this profit sharing agreement template is written in a manner so that it can apply to a situation whereby a company has hired someone to market a product for them and offered a share of the profits on the sale of the product. this section is to govern the aftermath of ending this profit share relationship. even with this clause, the instruction to consult with an attorney still applies as this is not determinative by itself. this section of the profit sharing agreement is to protect the company from the representative acting illegally or harmfully on its behalf.
the purpose of this memorandum of agreement is to set forth the terms and conditions, scope of work and responsibilities of the parties associated with their collaboration on describe project. the parties indicate agreement with this memorandum of agreement by their signatures below. end it by entering the effective date of signing and the signature. use this cooperative agreement or memorandum of agreement can be used to legally lay out the steps toward an agreed upon result. use this recruitment strategy agreement template to point out why you can match the perfect candidate with the right job.
download this free profit-sharing agreement template as a word document to express the ratio you’ll use to distribute profits and divide any losses this profit sharing agreement (the “agreement”) is entered into as of [insert date] by and between [insert name of company] having its principal place of business located at [insert address of company] (the “company”) and[insert name of company representative] having its principal place of business located at [insert address of representative] (the “representative”), both of whom agree to be bound by this agreement. in consideration of the duties performed hereunder, the representative shall be entitled to [insert percentage] of the profits earned for sales of the product that are a direct result of the representative’s efforts. although initial contact and contact at the sale point shall be factors to consider, they are not determinative of such sale being a “direct result” of the representative’s efforts. “profits” are deemed to be calculated by the sale price less any expenses by the company paid on behalf of the representative in furtherance of the sale and the cost of goods sold.
the representative shall receive written confirmation from the company in using any marketing materials related to the product that was not directly provided by the company. the representative shall not be entitled to reimbursement for any expenses except those that have been previously approved in writing by the company. the representative agrees to defend, indemnify, and hold harmless the company from and against any all third party claims (or other actions that could lead to losses by the company) that are based upon the representatives (a) violation of the law, (b) violation of this agreement, or (c) violation of any third party’s rights. this agreement and the interpretation of its terms shall be governed by and construed in accordance with the laws of the state of [insert state] and subject to the exclusive jurisdiction of the federal and state courts located in [insert county], [insert state ].
this profit sharing agreement template is written in a manner so that it can apply to a situation whereby a company has hired someone to market a product download this free profit-sharing agreement template as a word document to express the ratio you’ll use to distribute profits and divide any losses. the prime purpose of this profit-sharing agreement is to set the guidelines and describe a method to share the business revenues among the parties, that are, profit sharing agreement for employees, profit sharing agreement for employees, profit sharing agreement llc, real estate profit sharing agreement, profit sharing agreement for investors.
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