Q.1.

Ms. Sasha, the founder and chairman of Yummy Chocolates, a company that specializes in making chocolates, by using local ingredients eyes future expansion plan for their SME venture. Yummy Chocolates has been considered as a successful SME model for youth in Canada. Sasha, a school dropout started this venture from her home in Alberta and was one of the first local chocolatiers in the region. Sashas company buys products from local farmers in an attempt to support local workers and contribute to the growth in the local economy. Sashas business model inspired Ms. Amna, an Omani national who had visited Canada and had learned about her small venture. Amna and Sasha had been in frequent contact. Amna wanted to start a company of her own and Sasha was ambitious on expansion. Both these individuals decided to help each others cause and decided to start a small chocolate manufacturing company in Oman. Sasha cannot afford to leave Canada and hence decides to transfer the know-how and capital to Amna. As Sasha does not know the Omani market perfectly, she wishes not be held liable for losses exceeding the value of the assets of the newly formed business entity.

You are an independent advisor based at Muscat approached by Ms Amna and are expected to draft a partnership deed mentioning all possible clauses keeping in mind the requirements of the two clients.