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1. Parties: Identification of all parties to the agreement, including their legal status and contact details
2. Background/Recitals: Context of the agreement, including business premises details and purpose of the arrangement
3. Definitions and Interpretation: Definitions of key terms including 'Gross Revenue', 'Net Profits', 'Operating Expenses', etc.
4. Term and Commencement: Duration of the agreement and conditions for commencement
5. Profit Sharing Structure: Detailed mechanism for calculating and distributing profits, including profit-sharing ratios
6. Financial Management: Procedures for accounting, bookkeeping, and financial reporting
7. Operational Responsibilities: Division of management responsibilities and operational control
8. Capital Contributions: Initial and ongoing capital requirements and contributions from parties
9. Management Rights and Decisions: Decision-making process and voting rights for business operations
10. Banking and Financial Controls: Banking arrangements and financial control mechanisms
11. Representations and Warranties: Standard business representations and specific restaurant-related warranties
12. Covenants: Ongoing obligations of all parties including regulatory compliance
13. Default and Termination: Events of default and termination procedures
14. Dispute Resolution: Process for resolving disputes between parties
15. General Provisions: Standard boilerplate clauses including notices, amendments, governing law
1. Multiple Location Provisions: Required when profit sharing applies to multiple restaurant locations
2. Intellectual Property Rights: Needed when brand name, recipes, or other IP is involved in the arrangement
3. Non-Compete and Confidentiality: Important when sharing sensitive business information or protecting market position
4. Employee Transfer and Management: Required when staff may transfer between parties or locations
5. Third Party Agreements: Necessary when dealing with franchises or external service providers
6. Insurance and Indemnification: Detailed insurance requirements and indemnification provisions
7. Exit Strategy: Specific provisions for planned exit or buy-out options
1. Schedule A - Profit Calculation Methodology: Detailed formula and examples for calculating distributable profits
2. Schedule B - Restaurant Premises Details: Specific details of location(s), including licenses and permits
3. Schedule C - Initial Capital Contributions: Itemized list of initial investments by each party
4. Schedule D - Operating Expenses: Comprehensive list of included and excluded operating expenses
5. Schedule E - Management Structure: Organizational chart and management responsibilities
6. Schedule F - Financial Reporting Templates: Standard formats for regular financial reporting
7. Schedule G - Insurance Requirements: Detailed insurance coverage requirements and minimums
8. Appendix 1 - Required Licenses and Permits: List of all necessary operational licenses and permits
9. Appendix 2 - Financial Audit Procedures: Procedures and timeframes for financial audits
Applicable Law
Approved Budget
Business Day
Business Hours
Capital Contribution
Commencement Date
Confidential Information
Effective Date
Financial Year
Force Majeure Event
Gross Revenue
Initial Term
Intellectual Property Rights
Management Services
Net Profits
Operating Expenses
Operating License
Premises
Profit Share
Profit Sharing Period
Regulatory Approvals
Restaurant
Restaurant Assets
Revenue Share
Term
Working Capital
Accounting Period
Affiliate
Annual Business Plan
Authorized Representative
Bank Account
Base Costs
Brand
Business
Chef Services
Competitor
Control
Default Event
Dispute
Excluded Costs
FSSAI License
GST
Initial Investment
Insurance Policies
Inventory
Key Performance Indicators
Management Committee
Material Adverse Effect
Menu
Operating Procedures
Partner
Personnel
Property
Quarter
Related Party
Required Licenses
Reserved Matters
Review Period
Security Deposit
Service Quality Standards
Staff
Standard Operating Procedures
Tax
Territory
Third Party
Interpretation
Term and Duration
Profit Sharing
Financial Management
Capital Contribution
Operational Management
Decision Making
Restaurant Operations
Food Safety and Hygiene
Licensing and Permits
Financial Reporting
Audit Rights
Management Rights
Personnel Management
Intellectual Property
Confidentiality
Non-Compete
Insurance
Indemnification
Force Majeure
Representations and Warranties
Covenants
Default
Termination
Dispute Resolution
Governing Law
Assignment
Notices
Amendment
Severability
Entire Agreement
Third Party Rights
Compliance
Brand Standards
Quality Control
Record Keeping
Bank Accounts
Tax Compliance
Business Planning
Competition Restrictions
Exit Rights
Asset Management
Customer Service
Menu Control
Marketing and Promotion
Food and Beverage
Hospitality
Restaurant Industry
Food Service
Retail
Franchise Business
Catering
Hospitality Management
Food and Beverage Distribution
Legal
Finance
Operations
Commercial
Business Development
Compliance
Food and Beverage
Investment
Risk Management
Corporate Development
Restaurant Owner
Chief Financial Officer
Operations Director
General Manager
Restaurant Manager
Financial Controller
Business Development Manager
Legal Counsel
Commercial Director
Chef-Partner
Investment Manager
Franchise Manager
Compliance Officer
Restaurant Consultant
Food and Beverage Director
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