The Profit Sharing Agreement is a crucial document used in Indonesian business relationships where two or more parties agree to share profits from a joint business venture or specific project. This document is particularly relevant in Indonesia's diverse business environment, which accommodates both conventional and Islamic business practices. It is commonly used in various contexts including joint ventures, investment partnerships, and business collaborations between local and foreign entities. The agreement must comply with Indonesian regulations, including the Civil Code and Investment Law, while also considering specific sector regulations where applicable. The document typically includes detailed provisions for profit calculation, distribution mechanisms, financial reporting requirements, and audit rights. It's especially important in Indonesia's business landscape where profit sharing arrangements are common in various industries and must often accommodate both local and international business practices.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of all parties entering into the profit sharing agreement
2. Background: Context of the agreement, business relationship, and purpose of the profit sharing arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement, including specific financial and operational terms
4. Scope of Cooperation: Details of the business activities covered under the profit sharing arrangement
5. Rights and Obligations: Specific responsibilities and rights of each party in the business operation
6. Profit Sharing Mechanism: Detailed explanation of how profits will be calculated and distributed
7. Payment Terms: Timing, method, and currency of profit distribution payments
8. Record Keeping and Audit Rights: Requirements for maintaining financial records and rights to audit
9. Representations and Warranties: Standard declarations about capacity to enter agreement and compliance with laws
10. Confidentiality: Provisions for protecting confidential information shared during the business relationship
11. Term and Termination: Duration of the agreement and circumstances for termination
12. Dispute Resolution: Process for resolving disagreements, including jurisdiction and governing law
13. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Islamic Banking Compliance: Section defining compliance with Sharia principles - include when parties require Islamic banking principles
2. Foreign Investment Provisions: Additional provisions required when foreign entities are involved, including compliance with Indonesian investment laws
3. Intellectual Property Rights: Include when the profit sharing involves use or creation of intellectual property
4. Non-Competition: Restrictions on competing activities - include when parties operate in same industry
5. Force Majeure: Provisions for unforeseen circumstances - particularly relevant in resource-based or manufacturing ventures
6. Insurance Requirements: Include when physical assets or specific risks need to be insured
7. Environmental Compliance: Include when business activities have environmental impacts
8. Labor and Employment: Include when profit sharing affects employee arrangements or requires specific staffing
1. Profit Calculation Formula: Detailed mathematical formula and examples of profit calculation
2. Business Plan: Projected financials and operational plans
3. Asset Register: List of assets contributed by each party to the venture
4. Key Performance Indicators: Metrics used to measure business performance
5. Required Licenses and Permits: List of regulatory approvals needed for the business
6. Reporting Templates: Standard formats for financial and operational reporting
7. Bank Account Details: Designated accounts for profit distribution
8. Authorized Representatives: List of persons authorized to act on behalf of each party
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Agriculture
Mining and Resources
Technology
Retail
Financial Services
Islamic Banking
Real Estate
Construction
Transportation and Logistics
Food and Beverage
Tourism and Hospitality
Energy
Trading and Distribution
Professional Services
Relevant Teams
Legal
Finance
Corporate Development
Business Development
Operations
Compliance
Risk Management
Commercial
Investment
Partnership Management
Executive Leadership
Treasury
Internal Audit
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Finance Director
Business Development Manager
Legal Counsel
Corporate Lawyer
Investment Manager
Partnership Manager
Commercial Director
Managing Director
Operations Director
Compliance Officer
Risk Manager
Financial Controller
Business Owner
Joint Venture Manager
Contract Administrator
Find the exact document you need
Nurse Practitioner Employment Contract
An Indonesian-law governed employment contract for nurse practitioners, addressing both standard employment terms and specialized healthcare practice requirements.
Download
Non Compete Agreement Hiring Employees
An Indonesian law-governed agreement restricting an employee's post-employment competitive activities, balancing employer protection with employee rights.
Download
Non Binding Contract
A non-binding contract under Indonesian law that outlines intended business arrangements while explicitly maintaining no legal obligations between parties.
Download
Non Binding Agreement
An Indonesian law-compliant preliminary agreement outlining intended cooperation between parties while maintaining a non-binding status.
Download
Business Agreement
An Indonesian law-governed agreement establishing business relationships between parties, incorporating local legal requirements and commercial terms.
Download
Private Tenancy Agreement
An Indonesian law-governed agreement establishing terms and conditions for residential property rental between landlord and tenant.
Download
Common Agreement
A fundamental contract template governed by Indonesian law, establishing binding obligations between parties while ensuring compliance with local legal requirements.
Download
Professional Services Agreement
An Indonesian law-governed agreement establishing terms for professional services delivery, including scope, payment, and service provider obligations.
