AUSTRALIA
Form a partnership or joint venture in Australia with these template agreements and contracts. Fully editable and easy to customise to meet your business needs.
Setting up a partnership in Australia is relatively easy and affordable. A partnership must have its own ABN and must lodge its own tax return, but the partnership itself is not taxed. It is the partners who are responsible for paying the taxes. Profits and losses are shared among the partners.
The downside is that the partners are personally liable for their own and for each other's actions. In other words, they share the liability just as they share the profits and losses.
Partnerships are governed by the laws of the State or Territory in which they were founded.
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General Partnership Agreement | Australia
Set up a business partnership between two or more partners with this General Partnership Agreement template for Australia.
- The term of the partnership is open ended, and will continue until all the partners agree to dissolve the partnership.
- The agreement provides for additional capital contributions to be injected into the partnership by all partners when a cash call is made.
- The partners cannot make voluntary capital contributions or make withdrawals of capital without the consent of all partners.
- No partner may loan money to the partnership without the approval of the other partners.
- Calculation and allocation of profits and losses will not take into account any tax-exempt income.
- Method for appointing a managing partner to run the day to day operations.
- Partners may engage in outside business activities so long as they do not compete with the partnership's business.
- The partnership will not dissolve upon the death, disability or withdrawal of a partner.
- Right of first refusal by other partners to purchase the interest of a withdrawing partner.
- Available in MS Word format and fully editable to fit your circumstances.
- Intended to be used only within Australia.
$19.99
Software Development Partnership Agreement | Australia
Develop and market software products with a partner under this comprehensive Partnership Agreement for Australian software developers.
- The partners agree to work together to develop, implement, market and provide ongoing support for the software products.
- One partner will have primary responsibility for development of the software and the other will have primary responsibility for marketing and selling the final product. Both parties will be required to expend sufficient time and effort in all areas.
- The partners will have equal rights in managing the business but neither partner has the authority to act on behalf of the other partner.
- Revenues will be deposited into an operating account from which partnership expenses will be paid. Profits will be distributed to the partners at regular intervals.
- Each partner is responsible for paying their own taxes and remittances.
- The Agreement contains two alternate sets of clauses for ownership of the intellectual property - one for joint ownership and one for individual ownership.
- The document also contains confidentiality and non-competition provisions.
- This Agreement is governed by the laws of Australia and can be used in any state or territory.
- The form is available as a MS Word template and is fully editable to fit your unique circumstances.
$17.99
