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Joint Venture Profit Sharing Agreement
"Need a Joint Venture Profit Sharing Agreement for a tech startup collaboration between my UK software company and a German AI firm, with a 60-40 profit split and special provisions for IP ownership of jointly developed technologies."
1. Parties: Identification and details of all parties to the joint venture
2. Background: Context and purpose of the joint venture arrangement
3. Definitions: Key terms used throughout the agreement
4. Joint Venture Structure: Legal structure and organization of the venture
5. Capital Contributions: Details of initial and ongoing capital commitments
6. Profit Sharing: Formula and mechanics for profit distribution
7. Management Structure: Governance and decision-making framework
8. Term and Termination: Duration and circumstances for ending the venture
1. Intellectual Property Rights: IP ownership and licensing arrangements - include when IP is material to the venture
2. Employment Matters: Staff transfer and employment terms - include when employees are being transferred or shared
3. Competition Compliance: Anti-trust and competition law provisions - include when parties are competitors or in regulated industries
1. Business Plan: Detailed operational and financial projections
2. Capital Contributions Schedule: Detailed breakdown of each party's contributions
3. Profit Distribution Formula: Detailed calculations for profit sharing
4. Management Structure Chart: Organizational diagram and reporting lines
5. Reserved Matters: List of decisions requiring special approval
6. Asset Register: List of assets contributed to the venture
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