Restaurant Profit Sharing Agreement Template for Philippines

1. Intellectual Property Rights: Include when the restaurant involves unique branding, recipes, or proprietary processes that need protection

2. Non-Compete Clause: Include when parties want to restrict involvement in competing businesses

3. Insurance Requirements: Include when specifying mandatory insurance coverage for the business

4. Employee Management: Include when parties need to specify responsibilities for hiring, managing, and compensating staff

5. Marketing and Promotion: Include when defining responsibilities and cost-sharing for marketing activities

6. Property and Equipment: Include when clarifying ownership and maintenance responsibilities for restaurant assets

7. Force Majeure: Include when parties want to address unforeseen circumstances affecting business operations

1. Schedule A - Profit Calculation Methodology: Detailed formula and examples for calculating distributable profit

2. Schedule B - Operating Budget: Initial operating budget and guidelines for future budget preparation

3. Schedule C - Restaurant Assets Inventory: List of all equipment, fixtures, and assets included in the business

4. Schedule D - Management Structure: Organizational chart and key personnel responsibilities

5. Schedule E - Required Licenses and Permits: List of necessary business permits and responsible parties

6. Appendix 1 - Financial Reporting Template: Standard format for regular financial reports

7. Appendix 2 - Operating Procedures: Standard operating procedures for the restaurant