Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identification of all parties to the agreement, including their legal status and registered addresses
2. Background: Context of the agreement, business relationship between parties, and purpose of the profit-sharing arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Profits', 'Accounting Period', and 'Distribution Date'
4. Profit Calculation: Methodology for calculating distributable profits, including acceptable accounting principles and specific inclusions/exclusions
5. Profit Distribution: Details of how profits will be shared, including percentages, timing, and method of payment
6. Accounting and Records: Requirements for maintaining financial records, conducting audits, and providing financial statements
7. Payment Terms: Specifics of payment mechanics, currency, bank accounts, and handling of tax obligations
8. Representations and Warranties: Standard representations about legal capacity, authority, and accuracy of financial information
9. Confidentiality: Provisions protecting sensitive financial and business information
10. Duration and Termination: Term of the agreement and circumstances under which it can be terminated
11. Dispute Resolution: Process for resolving disagreements about profit calculations or distributions
12. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, and jurisdiction
1. Management Participation: Required when profit sharing includes participation in management decisions
2. Intellectual Property Rights: Needed when profit sharing relates to specific IP or technology
3. Non-Competition: Include when parties need to be restricted from competing activities
4. Employee Profit Sharing Scheme: Required when agreement includes employee profit sharing arrangements
5. Transfer Restrictions: Include when there are limitations on transferring profit sharing rights
6. Tag-Along/Drag-Along Rights: Needed for agreements involving multiple shareholders or business sale scenarios
7. Force Majeure: Include when specific events might affect profit generation or distribution
8. B-BBEE Compliance: Required for South African agreements needing to address B-BBEE requirements
1. Profit Calculation Formula: Detailed mathematical formula and examples for calculating distributable profits
2. Distribution Schedule: Timeline and specific dates for profit distributions throughout the year
3. Accounting Principles: Specific accounting standards and principles to be applied
4. Excluded Costs and Expenses: Detailed list of items to be excluded from profit calculations
5. Bank Account Details: Designated accounts for profit distributions
6. Initial Capital Contributions: Record of any initial investments or contributions affecting profit sharing
7. Tax Treatment: Specific tax considerations and calculations applicable to the profit sharing
8. Reporting Templates: Standard formats for financial reporting and profit calculations
Agreed Profit Share
Agreement Date
Applicable Laws
Auditors
Base Profit
Business
Business Day
Calculation Date
Commencement Date
Confidential Information
Distributable Profits
Distribution Date
Effective Date
Eligible Profits
Excluded Costs
Financial Year
Force Majeure Event
Gross Profit
Group Companies
Initial Capital Contribution
Net Profit
Operating Costs
Operating Profit
Participating Parties
Parties
Payment Date
Profit Distribution Formula
Profit Share
Profit Sharing Period
Qualifying Revenue
Related Parties
Relevant Percentage
Revenue
SARS
Signature Date
Tax Year
Territory
Termination Date
Working Capital
Definitions
Duration
Calculation of Profits
Distribution of Profits
Payment Terms
Accounting and Records
Audit Rights
Tax Provisions
Representations and Warranties
Confidentiality
Non-Competition
Intellectual Property
Force Majeure
Management Rights
Decision Making
Transfer Rights
Change of Control
Termination
Default
Dispute Resolution
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Good Faith
Costs
Compliance with Laws
Anti-corruption
B-BBEE Compliance
Data Protection
Indemnification
Insurance
Further Assurance
Relationship of Parties
Announcements
Counterparts
Financial Services
Manufacturing
Mining
Technology
Retail
Professional Services
Agriculture
Construction
Healthcare
Real Estate
Hospitality
Education
Energy
Transportation
Media and Entertainment
Legal
Finance
Human Resources
Compliance
Tax
Operations
Risk Management
Corporate Governance
Business Development
Investment
Commercial
Strategy
Executive Management
Chief Executive Officer
Chief Financial Officer
Financial Director
Legal Counsel
Commercial Director
Business Development Manager
Human Resources Director
Company Secretary
Investment Manager
Partnership Manager
Compliance Officer
Tax Manager
Financial Controller
Operations Director
Risk Manager
Find the exact document you need
Common Agreement
A standard contractual framework under South African law that establishes fundamental terms and conditions for business relationships.
Bilateral Contract
A South African law-compliant bilateral contract establishing mutual obligations between two parties with enforceable terms and conditions.
Basic Ordering Agreement
A South African law-governed framework agreement establishing terms and conditions for future orders between parties.
