Products tagged with 'united kingdom partnership'

Set up a strategic partnership to develop and market software apps in the UK with this comprehensive Software Development Partnership Agreement.

Purpose of Partnership Agreement

The Agreement is between two parties who will work together to develop, implement, market and provide ongoing support for the software.

One of the partners will have primary responsibility for software development, and the other will have primary responsibility for marketing and selling the final product. Both partners will be required to expend sufficient time and effort in all areas.

Management of the Partnership Business

Each partner 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 from sales of the software will be distributed to the partners at regular intervals. Each partner is responsible for paying their own taxes and remittances.

Intellectual Property

The Agreement contains two alternate sets of clauses for ownership of the intellectual property - one for joint ownership and one for individual ownership. The template document also contains confidentiality and non-competition provisions.

Format and Legal Jurisdiction

This Software Development Partnership Agreement is available as a downloadable MS Word template and is fully editable to fit your unique circumstances. The document is governed by English intellectual property laws and should only be used for partnerships in the United Kingdom.

Set up a partnership in the United Kingdom with this customisable Partnership Agreement template.

• New partners may only be admitted with the unanimous approval of the founding partners.
• If cash flow is insufficient to meet the business' needs, the partnership can call upon the partners to purchase additional units to provide the required additional cash.
• Operating profits and losses and taxable operating profits and losses will be allocated to the partners pursuant to the Partnership Act.
• Capital profits and losses and taxable capital profits and losses will be allocated up to the amounts of available cash distributed to the partners in excess of cumulative net operating profits. Available cash will be distributed yearly.
• The partners will participate equally in the management of the partnership, but will not receive a salary as compensation for management services.
• The partnership will terminate upon the death, bankruptcy or incompetency of a partner.
• This template is provided in MS Word format and is fully editable to meet your needs.
• Governed by the laws of England and Wales and intended to be used only within the United Kingdom.