Software Development S Partnership Agreement Template printable pdf download

SOFTWARE DEVELOPMENT PARTNERSHIP AGREEMENT

THIS AGREEMENT made effective as of the _____ day of ______________, _______.

BETWEEN:

[NAME OF PARTNER 1]

[address]

(“PARTNER 1”)

- and -

[NAME OF PARTNER 2]

[address]

(“PARTNER 2”)

RECITALS:

WHEREAS PARTNER 1 and PARTNER 2 wish to enter into a strategic partnership (“Partnership”) to

develop, implement, market and maintain a software program, currently titled “____________” (the

“Software”), which shall have [business / entertainment / educational] applications;

AND WHEREAS the parties shall combine their efforts, and each of the parties shall contribute

monies, knowledge, expertise and equipment to the Partnership;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual

covenants and agreements contained in this Agreement and for other good and valuable

consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the

parties hereby agree as follows:

Article I – Formation of the Partnership

1.1

Purpose of Partnership. The parties hereby enter into and form the Partnership for the limited

purpose and scope set forth in this Agreement, pursuant to the laws of New Zealand and the terms of

this Agreement. Except as otherwise expressly provided in this Agreement or by other written

agreement executed by the parties, neither party shall have the authority to act for or to assume any

obligations or responsibilities on behalf of the other party.

1.2

Duration of Partnership. The Partnership shall commence on the date of this Agreement and

shall continue until ___________ [insert either a specific date, a specific period of time (such as 2 years, etc) or

a description of a particular event, following which the Partnership will dissolve], or until terminated as

hereinafter provided in this Agreement.

1.3

Purpose of Partnership. The purpose of the Partnership is to develop, implement, market and

provide support and maintenance for the Software.

1.4

Contributions of Partners. As of the date of this Agreement, the parties have made the

following contributions of capital and assets to the Partnership, and holds the following percentage

interest in the Partnership:

Party

Contribution

% Interest

PARTNER 1

[set out contributions of funds, assets,

equipment, etc.]

____%

PARTNER 2

[set out contributions of funds, assets,

equipment, etc.]

____%

1.5

Partnership Management. Both parties shall have equal rights in management of the

Partnership, unless otherwise agreed in writing. Both parties shall have authority to bind the

Software Development S Partnership Agreement Template

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