By virtue of this contract concluded between the two parties, whose complete details are provided in the attached contracting form, hereinafter referred to as “Party One” (the first partner) and “Party Two” (the second partner), collectively referred to as “the Parties”. Under this agreement, Party One (the first partner) and Party Two (the second partner) undertake to enter into a partnership together to establish and manage a project or company or commercial activity as detailed in the appendices to this agreement, in accordance with the terms and conditions set forth in this contract, and to distribute profits and losses between them according to the agreed percentages, along with specifying the responsibilities of each partner in management, operations, and financing; this agreement aims to regulate the relationship between the partners with the highest degree of transparency and legal accuracy to avoid any future disputes, and to precisely define each partner's rights and obligations, decision-making mechanisms, instances of withdrawal or termination, and dispute resolution mechanisms, in a manner that ensures the sustainability of the project and protects the rights of all parties. The two parties have agreed to the following:

1- The following words and phrases - wherever mentioned in this agreement - shall have the meanings indicated next to each, unless the context of the text indicates otherwise:

2- The Agreement: This partnership agreement in all its terms and appendices, and its preamble shall be considered an integral part thereof, serving as the primary reference in case of conflict between its texts and the texts of the appendices.

3- The Partners (the Parties): The two parties signing this agreement, which may be natural persons or legal entities who agree to enter into a partnership together, as defined in Appendix (1).

4- The Project / Company: The commercial, industrial, service, or investment activity established under this agreement, as defined in Appendix (2), including its name, activity, headquarters, and capital.

5- Type of Partnership: ‎ ‎.

6- Capital: The total amount contributed by the partners to the project, whether in cash or in-kind, as specified in Article (4).

7- Share: The proportion of each partner's capital that determines the distribution ratio of profits and losses and the voting ratio on significant decisions.

8- Management: The authority granted to one or both partners to manage and operate the project, make daily decisions, and represent the company before others in accordance with Article (6).

9- Profits: The net income generated from the project's activity after deducting all operating expenses, taxes, depreciations, and prescribed reserves.