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Custom Software Business Partnership Agreement

This template outlines a formal agreement for two or more businesses to collaborate on the development, marketing, and/or sale of custom software solutions. It is suitable for establishing clear roles, responsibilities, and profit-sharing arrangements.

Updated 3d ago
partnership agreementsoftware developmentbusiness collaborationjoint venturecustom softwareSME agreementSouth Africa

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BUSINESS PARTNERSHIP AGREEMENT

This Business Partnership Agreement ("Agreement") is made and entered into effective as of {{effective_date}} ("Effective Date"), by and between:

{{partner1_company_name}}, a company duly incorporated under the laws of {{partner1_jurisdiction}}, with its principal place of business at {{partner1_address}} (hereinafter referred to as "Partner A"); and

{{partner2_company_name}}, a company duly incorporated under the laws of {{partner2_jurisdiction}}, with its principal place of business at {{partner2_address}} (hereinafter referred to as "Partner B").

Partner A and Partner B are hereinafter collectively referred to as the "Parties" and individually as a "Party".

1. PURPOSE OF AGREEMENT

The Parties hereby agree to form a business partnership for the purpose of jointly developing, marketing, selling, and supporting custom software solutions, as more specifically described in Schedule A (Scope of Work and Services) attached hereto and incorporated by reference (the "Project").

2. TERM AND TERMINATION

2.1. Term: This Agreement shall commence on the Effective Date and shall continue for a period of {{agreement_term_years}} ({{agreement_term_numeric}}) years, unless terminated earlier in accordance with the provisions of this Agreement.

2.2. Termination: Either Party may terminate this Agreement upon {{notice_period_days}} days' written notice to the other Party in the event of a material breach of this Agreement by the other Party, provided such breach is not cured within the notice period. This Agreement may also be terminated by mutual written agreement of the Parties.

3. ROLES AND RESPONSIBILITIES

3.1. Partner A Responsibilities: Partner A shall be primarily responsible for {{partner1_responsibilities_description}}, including but not limited to {{partner1_specific_tasks}}.

3.2. Partner B Responsibilities: Partner B shall be primarily responsible for {{partner2_responsibilities_description}}, including but not limited to {{partner2_specific_tasks}}.

3.3. Joint Responsibilities: The Parties shall jointly undertake responsibilities for {{joint_responsibilities_description}}, including but not limited to {{joint_specific_tasks}}.

4. FINANCIAL ARRANGEMENTS AND PROFIT SHARING

4.1. Capital Contributions: Each Party shall contribute capital to the partnership as follows:

- Partner A: {{partner1_capital_contribution_amount}} ({{partner1_capital_contribution_description}})

- Partner B: {{partner2_capital_contribution_amount}} ({{partner2_capital_contribution_description}})

4.2. Profit Sharing: Net profits and losses derived from the Project shall be shared between the Parties as follows:

- Partner A: {{partner1_profit_share_percentage}}%

- Partner B: {{partner2_profit_share_percentage}}%

4.3. Expenses: All agreed-upon expenses directly related to the Project shall be borne by the Parties in proportion to their profit-sharing percentages, unless otherwise agreed in writing.

5. INTELLECTUAL PROPERTY

5.1. Ownership: All intellectual property rights, including but not limited to copyrights, patents, trademarks, trade secrets, and proprietary information, developed or created during the course of the Project (the "Project IP") shall be owned by the Parties as follows: {{ip_ownership_details}}. Where not specifically stated, Project IP shall be jointly owned by both Parties.

5.2. Licensing: In the event of joint ownership, the Parties agree to negotiate in good faith a separate licensing agreement for the commercialisation or use of the Project IP outside the scope of this Agreement.

6. CONFIDENTIALITY

Each Party agrees to keep confidential all non-public information, including但不限于 business plans, customer lists, technical data, and financial information disclosed by the other Party in connection with this Agreement. This obligation of confidentiality shall survive the termination of this Agreement for a period of {{confidentiality_term_years}} years.

7. GOVERNING LAW AND DISPUTE RESOLUTION

7.1. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.

7.2. Dispute Resolution: Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach, termination or invalidity thereof, shall first be attempted to be resolved through good faith negotiations between the Parties. If the dispute cannot be resolved through negotiation within {{negotiation_period_days}} days, the Parties agree to submit the dispute to mediation in {{mediation_location}} under the rules of {{mediation_organisation}}. If mediation is unsuccessful, the dispute shall be finally settled by arbitration in {{arbitration_location}} in accordance with the rules of {{arbitration_organisation}}.

8. ENTIRE AGREEMENT

This Agreement, including all attached schedules, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written.

9. SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

FOR PARTNER A:

_____________________________

Name: {{partner1_signatory_name}}

Title: {{partner1_signatory_title}}

Date: {{partner1_signature_date}}

FOR PARTNER B:

_____________________________

Name: {{partner2_signatory_name}}

Title: {{partner2_signatory_title}}

Date: {{partner2_signature_date}}

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