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1. Parties: Identifies and provides full details of all parties to the agreement
2. Background: Sets out the context and purpose of the agreement, including the business relationship between the parties
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles
4. Term and Commencement: Specifies when the agreement starts and its duration
5. Profit Calculation: Details the methodology for calculating distributable profits, including relevant accounting principles
6. Distribution Mechanism: Specifies the profit sharing ratios, timing, and method of profit distributions
7. Payment Terms: Sets out the mechanics of how and when payments will be made
8. Accounting and Records: Establishes requirements for maintaining financial records and conducting audits
9. Reporting Requirements: Defines the financial reporting obligations between parties
10. Confidentiality: Protects sensitive business information shared between parties
11. Dispute Resolution: Establishes procedures for resolving disagreements
12. Termination: Specifies circumstances and procedures for ending the agreement
13. General Provisions: Standard legal clauses including notices, governing law, and entire agreement
1. Non-Competition: Restricts parties from engaging in competing businesses - used when parties have access to sensitive business information
2. Intellectual Property: Addresses ownership and usage of IP - included when the profit-generating activities involve intellectual property
3. Employee Participation: Specific terms for employee profit sharing schemes - used when employees are included in the arrangement
4. Tax Provisions: Detailed tax handling procedures - included for cross-border arrangements or complex tax situations
5. Change of Control: Procedures for handling ownership changes - important for corporate parties
6. Force Majeure: Provisions for handling unforeseen circumstances - relevant for long-term agreements
7. Working Capital Requirements: Specifications for maintaining operational capital - needed for agreements involving ongoing business operations
1. Schedule 1 - Profit Calculation Formula: Detailed mathematical formula and methodology for calculating distributable profits
2. Schedule 2 - Distribution Matrix: Detailed breakdown of profit sharing percentages and thresholds
3. Schedule 3 - Accounting Principles: Specific accounting standards and principles to be applied
4. Schedule 4 - Reporting Template: Standard format for regular financial reports
5. Schedule 5 - Authorized Representatives: List of persons authorized to act on behalf of each party
6. Appendix A - Initial Business Plan: If applicable, the initial business plan or profit projections
7. Appendix B - Tax Treatment: Detailed tax considerations and arrangements between parties
Agreed Profit Share
Applicable Law
Auditor
Business Day
Business Hours
Commencement Date
Confidential Information
Distributable Profits
Distribution Date
Effective Date
Eligible Employees
Financial Year
Force Majeure Event
Gross Profit
Initial Term
Intellectual Property Rights
Management Accounts
Net Profit
Operating Expenses
Participating Party
Payment Date
Profit Calculation Method
Profit Distribution Formula
Profit Share Percentage
Profit Sharing Period
Related Entity
Relevant Business
Revenue
Review Date
Special Distribution
Termination Date
Territory
Working Capital
Definitions
Term and Duration
Profit Calculation
Distribution Rights
Payment Terms
Accounting and Records
Audit Rights
Reporting Obligations
Confidentiality
Non-Competition
Intellectual Property
Representations and Warranties
Tax Compliance
Force Majeure
Dispute Resolution
Termination
Assignment
Notices
Amendment
Severability
Entire Agreement
Governing Law
Working Capital
Management Rights
Default and Remedies
Indemnification
Change of Control
Good Faith
Waiver
Professional Services
Technology and Software
Retail and Consumer Goods
Manufacturing
Real Estate and Property
Financial Services
Healthcare
Construction
Mining and Resources
Agriculture
Hospitality and Tourism
Media and Entertainment
Legal
Finance
Human Resources
Executive Leadership
Operations
Tax
Compliance
Commercial
Business Development
Accounting
Chief Executive Officer
Chief Financial Officer
Managing Director
Finance Director
Business Development Manager
Corporate Lawyer
Financial Controller
Partnership Manager
Human Resources Director
Operations Manager
Investment Manager
Commercial Director
Tax Manager
Compliance Officer
Business Owner
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