The Profit Sharing Agreement is a crucial document used to formalize arrangements where multiple parties agree to share profits from a business venture or specific project under Maltese jurisdiction. This document is particularly relevant in Malta's diverse business environment, which includes financial services, gaming, and maritime sectors. It details the precise mechanism for calculating and distributing profits, including accounting standards, payment schedules, and tax considerations in accordance with Maltese law. The agreement is essential for joint ventures, partnerships, and business collaborations where parties need to clearly define their economic rights and obligations. It includes specific provisions required under Maltese legislation regarding financial reporting, corporate governance, and regulatory compliance, making it suitable for both local and international business arrangements within Malta's legal framework.
Profit Sharing Agreement for Malta
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Profit Sharing Agreement
"I need a Profit Sharing Agreement for a technology joint venture in Malta between my software company and a cloud services provider, with specific provisions for IP protection and a 70-30 profit split, to be effective from March 2025."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the agreement, business relationship, and purpose
3. Definitions: Definitions of key terms used throughout the agreement, including 'Profits', 'Accounting Period', and 'Distribution Date'
4. Profit Sharing Structure: Core terms defining the profit sharing arrangement, including percentages and basis of sharing
5. Calculation of Profits: Detailed methodology for calculating distributable profits, including applicable accounting principles
6. Payment Terms: Timing, method, and currency of profit distributions
7. Accounting and Records: Requirements for maintaining financial records, audit rights, and reporting obligations
8. Representations and Warranties: Standard representations regarding capacity, authority, and compliance with laws
9. Confidentiality: Provisions protecting confidential information and trade secrets
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law
12. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Tax Provisions: Detailed tax handling and withholding obligations - include when parties are in different tax jurisdictions
2. Intellectual Property: IP ownership and licensing terms - include when profit sharing involves IP exploitation
3. Non-Competition: Restrictions on competitive activities - include when parties may have competing interests
4. Management Participation: Rights to participate in management decisions - include when profit sharing includes management rights
5. Exit Provisions: Procedures for party exit or buyout - include when long-term partnership is contemplated
6. Regulatory Compliance: Specific regulatory obligations - include when operating in regulated industries
7. Force Majeure: Provisions for unforeseen circumstances - include when external factors could significantly impact profits
1. Schedule 1 - Profit Calculation Methodology: Detailed formula and examples of profit calculations
2. Schedule 2 - Accounting Principles: Specific accounting standards and practices to be followed
3. Schedule 3 - Distribution Schedule: Timing and mechanics of profit distributions
4. Schedule 4 - Initial Business Plan: Projected financials and business objectives
5. Schedule 5 - Reporting Template: Standard format for financial reports and profit calculations
6. Appendix A - Key Performance Indicators: Metrics used for performance measurement and profit adjustments
7. Appendix B - Authorized Representatives: List of persons authorized to act on behalf of each party
Authors
Relevant legal definitions
Agreement
Accounting Period
Applicable Law
Business Day
Business Plan
Commencement Date
Confidential Information
Distribution Date
Effective Date
Excluded Costs
Financial Year
Force Majeure Event
Gross Profit
Initial Term
Intellectual Property Rights
Management Accounts
Material Adverse Effect
Net Profit
Operating Expenses
Parties
Payment Date
Profit Share
Profit Share Percentage
Quarter
Regulatory Authority
Revenue
Services
Share
Term
Territory
Third Party
Working Capital
GAAP
IFRS
Material Breach
Permitted Recipients
Related Party
Reserved Matters
Tax
Termination Date
Venture
Accounting Period
Applicable Law
Business Day
Business Plan
Commencement Date
Confidential Information
Distribution Date
Effective Date
Excluded Costs
Financial Year
Force Majeure Event
Gross Profit
Initial Term
Intellectual Property Rights
Management Accounts
Material Adverse Effect
Net Profit
Operating Expenses
Parties
Payment Date
Profit Share
Profit Share Percentage
Quarter
Regulatory Authority
Revenue
Services
Share
Term
Territory
Third Party
Working Capital
GAAP
IFRS
Material Breach
Permitted Recipients
Related Party
Reserved Matters
Tax
Termination Date
Venture
Clauses
Interpretation
Definitions
Duration
Profit Calculation
Distribution Rights
Payment Terms
Accounting and Records
Audit Rights
Reporting Requirements
Management Rights
Confidentiality
Non-Competition
Intellectual Property
Representations and Warranties
Tax Compliance
Regulatory Compliance
Force Majeure
Termination
Default
Assignment
Notices
Amendment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Third Party Rights
Further Assurance
Costs
Counterparts
Data Protection
Anti-corruption
Exit Rights
Good Faith
Indemnification
Definitions
Duration
Profit Calculation
Distribution Rights
Payment Terms
Accounting and Records
Audit Rights
Reporting Requirements
Management Rights
Confidentiality
Non-Competition
Intellectual Property
Representations and Warranties
Tax Compliance
Regulatory Compliance
Force Majeure
Termination
Default
Assignment
Notices
Amendment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Third Party Rights
Further Assurance
Costs
Counterparts
Data Protection
Anti-corruption
Exit Rights
Good Faith
Indemnification
Relevant Industries
Financial Services
Technology
Real Estate
Manufacturing
Retail
Professional Services
Healthcare
Entertainment
Tourism and Hospitality
E-commerce
Construction
Maritime
Gaming and iGaming
Renewable Energy
Relevant Teams
Legal
Finance
Corporate Affairs
Tax
Compliance
Business Development
Operations
Strategy
Investment
Risk Management
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Financial Director
Legal Counsel
Business Development Manager
Partnership Manager
Corporate Lawyer
Finance Manager
Account Director
Investment Manager
Managing Director
Company Secretary
Tax Manager
Operations Director
Compliance Officer
Find the exact document you need
No items found.
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)