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1. Intellectual Property: Required when the profit sharing involves products, services, or business methods that include intellectual property

2. Non-Competition: Include when parties want to restrict each other from competing activities

3. Assignment and Succession: Needed when parties want to address the possibility of transferring rights or obligations to third parties

4. Insurance Requirements: Include when specific insurance coverage is required for the business activities

5. Force Majeure: Add when parties want to address circumstances beyond their control that might affect the agreement

6. GST and Tax Provisions: Required when specific tax arrangements or GST handling needs to be detailed

7. Third Party Rights: Include when the agreement might affect or involve rights of parties not directly involved in the agreement

1. Schedule 1 - Calculation Method: Detailed methodology for calculating profit, including allowable expenses and revenue recognition

2. Schedule 2 - Financial Reporting Template: Standard format for regular financial reports and profit calculations

3. Schedule 3 - Business Plan: Overview of the business activities covered by the profit sharing arrangement

4. Schedule 4 - Distribution Schedule: Timing and procedure for profit distributions

5. Appendix A - Initial Capital Contributions: Details of any initial investments or contributions made by the parties

6. Appendix B - Authorized Representatives: List of individuals authorized to make decisions on behalf of each party