Share Profit Agreement Template for Philippines

1. Non-Competition: Restricts parties from engaging in competing businesses - include when parties have access to sensitive business information

2. Intellectual Property Rights: Addresses ownership and usage of IP - include when the profit-sharing involves IP-dependent business

3. Foreign Investment Compliance: Additional provisions for compliance with Philippine foreign investment laws - include when foreign parties are involved

4. Change in Control: Procedures for handling ownership changes - include for long-term agreements or when dealing with corporate entities

5. Force Majeure: Provisions for handling unforeseen circumstances - include when business operations might be affected by external factors

6. Working Capital Contributions: Details additional capital contribution requirements - include when ongoing business operations require regular funding

7. Management Participation: Defines management rights and decision-making processes - include when parties have operational involvement

1. Profit Calculation Methodology: Detailed formula and examples of how profits will be calculated

2. Distribution Schedule: Timing and procedures for profit distributions throughout the year

3. Accounting Principles: Specific accounting standards and practices to be followed

4. Initial Capital Contributions: Details of any initial investments or contributions by parties

5. Authorized Representatives: List of individuals authorized to act on behalf of each party

6. Restricted Activities: Specific activities requiring mutual consent or prohibited under the agreement

7. Tax Treatment: Details of tax handling and responsibilities of each party