Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identification of the buyer and seller, including full legal names and addresses
2. Background: Context of the transaction, reference to the main purchase agreement, and purpose of the earnout arrangement
3. Definitions: Key terms used throughout the agreement, including financial metrics, calculation periods, and specific industry terminology
4. Earnout Structure: Framework of the earnout, including total potential value and earning periods
5. Calculation Methodology: Detailed explanation of how the earnout amounts will be calculated, including specific metrics and formulas
6. Payment Terms: Timing, method, and conditions for earnout payments
7. Business Operation Covenants: Requirements and restrictions regarding the operation of the business during the earnout period
8. Information Rights: Buyer's obligations to provide financial information and seller's audit/verification rights
9. Dispute Resolution: Process for resolving disagreements about calculations or interpretations
10. General Provisions: Standard contract clauses including governing law, notices, and amendments
1. Employee Retention Requirements: Used when earnout is contingent on key employee retention or performance
2. Acceleration Events: Include when parties want to specify events that trigger immediate payment of earnout (e.g., change of control)
3. Tax Treatment: Added when parties agree on specific tax characterization of payments
4. Security Provisions: Used when seller requires security for earnout payments
5. Non-Competition Provisions: Include when additional competitive restrictions during earnout period are needed
6. Force Majeure: Added when parties want to address impact of extraordinary events on earnout calculations
7. Parent Company Guarantee: Used when buyer's parent company guarantees earnout obligations
1. Schedule A - Earnout Calculation Examples: Detailed examples showing how earnout calculations work in various scenarios
2. Schedule B - Financial Metrics Definitions: Detailed definitions and calculations of financial metrics used in earnout calculations
3. Schedule C - Excluded Items: List of items to be excluded from earnout calculations (e.g., extraordinary items)
4. Schedule D - Reporting Template: Template for periodic financial reporting during earnout period
5. Schedule E - Key Personnel: List of key employees if relevant to earnout conditions
6. Appendix 1 - Base Case Financial Model: Financial model showing baseline assumptions for earnout targets
7. Appendix 2 - Dispute Resolution Procedures: Detailed procedures for resolving calculation disputes
Applicable Accounting Principles
Base Purchase Price
Business
Business Day
Calculation Period
Change of Control
Confidential Information
Dispute Notice
Earnout Amount
Earnout Calculation
Earnout Payment Date
Earnout Period
EBITDA
Excluded Items
Financial Statements
Force Majeure Event
Gross Revenue
Independent Accountant
Key Employees
Material Adverse Effect
Maximum Earnout Amount
Measurement Date
Net Revenue
Notice Period
Operating Budget
Performance Metrics
Purchase Agreement
Qualifying Revenue
Reference Period
Related Parties
Review Period
Target Business
Target Threshold
Working Capital
Definitions
Purchase Price Adjustment
Earnout Calculation
Payment Terms
Financial Statements
Information Rights
Audit Rights
Business Operations
Covenants
Representations and Warranties
Security
Confidentiality
Non-Competition
Non-Solicitation
Employee Retention
Dispute Resolution
Force Majeure
Assignment
Notices
Amendment and Waiver
Severability
Entire Agreement
Governing Law
Jurisdiction
Third Party Rights
Further Assurance
Counterparts
Time of Essence
Parent Company Guarantee
Acceleration Events
Tax Matters
Indemnification
Termination
Technology
Manufacturing
Professional Services
Healthcare
Retail
Financial Services
Real Estate
Media and Entertainment
Software and SaaS
Consumer Goods
Energy
Telecommunications
Legal
Finance
Corporate Development
Mergers & Acquisitions
Tax
Accounting
Business Development
Strategy
Executive Leadership
Treasury
Risk Management
Chief Executive Officer
Chief Financial Officer
Corporate Development Director
M&A Director
Legal Counsel
Corporate Lawyer
Investment Banker
Financial Controller
Business Development Manager
Integration Manager
Tax Director
Finance Director
Transaction Advisory Partner
Valuation Specialist
Due Diligence Manager
Find the exact document you need
Instalment Payment Agreement
A Canadian-compliant agreement establishing structured payment terms between creditor and debtor for debt repayment through scheduled instalments.
Guaranty Of Payment Form
A Canadian law-governed document establishing a guarantor's commitment to fulfill payment obligations of a principal debtor to a creditor.
Enforceable Payment Agreement
A Canadian-law governed agreement that establishes legally enforceable payment obligations between parties, including payment terms, interest, and enforcement provisions.
Honorarium Agreement Letter
A Canadian legal document formalizing the payment of an honorarium for voluntary or professional services, ensuring compliance with federal and provincial regulations.
Partial Payment Agreement Letter
A legally binding document used in Canadian jurisdictions to formalize an agreement between creditor and debtor for partial payment of outstanding debt with specific payment terms and conditions.
Affidavit Of Payment Agreement
A Canadian legal document combining a sworn statement with payment terms, executed before a Commissioner of Oaths or Notary Public.
