All Countries
Mergers & Acquisitions
Joint Venture Profit Sharing Agreement

Joint Venture Profit Sharing Agreement Template for South Africa

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Joint Venture Profit Sharing Agreement

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:

Joint Venture Profit Sharing Agreement

"I need a Joint Venture Profit Sharing Agreement for a technology company partnering with a B-BBEE level 1 company in South Africa, with specific focus on software development and IP protection, planned to commence operations in March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Joint Venture Profit Sharing Agreement is essential for businesses looking to collaborate in the South African market while maintaining clear terms for profit distribution. This document type is particularly relevant when two or more entities wish to combine resources, expertise, or market access while maintaining separate legal identities. The agreement must comply with South African legislative requirements, including the Companies Act 71 of 2008, B-BBEE regulations, and relevant tax laws. It typically includes detailed provisions for capital contributions, profit calculation methodologies, distribution mechanisms, and management rights. The document is especially important in contexts where parties bring different strengths to the venture, such as one partner providing technical expertise while another contributes local market knowledge or B-BBEE credentials.
Suggested Sections

1. Parties: Identification and details of all parties entering into the joint venture agreement

2. Background: Context of the joint venture, including the business purpose and objectives

3. Definitions and Interpretation: Comprehensive list of defined terms and interpretation rules used throughout the agreement

4. Joint Venture Establishment: Formation of the joint venture, including structure, name, and business scope

5. Capital Contributions: Details of initial and subsequent capital contributions by each party

6. Profit Sharing Formula: Detailed mechanism for calculating and distributing profits between parties

7. Management and Control: Governance structure, decision-making processes, and voting rights

8. Financial Management: Procedures for financial administration, accounting policies, and audit requirements

9. Obligations of the Parties: Specific responsibilities and commitments of each party

10. B-BBEE Compliance: Provisions ensuring compliance with South African B-BBEE requirements

11. Confidentiality: Protection of confidential information and trade secrets

12. Duration and Termination: Term of the agreement and circumstances for termination

13. Dispute Resolution: Procedures for resolving disputes between parties

14. General Provisions: Standard legal provisions including notices, amendments, and governing law

Optional Sections

1. Intellectual Property Rights: Required when the joint venture involves creation or use of intellectual property

2. Non-Competition: Include when parties need restrictions on competing activities

3. Employee Matters: Necessary when the joint venture will have its own employees or shared staff

4. Export Control: Required for joint ventures involved in international trade

5. Environmental Compliance: Include for ventures in industries with environmental impact

6. Technology Transfer: Needed when the joint venture involves technology sharing or licensing

7. Force Majeure: Include when specific provisions for unforeseen circumstances are required

8. Anti-Corruption Compliance: Important for ventures with international partners or public sector involvement

Suggested Schedules

1. Schedule 1: Business Plan: Detailed business plan including market analysis and financial projections

2. Schedule 2: Capital Contributions: Itemized list of initial and committed capital contributions

3. Schedule 3: Profit Sharing Calculations: Detailed formulas and examples of profit sharing calculations

4. Schedule 4: Management Structure: Organizational chart and management roles

5. Schedule 5: Key Performance Indicators: Metrics for measuring joint venture performance

6. Schedule 6: Accounting Policies: Detailed accounting procedures and policies

7. Schedule 7: B-BBEE Structure: Detailed B-BBEE ownership and compliance structure

8. Appendix A: Share Certificate Specimens: Templates of share certificates if applicable

9. Appendix B: Required Resolutions: Corporate resolutions authorizing the joint venture

10. Appendix C: Key Contracts: Copies of material contracts affecting the joint venture

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Accounting Period
Affiliate
B-BBEE
B-BBEE Act
Board
Business
Business Day
Business Plan
Capital Contribution
Companies Act
Confidential Information
Control
Defaulting Party
Directors
Effective Date
Encumbrance
Financial Year
Force Majeure Event
Governing Law
Initial Capital
Intellectual Property Rights
Joint Venture
Joint Venture Agreement
Joint Venture Assets
Management Committee
Material Breach
Net Profit
Non-defaulting Party
Operating Costs
Parties
Profit Share
Profit Distribution
Related Party
Reserved Matters
SARS
Shareholders Agreement
Special Resolution
Territory
Transfer
Venture Operations
Working Capital
Clauses
Interpretation
Formation of Joint Venture
Duration and Term
Capital Contributions
Profit Sharing
Management and Control
Board Composition
Shareholder Rights
Voting Rights
Financial Management
Accounting and Audit
Banking Arrangements
B-BBEE Compliance
Business Operations
Operational Management
Decision Making
Reserved Matters
Competition Restrictions
Confidentiality
Intellectual Property
Tax Matters
Exchange Control
Information Rights
Transfer Restrictions
Pre-emptive Rights
Tag-Along Rights
Drag-Along Rights
Deadlock Resolution
Default Events
Termination
Exit Mechanisms
Force Majeure
Dispute Resolution
Governing Law
Notices
Assignment
Amendment
Severability
Entire Agreement
Costs and Expenses
Warranties and Representations
Relevant Industries

