Profit Share Agreement Sample

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http://roi-mi.com/clinical-services/professional-consultation-and-training/ A profit-forwarding agreement should indicate all parties involved with the name and address at the beginning of the contract. You should write the name of the company you are creating at the beginning of the agreement as well as the purpose of the business. Add references to the date of the agreement as well as the expected duration of the agreement. The accounts into which the profits are paid and when those profits are paid shall be indicated. CONSIDERING that the company and the representative wish to enter into an agreement under which [PARTNER 1] and [PARTNER 2] share the profits from the sale of the product due to the efforts of the representative, in accordance with the conditions set out therein. THE WHOLE AGREEMENT. This Agreement constitutes the full understanding of the Parties and supersedes all prior oral or written agreements concerning the subject matter annexed thereto. PandaTip: This section aims to settle the consequences of the termination of this profit-fixing relationship. In return for profit-sharing, the representative shall perform the following duties: the representative shall continue to receive the profit sharing from continuing sales described in this Annex as a direct result of the representative`s efforts; PROFIT SHARING. In return for the tasks performed under this Agreement, the representative shall be entitled to [percentage] of the profits made for the sale of the product, which are the direct result of the representative`s efforts. A profit-making agreement usually has restrictions on what any partner can do with company resources….