Consignment Agreement Form
A South African legal document establishing terms for consignment sales arrangements, where goods ownership remains with the supplier until final sale.
Contract Agreement Form
A versatile Contract Agreement Form template compliant with South African law, suitable for various commercial relationships and business arrangements.
Written Agreement
A formal legal document governed by South African law that establishes contractual relationships between parties, defining their rights and obligations.
Side Agreement
A South African law-governed supplementary agreement that modifies or adds to an existing main agreement while maintaining its core structure.
Incorporation Agreement
A South African law-governed agreement establishing a new company's structure, governance, and shareholder relationships under the Companies Act 71 of 2008.
Formal Agreement
A legally binding agreement governed by South African law that formalizes relationships between parties, ensuring compliance with local legislation and establishing clear terms and obligations.
Casual Worker Contract
A South African-compliant casual worker employment contract establishing terms and conditions for temporary employment relationships.
Business Transfer Agreement
A South African law-governed agreement for the transfer of a business as a going concern, including assets, employees, and liabilities.
Boilerplate Agreement
A standard agreement template compliant with South African law, providing essential contractual framework for business relationships.
Amended Contract
A South African law-governed document that formally modifies terms and conditions of an existing contract while maintaining its validity.
Tooling Agreement
A South African law-governed agreement establishing terms for industrial tool design, manufacture, supply, and maintenance, compliant with local manufacturing and safety regulations.
Service Agreement Terms And Conditions
South African service agreement terms and conditions document establishing the legal framework for service provision between providers and clients.
Representation Agreement
A South African law-governed agreement establishing the terms and conditions under which a Representative may act on behalf of a Principal.
Common Terms Agreement
A master agreement under South African law that establishes common terms across multiple facility agreements in syndicated lending arrangements.
Buyer Agency Agreement
A South African legal agreement establishing an estate agent's authority to represent a buyer in property transactions, governed by local real estate laws.
Labour Contract Copy
A South African employment agreement establishing terms and conditions of employment in compliance with local labor laws.
Employee Agreement Form
A South African law-compliant employment agreement establishing terms and conditions between employer and employee.
Statement Of Agreement
A formal document under South African law recording mutual understanding and agreed terms between parties, serving as a binding record of arrangements and commitments.
Rent In Exchange For Services Agreement
A South African law-governed agreement establishing terms for accommodation provided in exchange for specified services.
Contractual Agreement
A legally binding Contractual Agreement template compliant with South African law and commercial practices.
Security Agreement Form
A South African law-governed agreement creating security interests over assets, detailing the security arrangements and enforcement rights between a security provider and secured party.
Business Cooperation Agreement
A South African law-governed agreement establishing terms and conditions for business collaboration between multiple parties.
Employee Training Reimbursement Agreement
A South African law-compliant agreement setting out terms for employer-funded training and employee reimbursement obligations.
Terms Of Business Agreement
A South African law-governed agreement establishing core business terms and conditions between service providers and clients.
Contract Of Indemnity And Guarantee
A South African law-governed agreement establishing guarantee and indemnity obligations, defining terms for financial security and risk mitigation between parties.
Intent To Purchase Agreement
A South African legal document expressing formal intention to purchase property or assets, outlining preliminary terms and conditions for the proposed transaction.
Professional Services Retainer Agreement
A South African law-governed agreement establishing terms for ongoing professional services delivery under a retainer arrangement.
Supply Contract Form
A South African law-governed agreement establishing terms and conditions for the regular supply of goods or services between supplier and purchaser.
Business Contract
South African business contract template incorporating key legislative requirements and commercial terms for business-to-business relationships.
Umbrella Agreement
A South African law-governed master agreement establishing framework terms for future specific agreements between parties.
Share Purchase Agreement
A South African law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company.
Professional Services Contract
A South African law-governed agreement establishing terms and conditions for professional services delivery between a service provider and client.
Consulting Services Agreement
South African law-governed agreement establishing terms and conditions for consulting services provision, including scope, payments, and compliance requirements.
Buyer Representation Agreement
A South African law-compliant agreement establishing professional representation between a property buyer and real estate agent, outlining services, duties, and compensation terms.
Master Service Agreement
A South African law-governed framework agreement establishing core terms for ongoing service delivery relationships between service providers and clients.
Yearly Contract Agreement
A one-year contractual agreement compliant with South African law, establishing terms, conditions, and obligations between parties.
White Label Agreement
A South African law-governed agreement enabling one party to rebrand and market another party's products/services under their own brand, with defined terms for licensing, operations, and compliance.
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)