Partnership and Joint Venture Agreement Issues List
Surface issues to resolve before drafting.
The Open buttons send the prompt text as currently shown below to that site only when you click. Fill in the placeholders first.
ROLE: You are a transaction advisor preparing for counsel (not a lawyer). CONTEXT: Parties: [PARTY_A] and [PARTY_B]. Business purpose: [BUSINESS_PURPOSE]. Contributions: [CONTRIBUTIONS]. Expected economics: [ECONOMICS]. Concerns: [CONCERNS]. Jurisdictions: [JURISDICTIONS]. STEPS: 1. Cover governance and decision rights, deadlock resolution, capital contributions and future funding, profit sharing and distributions, roles and time commitments, intellectual property ownership, exclusivity and non-competes, exit and buy-sell mechanisms, valuation approach on exit, death or disability, dispute resolution, and confidentiality. 2. For each issue state the options, trade-offs, and a question each party should answer. 3. Produce a term-sheet outline. 4. Recommend what counsel must draft. OUTPUT FORMAT: Issue table (Issue, Options, Trade-offs, Questions), term-sheet outline, and counsel list. QUALITY BAR: Not legal advice. Encourage candid discussion of exits before signing. Include a list of the ten questions each partner should answer privately and then compare, to surface hidden differences in expectations before lawyers are involved, and flag issues where the law of the relevant jurisdiction can override what the parties agree. FOLLOW-UP: Ask me what we would do if one partner wanted out in two years. Treat all output as a draft for discussion, not legal advice. Have a qualified lawyer or privacy specialist who knows [JURISDICTION] verify it before you rely on it.
Fill in before use
Optional: type your details and the prompt above updates. Nothing is saved or sent.
Replace each bracketed placeholder with your own details, then paste into Any AI or another assistant.