Prompt Title: Partnership Agreement

A partnership agreement is a legal document that outlines the terms and conditions under which partners operate a business together. It typically includes various elements such as:

1. Partners' Information: Names, addresses, and contributions made by each partner.

2. Business Details: Description of the business the partnership will be involved in.

3. Profit and Loss Distribution: How profits and losses will be shared among the partners.

4. Decision Making: How decisions will be made within the partnership. Unanimous agreement, majority vote, or other methods.

5. Roles and Responsibilities: Clearly defining the duties and responsibilities of each partner.

6. Capital Contributions: The initial investment made by each partner and provisions for future contributions.

7. Dispute Resolution: The process to resolve conflicts among partners.

8. Withdrawal or Death: Procedures to be followed if a partner wants to leave the partnership or in case of a partner's death.

9. Dissolution: Steps to be taken if the partnership is dissolved.

10. Non-compete Clauses: Provisions to prevent partners from engaging in a similar business that might compete with the partnership.

It's advisable to consult a legal professional when drafting a partnership agreement to ensure that all necessary elements are included and that the agreement complies with local laws and regulations.

Would you need help in creating or understanding a partnership agreement?

Creating a full partnership agreement requires comprehensive legal knowledge and understanding of the specific details and intentions of the involved parties. However, I can provide a simplified example to give you an idea of how it might be structured. Remember, it's crucial to have a lawyer review and finalize any legal document like this. Here's a basic template for a partnership agreement between IHG and Re:Shape:

Partnership Agreement between IHG and Re:Shape

1. Introduction

This Partnership Agreement ("Agreement") is made and entered into as of [Date], between IHG (hereinafter referred to as "IHG"), located at [Address], and Re:Shape (hereinafter referred to as "Re:Shape"), located at [Address].

2. Purpose

The purpose of this partnership is to collaborate on [briefly describe the purpose or goals of the partnership, e.g., joint marketing efforts, product development, etc.].

3. Contributions

• IHG: IHG agrees to contribute [specific contributions or resources] to the partnership.

• Re:Shape: Re:Shape agrees to contribute [specific contributions or resources] to the partnership.

4. Management and Decision Making

• Decision-Making Process: Decisions will be made by mutual agreement between both parties.

• Management: Both parties shall appoint a representative to oversee and manage the partnership activities.

5. Profits and Losses

• Profits and losses will be shared [specify the percentage or method of profit/loss distribution, e.g., equally, based on contribution, etc.].

6. Confidentiality

Both parties agree to maintain the confidentiality of any proprietary or sensitive information shared during the partnership.

7. Term and Termination

The initial term of this agreement shall begin on [Start Date] and will continue until [End Date], unless terminated earlier by mutual agreement or under circumstances outlined within this agreement.

8. Governing Law

This agreement shall be governed by and construed in accordance with the laws of [State/Country].

9. Miscellaneous

• Amendments: Any amendments to this agreement shall be made in writing and agreed upon by both parties.

• Entire Agreement: This document constitutes the entire agreement between IHG and Re:Shape and supersedes all prior agreements.

10. Signatures

This agreement shall be signed by authorized representatives of both IHG and Re:Shape.

This is a basic framework. Details need to be filled in, and legal advice is highly recommended before finalizing such an agreement.