Partnership Agreement

This section outlines the terms and conditions of the partnership agreement, including the purpose, roles, profit-sharing, dispute resolution, and exit strategies for the collaborative project within Rezving Community:

1. Purpose and Goals of the Partnership:

• The purpose and goals of the partnership are defined in the partnership proposal or documentation specific to the initiative.
• All partners are committed to working together to achieve these objectives.

2. Roles and Responsibilities of Partners:

• Each partner has a defined role and specific responsibilities within the partnership. These roles are detailed in the partnership proposal.
• Partners agree to fulfill their roles and responsibilities effectively and contribute positively to the partnership’s success.

3. Profit-Sharing and Equity Distribution:

• Profit-sharing and equity distribution are determined and documented in the partnership proposal.
• The agreement specifies the distribution of profits among partners, considering individual contributions and partnership outcomes.

4. Dispute Resolution Procedures:

• In the event of disputes or conflicts among partners, a dispute resolution mechanism is in place as outlined in the partnership documentation.
• This mechanism may involve mediation, arbitration, or other agreed-upon procedures to address and resolve conflicts.

5. Exit Strategies:

• Exit strategies for partners wishing to leave the partnership are documented in the partnership proposal.
• Partners agree to follow the exit procedures specified, which may include transfer of equity or profit-sharing arrangements.

6. Amendments to the Partnership Agreement:

• Partners acknowledge that changes to partnership objectives, roles, responsibilities, or profit-sharing arrangements may occur during the course of the partnership.
• Any proposed changes should be communicated, discussed, and documented for mutual agreement.

By signing this Partnership Agreement, partners involved in the partnership affirm their commitment to achieving the partnership’s objectives and adhere to the terms and conditions outlined herein. Successful collaboration within Rezving Community relies on effective communication, cooperation, and the dedication of all partners.

This section is effective as of 17/10/2023.