction where the partnership will be formed, the name of the partnership, and the purpose of the business of the partnership in creating this agreement. The initial capital contribution from each partner and property and assets initially owned by the partnership should also be indicated.
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Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.