Download
On Hire Labour Agreement
An Indonesian law-governed agreement establishing employment terms between a labor hire company, worker, and host company.
Download
Written Agreement
A formal Written Agreement compliant with Indonesian law that establishes legally binding obligations between parties under Indonesian jurisdiction.
Download
Simple Agreement
A basic contractual agreement template compliant with Indonesian law, designed for straightforward business arrangements.
Download
Side Agreement
An Indonesian law-governed supplementary agreement that modifies or clarifies terms of an existing main agreement, requiring compliance with local language and legal requirements.
Download
Official Employment Contract
Indonesian law-compliant employment contract establishing formal employment terms and conditions under Law No. 13 of 2003 (Manpower Law).
Download
Non Hire Agreement
An Indonesian law-governed agreement preventing parties from hiring each other's employees, including specific restrictions and compliance with local labor laws.
Download
Non Fixed Term Employment Contract
Indonesian law-governed permanent employment agreement establishing terms and conditions of employment in compliance with local labor laws.
Download
Incorporation Agreement
An Indonesian law-governed agreement establishing a new company's structure, ownership, and governance framework under Law No. 40 of 2007.
Download
Boilerplate Agreement
A standardized agreement template compliant with Indonesian law, providing essential contractual elements with bilingual provisions.
Download
Amended Contract
An amended contract under Indonesian law that modifies existing contractual arrangements while ensuring compliance with local legal requirements.
Download
Tooling Agreement
An Indonesian law-governed agreement establishing terms for industrial tooling supply, manufacture, or use, aligned with local industrial regulations and international standards.
Download
Representation Agreement
An Indonesian law-governed agreement establishing and regulating the relationship between a principal company and its appointed representative, defining representation rights and obligations.
Download
Provisional Agreement
An Indonesian law-compliant temporary contractual arrangement establishing interim rights and obligations between parties pending a permanent agreement or specific event completion.
Download
Preliminary Agreement
An Indonesian law-governed preliminary agreement establishing framework terms for business negotiations and protecting parties' interests during discussion phase.
Download
Offer Of Employment Contract
An Indonesian employment contract that establishes employment terms and conditions in compliance with Indonesian labor law.
Download
Marketing Manager Employment Contract
An Indonesian law-compliant employment contract for Marketing Manager positions, outlining key terms, conditions, and responsibilities.
Download
Common Terms Agreement
Indonesian law-governed Common Terms Agreement establishing principal terms for syndicated lending arrangements, incorporating mandatory local law requirements and banking regulations.
Download
Nanny Employment Contract
An Indonesian law-compliant employment contract establishing terms and conditions for nanny services in private households.
Download
Tenancy Contract
An Indonesian law-governed agreement establishing property rental terms and conditions between landlord and tenant, compliant with the Indonesian Civil Code and property regulations.
Download
Preliminary Contract
An Indonesian law-governed pre-agreement document that establishes binding preliminary terms while parties negotiate a definitive agreement.
Download
Catering Contract
An Indonesian law-governed catering services agreement establishing terms and conditions for food service provision while ensuring compliance with local regulations.
Download
Lease Agreement
An Indonesian law-governed agreement establishing terms and conditions for property rental, defining rights and obligations of lessor and lessee.
Download
Security Agreement Form
An Indonesian law-governed agreement creating security interests over assets to secure financial obligations, compliant with Indonesian security and fiduciary laws.
Download
Business Cooperation Agreement
An Indonesian law-governed agreement establishing terms and conditions for business cooperation between multiple parties, ensuring regulatory compliance and mutual business interests.
Download
Local Employment Contract
An Indonesian law-compliant employment agreement for hiring local employees, incorporating all mandatory provisions under Indonesian labor legislation.
Download
Mutual Separation Agreement Employment
An Indonesian law-governed agreement documenting mutually agreed employment termination terms between employer and employee, including statutory entitlements and obligations.
Download
Head Of Terms Agreement
A preliminary agreement under Indonesian law outlining key commercial terms and understanding between parties for a proposed transaction, serving as a framework for future definitive agreements.
Download
New Employment Contract For Existing Employees
Indonesian law-governed employment contract template for updating terms with existing employees, compliant with current labor regulations.
Download
Business Contract
An Indonesian law-governed business contract establishing commercial relationships between business entities, ensuring compliance with local regulations and commercial practices.
Download
Work Agreement
An Indonesian law-compliant employment agreement establishing terms and conditions of employment, including statutory rights and obligations.
Download
White Label Agreement
An Indonesian law-governed agreement establishing terms for manufacturing products under another company's brand name, including quality, IP rights, and regulatory compliance.
Download
Volunteer Contract
An Indonesian law-governed agreement establishing the terms and conditions between an organization and a volunteer, ensuring compliance with local volunteer regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)