Mining and Resources

Manufacturing

Technology and IT

Financial Services

Agriculture

Construction and Real Estate

Retail and Consumer Goods

Energy and Utilities

Healthcare

Transportation and Logistics

Telecommunications

Professional Services

Relevant Teams

Legal

Finance

Corporate Development

Commercial

Tax

Compliance

Business Development

Executive Leadership

Operations

Risk Management

Strategic Planning

Corporate Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Director

Commercial Director

Business Development Manager

Corporate Finance Manager

Joint Venture Manager

Compliance Officer

Tax Manager

Business Unit Head

Managing Director

Partnership Director

Investment Manager

Operations Director

Company Secretary

Industries
Companies Act 71 of 2008: Primary legislation governing company formation, operation, and dissolution in South Africa. Relevant for establishing the joint venture structure and corporate governance requirements.
Income Tax Act 58 of 1962: Regulates taxation of business profits and distributions. Critical for structuring profit sharing arrangements and ensuring tax efficiency.
Competition Act 89 of 1998: Ensures the joint venture doesn't create anti-competitive market conditions. May require notification or approval depending on the size and market impact.
Broad-Based Black Economic Empowerment Act 53 of 2003: Mandates compliance with B-BBEE requirements, which may affect the structure of ownership and profit sharing arrangements in the joint venture.
Exchange Control Regulations (Currency and Exchanges Act 9 of 1933): Governs cross-border financial transactions if the joint venture involves foreign partners or international profit repatriation.
Consumer Protection Act 68 of 2008: May be relevant if the joint venture's activities involve providing goods or services to consumers.
Value-Added Tax Act 89 of 1991: Regulates VAT obligations of the joint venture, which will affect profit calculations and distributions.
Protection of Personal Information Act 4 of 2013: Governs the handling of personal information if the joint venture collects or processes personal data.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Joint Venture Term Sheet

A South African law-governed preliminary document outlining key terms and conditions for a proposed joint venture, serving as a roadmap for detailed negotiations.

find out more

Joint Venture Agreement For (Construction)

A South African law-governed agreement establishing a construction joint venture, incorporating local regulatory requirements including B-BBEE compliance and CIDB regulations.

find out more

Joint Venture Agreement For Tender

A South African law-governed agreement establishing a joint venture between parties for tender participation, incorporating B-BBEE and local regulatory requirements.

find out more

Joint Venture Agreement For Bidding

South African joint venture agreement for collaborative bidding, addressing tender participation, profit sharing, and regulatory compliance including B-BBEE requirements.

find out more

Joint Venture Distribution Agreement

A South African law-governed agreement establishing both a joint venture entity and distribution arrangement between parties, combining collaborative business ownership with product distribution rights.

find out more

50 50 Joint Venture Agreement

A South African law-governed agreement establishing a 50-50 joint venture partnership with equal control and profit sharing arrangements.

find out more

Restaurant Joint Venture Agreement

A South African law-governed agreement establishing a joint venture partnership for restaurant operations, covering operational, financial, and regulatory requirements.

find out more

Joint Venture Agreement For Film Production

A South African law-governed agreement establishing a joint venture between parties for collaborative film production, addressing key operational, financial, and legal aspects.

find out more

Joint Business Partnership Agreement

A South African law-governed agreement establishing a business partnership, defining partners' rights, obligations, and operational framework.

find out more

Apartment Joint Venture Agreement

South African joint venture agreement for apartment property development and management, compliant with local property and companies legislation.

find out more

Pre Bid Joint Venture Agreement

A South African law agreement governing the collaboration between parties forming a joint venture for the purpose of preparing and submitting a specific bid or tender.

find out more

Joint Venture Dissolution Agreement

A South African law-governed agreement that formally dissolves a joint venture arrangement and settles all related rights and obligations between the parties.

find out more

Joint Venture Letter Of Intent

A preliminary agreement under South African law outlining key terms and conditions for a proposed joint venture collaboration, serving as a framework for detailed negotiations.

find out more

Joint Venture Profit Sharing Agreement

A South African law-governed agreement establishing profit sharing arrangements between joint venture partners, incorporating local regulatory and B-BBEE requirements.

find out more

Consortium Agreement Between Companies

A South African law-governed agreement establishing a consortium between multiple companies, defining their rights, obligations, and operational framework.

find out more

Unincorporated Joint Venture Agreement

South African law-governed agreement establishing an unincorporated joint venture between parties for specific business collaboration without creating a separate legal entity.

find out more

Joint Venture Memorandum Of Understanding

A South African law-governed preliminary agreement outlining the framework and key terms for establishing a joint venture between multiple parties.

find out more

Joint Venture And Shareholders Agreement

A South African law-governed agreement establishing a joint venture structure and governing the relationship between joint venture partners as shareholders.

find out more

Contractual Joint Venture Agreement

A South African law-governed agreement establishing a contractual joint venture between parties, defining their rights, obligations, and collaborative framework without creating a separate legal entity.

find out more

Joint Venture Contract

A South African law-governed agreement establishing a joint venture between multiple parties, covering ownership, management, and operational aspects while ensuring B-BBEE compliance.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.