Contract Of Repayment
A Canadian-law governed agreement that establishes legally binding terms for debt repayment, including payment schedule, interest rates, and default provisions.
Down Payment Agreement Letter
A Canadian legal document that formalizes the terms and conditions of a down payment between parties in a property or asset purchase transaction.
Contra Payment Agreement Letter
A Canadian-law governed document establishing terms for the exchange of goods or services instead of monetary payment between two parties.
Paid In Full Agreement
A Canadian law-compliant agreement documenting the full settlement of a debt obligation for a reduced amount, including payment terms and mutual releases.
Agreement To Pay
A Canadian-law governed agreement that formalizes debt obligations and establishes legally binding payment terms between parties.
Interim Payment Agreement
A Canadian law-governed agreement establishing terms for interim payments between parties, including payment schedules, conditions, and documentation requirements.
Auto Payment Contract
Canadian-compliant Auto Payment Contract establishing terms for recurring automated payments, adhering to federal and provincial regulations.
Contract To Pay Back Money Owed
A Canadian legal agreement that documents debt repayment terms, including amount owed, payment schedule, and interest rates in compliance with federal and provincial regulations.
Payment Agreement For Services Rendered
A Canadian-law governed agreement that establishes payment terms and conditions between service providers and clients for services rendered.
Instalment Purchase Agreement
A Canadian law-governed agreement establishing terms for purchasing goods through installment payments, including payment schedules, security interests, and party obligations.
Fee Payment Agreement
A Canadian-law governed agreement establishing terms and conditions for fee payments between parties, including payment schedules, methods, and obligations.
Collection Payment Agreement Letter
A legally binding document used in Canadian jurisdictions that establishes terms and conditions for debt repayment between creditors and debtors.
Car Damage Payment Agreement
A Canadian legal agreement establishing payment terms and conditions for vehicle damage compensation between involved parties.
Accident Payment Agreement
A Canadian legal document establishing settlement terms and payment arrangements between parties following an accident or injury, subject to federal and provincial regulations.
Money Owed Contract Agreement
A Canadian-compliant legal agreement documenting debt obligations, payment terms, and enforcement provisions between creditors and debtors.
Payment Takeover Contract
A Canadian law agreement governing the transfer of payment obligations from one party to another, establishing terms and conditions for assumption of debt.
Contract For Repayment Of Money
A Canadian-law governed agreement that establishes legally binding terms for monetary debt repayment, including principal amount, interest rates, and payment schedules.
Loan Payment Agreement
A Canadian-compliant agreement establishing loan repayment terms between lender and borrower, including principal, interest, and payment schedule details.
Recurring Payment Agreement
Canadian-compliant agreement establishing terms for automated recurring payment arrangements between service providers and customers.
Rental Agreement Advance Payment
Canadian-law governed rental agreement specifying terms for advance rent payment, including payment application structure and tenant-landlord obligations.
Pay Off Agreement
A Canadian-compliant legal agreement that establishes terms for settling an outstanding debt, typically for less than the original amount owed.
Pay Back Contract
A Canadian-law governed agreement that establishes legally binding terms for debt repayment between a lender and borrower, including principal, interest, and payment schedule.
Partial Payment Agreement For Lot
A Canadian legal agreement establishing terms for purchasing a lot through installment payments, ensuring compliance with federal and provincial real estate laws.
Partial Payment Agreement For House And Lot
A Canadian legal agreement establishing terms for purchasing property through scheduled partial payments, compliant with federal and provincial real estate regulations.
Non Payment Agreement
A Canadian-law governed agreement establishing terms for temporary suspension of payment obligations while preserving creditor rights.
Lot Payment Agreement
A Canadian legal agreement establishing terms for purchasing a lot through structured payments, including payment schedule and title transfer conditions.
Land Payment Agreement Letter
A Canadian legal document establishing payment terms and conditions for land transactions, subject to federal and provincial property laws.
Install Agreement
A Canadian-law governed agreement establishing terms and conditions for installation services, including technical specifications, safety requirements, and warranty provisions.
Final Payment Agreement
A Canadian law-governed agreement that formalizes the terms and conditions of a final payment to settle an outstanding debt or obligation.
Employee Repayment Agreement Letter
A Canadian jurisdiction document that formalizes an employee's agreement to repay specific funds to their employer, including payment terms and conditions.
Down Payment Contract
A Canadian legal agreement establishing the terms and conditions for a down payment in a purchase transaction, governed by federal and provincial laws.
Delayed Payment Agreement
A Canadian legal agreement that restructures existing payment obligations between parties, establishing new payment terms while ensuring compliance with federal and provincial regulations.
Commitment Letter To Pay Debt
A Canadian legal document establishing a debtor's formal commitment to repay a specified debt amount under defined terms and conditions.
Car Payment Takeover Agreement
A Canadian legal agreement facilitating the transfer of vehicle financing obligations from an original borrower to a new borrower, ensuring compliance with federal and provincial regulations.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it


.png)
.png)