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1. Parties: Identification of all parties entering into the agreement, including their legal names, registration details, and addresses
2. Background: Context of the agreement, business relationship between parties, and purpose of the profit-sharing arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Profits', 'Calculation Period', 'Distribution Date', etc.
4. Profit Calculation: Detailed methodology for calculating distributable profits, including applicable accounting standards and adjustments
5. Profit Distribution: Rules and procedures for profit distribution, including profit-sharing ratios, frequency, and payment methods
6. Payment Terms: Specific terms regarding timing of payments, currency, bank details, and handling of late payments
7. Records and Audit Rights: Requirements for maintaining financial records and rights of parties to audit or review financial information
8. Confidentiality: Obligations regarding confidential information shared between parties
9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
10. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law
11. General Provisions: Standard legal provisions including notices, amendments, assignment, and severability
1. Non-Competition: Restrictions on parties engaging in competing business activities, used when parties operate in the same industry
2. Intellectual Property: IP ownership and usage rights, needed when the profit-sharing involves IP-generating activities
3. Management Rights: Decision-making powers and management participation rights, important for active business partnerships
4. Exit Provisions: Procedures for party exit, including buyout terms and valuation methods, useful for long-term arrangements
5. Force Majeure: Provisions for handling unforeseen circumstances affecting profit generation or distribution
6. Tax Provisions: Detailed tax handling and allocation between parties, important for cross-border arrangements
7. Change Control: Procedures for handling changes in business operations or profit calculation methods
1. Party Information Schedule: Detailed information about parties including authorized representatives and contact details
2. Profit Calculation Formula: Detailed mathematical formulas and examples for profit calculation
3. Distribution Schedule: Timing and procedures for regular profit distributions
4. Excluded Costs and Expenses: List of items to be excluded from profit calculations
5. Accounting Principles: Specific accounting standards and principles to be applied
6. Bank Account Details: Banking information for profit distributions
7. Reporting Template: Standard format for periodic financial reports and profit calculations
Financial Services
Real Estate Development
Technology and Software
Professional Services
Retail and Distribution
Manufacturing
Entertainment and Media
Healthcare Services
Construction and Infrastructure
Hospitality and Tourism
E-commerce
Consulting Services
Legal
Finance
Corporate Development
Commercial
Business Development
Compliance
Operations
Accounting
Investment
Strategy
Partnership Management
Chief Executive Officer
Chief Financial Officer
Finance Director
Legal Counsel
Commercial Director
Business Development Manager
Partnership Manager
Investment Manager
Corporate Development Director
Financial Controller
Compliance Officer
Account Manager
Operations Director
Joint Venture Manager
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