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1. Parties: Identifies and provides full details of all parties entering into the agreement
2. Background: Explains the context and purpose of the agreement, including the business relationship between the parties
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Scope of Agreement: Outlines the specific business activities or ventures covered by the profit sharing arrangement
5. Profit Sharing Structure: Details the 50-50 split mechanism, including calculation methods and timing of distributions
6. Capital Contributions: Specifies initial and ongoing capital contributions required from each party
7. Management and Control: Establishes decision-making processes and operational control parameters
8. Financial Records and Reporting: Sets requirements for maintaining financial records and reporting obligations
9. Distribution of Profits: Details the mechanism and timing for profit distribution
10. Tax Obligations: Addresses tax responsibilities and compliance requirements
11. Term and Termination: Specifies the duration of the agreement and conditions for termination
12. Dispute Resolution: Outlines the process for resolving disagreements between parties
13. Governing Law: Confirms Philippine law as governing law and relevant jurisdiction
14. General Provisions: Includes standard legal provisions such as notices, amendments, and severability
1. Non-Competition: Restricts parties from engaging in competing businesses - include when parties have other business interests
2. Intellectual Property Rights: Addresses ownership and usage of IP - include when the business involves intellectual property
3. Confidentiality: Protects sensitive business information - include when proprietary information is involved
4. Insurance: Specifies required insurance coverage - include when business activities carry significant risks
5. Employee Management: Addresses hiring and management of employees - include when the venture will have employees
6. Exit Strategy: Details procedures for party exit or business sale - include when parties want specific exit provisions
7. Force Majeure: Addresses unforeseen circumstances - include when business is susceptible to external disruptions
1. Schedule A - Initial Capital Contributions: Detailed breakdown of each party's initial capital contributions
2. Schedule B - Profit Calculation Method: Detailed methodology for calculating distributable profits
3. Schedule C - Business Plan: Initial business plan and operational guidelines
4. Schedule D - Management Structure: Detailed organizational structure and management responsibilities
5. Appendix 1 - Financial Reporting Template: Standard format for regular financial reports
6. Appendix 2 - Bank Account Details: Designated bank accounts for profit distribution
7. Appendix 3 - Key Performance Indicators: Metrics for measuring business performance
Retail
Technology
Manufacturing
Food and Beverage
Real Estate
Professional Services
Agriculture
E-commerce
Construction
Tourism and Hospitality
Healthcare
Education
Digital Services
Consulting
Legal
Finance
Business Development
Corporate Affairs
Operations
Compliance
Tax
Strategy
Investment
Risk Management
Business Owner
Managing Director
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Partnership Manager
Investment Manager
Corporate Lawyer
Finance Director
Operations Manager
Compliance Officer
Company Secretary
Entrepreneur
Start-up Founder
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