A profit share provision is a type of arrangement that may be used with a real estate finance facility agreement. Under this arrangement, the borrower agrees to pay an exit fee or profit share to the lender if certain events occur. The fee is calculated by deducting the acquisition and development costs relating to a property from its sale proceeds or latest valuation.
A profit sharing agreement is a contract between an employer and an employee in which the employer agrees to share profits with the employee. The agreement may specify how the profits will be shared, how often the payments will be made, and how the payments will be calculated.
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Use this agreement when bringing an advisor on board to formalize variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.
This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.
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