Partnership Agreement for Shared Memberships

This Partnership Agreement (“Agreement”) is made and entered into on [Date], by and between:

• Company A: [Company Name], a company incorporated under the laws of [Jurisdiction], with a principal office at [Address].
• Company B: [Company Name], a company incorporated under the laws of [Jurisdiction], with a principal office at [Address].
• Company C: [Company Name], a company incorporated under the laws of [Jurisdiction], with a principal office at [Address].

(Hereinafter referred to collectively as “Partners” and individually as a “Partner”).

The purpose of this Agreement is to establish a framework for sharing membership costs and benefits in certain organizations, associations, or professional bodies for mutual benefit, thereby reducing costs and enhancing opportunities for all Partners.

• The Partners agree to share membership in the following organizations:
  • Organization 1: [Organization Name]
  • Organization 2: [Organization Name]
• The shared membership will entitle all Partners to access the benefits of membership, including but not limited to:
  • Event attendance
  • Access to industry reports
  • Voting rights
  • Networking opportunities
  • Other membership benefits as specified by the organizations

• The total membership fees for the organizations shall be shared equally (or based on another agreed formula) among the Partners.
• Each Partner shall contribute its share of the membership fees as follows:
  • Company A: [% or $ contribution]
  • Company B: [% or $ contribution]
  • Company C: [% or $ contribution]
• Payments shall be made to [Designated Partner/Organization] by [due date] each year or as specified by the organization’s membership terms.

• The Partners agree to rotate representation at meetings and events for the shared memberships, unless otherwise agreed.
  • Company A will represent the partnership at [specific meetings/events] for the year [Year].
  • Company B will represent the partnership at [specific meetings/events] for the year [Year].
  • Company C will represent the partnership at [specific meetings/events] for the year [Year].
• Each representative Partner agrees to share relevant information, updates, and opportunities with the other Partners promptly after each event.

• For any decisions requiring a vote or input under the membership, the Partners will convene to agree on a unified position.
• In case of a disagreement, a majority vote among the Partners will determine the action, with each Partner holding one vote.

• The Partners agree to maintain the confidentiality of any sensitive information shared as part of the membership benefits, such as industry reports, research papers, or insider knowledge gained through the organizations.
• No Partner shall disclose this information to any third party without the prior written consent of all other Partners.

• This Agreement shall remain in effect for an initial term of [one year/two years] and shall automatically renew unless terminated by written notice by any Partner at least [30/60] days prior to the renewal date.
• Any Partner may withdraw from the agreement by providing [30/60] days' written notice to the other Partners.
• In the event of withdrawal, the remaining Partners will either:
  • Reallocate the costs among themselves, or
  • Seek a replacement Partner to share the costs and responsibilities.

• Any disputes arising from this Agreement shall be resolved through mediation. If mediation is unsuccessful, the matter will be submitted to arbitration in accordance with the laws of [Jurisdiction].

• This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].

By signing below, the Partners agree to the terms and conditions of this Agreement.

[Company A]

Name: —————-

Title: —————-

Date: —————-

[Company B]

Name: —————-

Title: —————-

Date: —————-

[Company C]

Name: —————-

Title: —————-

Date: —————-