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    Profit Sharing Agreement

    Uploaded by

    pipewldr66

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Profit Sharing Agreement

    Uploaded by

    pipewldr66
    1 views3 pages

    Copyright

    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1 views3 pages

    Profit Sharing Agreement

    Uploaded by

    pipewldr66

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 3

    PROFIT SHARING AGREEMENT

    This Profit Sharing Agreement (hereinafter referred to as the "Agreement") is made and effective
    [EFFECTIVE DATE],

    BY AND [COMPANY NAME], with an address of [COMPANY ADDRESS],


    BETWEEN: hereinafter referred to as the "Company."

    AND: [REPRESENTATIVE NAME], with an address of


    [REPRESENTATIVE ADDRESS], hereinafter referred to as the
    "Representative," collectively referred to as the "Parties."

    Duration

    This Agreement shall be effective from the date of execution and continue until ____________.

    Profit Allocation

    1. Profit Sharing: The Representative is entitled to receive ____________% of profits


    generated from the products. The said profits are to be derived directly from the
    Representative's efforts.

    2. Direct Result: For the purposes of this Agreement, a "direct result" refers to any customer
    engagement that culminates in a completed sale.

    3. Profit Calculation: Profits shall be computed as follows:


    __________________________________________________________________________________

    (Specify the formula or method for calculating the Representative's share of the profits, including
    any deductions, expenses, or other adjustments that will be made. E.g., "Total Revenue -
    Operational Costs = Profit; Representative's Share = Profit x ___________%")

    Roles and Responsibilities

    The Representative shall conduct research on potential customers, complete any necessary
    paperwork, and undertake any other tasks as may be assigned or unassigned by the Company.

    Relationship Status
    Both Parties agree that their relationship is that of independent contractors.

    Confidentiality

    The Representative commits to maintaining confidentiality regarding all information identified or


    acknowledged as confidential by the Company, both during the term of this Agreement and for a
    period of ____________ years thereafter.

    Termination Effects

    Upon termination:

    1. The Representative will continue to accrue profit shares from ongoing sales directly
    attributable to their efforts.

    2. The Representative will direct any inquiries or questions concerning the product to the
    Company.

    3. The Representative will return or destroy any proprietary information belonging to the
    Company.

    Amendments

    Any modifications to this Agreement must be in writing and bear the signatures of both Parties for
    the amendments to be enforceable.

    Severability

    Should any provision of this Agreement be declared void or unenforceable by a court of competent
    jurisdiction, the remainder of the Agreement will continue in full force and effect.

    Dispute Resolution

    All disputes arising out of this Agreement shall be resolved through ____________
    (Arbitration/Mediation/Negotiation) and will be subject to the laws of ____________.

    Governing Law

    This Agreement is governed by the laws of ____________.


    Entire Agreement

    This document embodies the entire Agreement between the Parties and supersedes all previous
    agreements, understandings, and arrangements, whether oral or written, related to the subject
    matter herein.

    Signatures

    By affixing their signatures below, the Parties hereby consent to all terms and conditions set forth
    in this Agreement:

    COMPANY REPRESENTATIVE

    _____________________________ _____________________________
    Signed (signature) Signed (signature)

    _____________________________ _____________________________
    Print Name Print Name

    _____________________________ _____________________________
    Date Date

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