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1. Parties: Identification and details of all partners entering into the profit sharing agreement
2. Background: Context of the partnership and purpose of the profit sharing arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Profit', 'Financial Year', 'Business', etc.
4. Partnership Structure: Legal form of the partnership and partners' roles and responsibilities
5. Capital Contributions: Details of initial and ongoing capital contributions by each partner
6. Profit Definition and Calculation: Clear methodology for calculating distributable profits
7. Profit Distribution: Formula and mechanisms for profit sharing among partners
8. Management and Decision Making: Governance structure and decision-making processes
9. Accounting and Financial Records: Requirements for maintaining books, records, and financial statements
10. Tax Matters: Handling of tax obligations and responsibilities
11. Term and Termination: Duration of the agreement and conditions for termination
12. Governing Law: Confirmation of German law application and jurisdiction
13. Dispute Resolution: Procedures for resolving disagreements between partners
14. Miscellaneous Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Intellectual Property Rights: Provisions for IP ownership and sharing when the partnership involves intellectual property
2. Non-Competition: Restrictions on partners' involvement in competing businesses
3. Silent Partner Provisions: Special provisions when including silent partners (stille Gesellschafter)
4. International Operations: Additional provisions for partnerships operating across borders
5. Loss Sharing: Specific provisions for sharing losses if different from profit sharing
6. Working Capital Requirements: Provisions for maintaining and managing working capital
7. Exit Mechanisms: Detailed procedures for partner exit or buy-out scenarios
8. Insurance Requirements: Specific insurance obligations for the partnership
1. Schedule 1: Capital Contributions: Detailed list of initial capital contributions by each partner
2. Schedule 2: Profit Sharing Formula: Detailed calculations and examples of profit sharing mechanisms
3. Schedule 3: Accounting Principles: Specific accounting policies and procedures to be followed
4. Schedule 4: Partner Details: Complete partner information including contact details and bank accounts
5. Schedule 5: Business Plan: Initial business plan and financial projections
6. Appendix A: Financial Reporting Template: Standard format for regular financial reporting
7. Appendix B: Partner Resolution Template: Standard format for documenting partner decisions
8. Appendix C: Compliance Checklist: List of regulatory and legal compliance requirements
Accounting Period
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Confidential Information
Distributable Profit
Effective Date
Financial Year
General Partner
German GAAP
Gross Profit
Initial Capital
Intellectual Property Rights
Limited Partner
Management Board
Net Profit
Operating Expenses
Partner
Partnership
Partnership Assets
Partnership Interest
Profit
Profit Share
Profit Distribution
Quarter
Reserved Matters
Revenue
Silent Partner
Tax Year
Territory
Working Capital
Working Day
Partnership Structure
Capital Contributions
Profit Calculation
Profit Distribution
Loss Allocation
Management Rights
Voting Rights
Partner Obligations
Financial Records
Banking Arrangements
Accounting
Tax Matters
Confidentiality
Non-Competition
Intellectual Property
Decision Making
Reserved Matters
Transfer of Interest
Admission of Partners
Withdrawal of Partners
Death of Partner
Termination
Events of Default
Force Majeure
Dispute Resolution
Governing Law
Notices
Amendment
Assignment
Severability
Entire Agreement
Further Assurance
Costs
Compliance with Laws
Professional Services
Manufacturing
Retail
Technology
Consulting
Real Estate
Healthcare
Construction
Financial Services
Agriculture
Hospitality
Media and Entertainment
Energy
Transport and Logistics
Education and Training
Legal
Finance
Executive Leadership
Tax
Compliance
Operations
Business Development
Partnership Management
Corporate Governance
Administrative Support
Managing Partner
Chief Executive Officer
Chief Financial Officer
Business Owner
Finance Director
Legal Counsel
Tax Director
Managing Director
Partnership Manager
Account Manager
Business Development Manager
Operations Director
Compliance Officer
Financial Controller
Partnership Administrator
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