Profit Share Agreement

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

PROFIT SHARE AGREEMENT

This Profit Share Agreement (hereinafter referred to as “the Agreement”) is made and entered into on this day of {{day}} of {{month}}, {{year}} (hereinafter referred to as the “Effective Date”),

BETWEEN:

{{party_A_name}} (Company Registration Number: {{party_A_registration_number}}), a company duly incorporated and existing under the laws of {{party_A_jurisdiction}}, with its registered office at {{party_A_address}} (hereinafter referred to as “Party A”);

AND

{{party_B_name}} (Company Registration Number: {{party_B_registration_number}}/Identification Number: {{party_B_id_number}}), a company duly incorporated and existing under the laws of {{party_B_jurisdiction}}/an individual with address at {{party_B_address}} (hereinafter referred to as “Party B”).

Party A and Party B shall hereinafter collectively be referred to as “the Parties” and individually as “a Party”.

1. RECITALS

1.1. Party A is engaged in the business of {{party_A_business_description}}.

1.2. Party B is engaged in the business of {{party_B_business_description}}/possesses expertise in {{party_B_expertise}}.

1.3. The Parties desire to collaborate on a specific project/venture known as “{{project_name}}” (hereinafter referred to as “the Project”).

1.4. The Parties intend to share the profits generated from the Project in accordance with the terms and conditions set forth in this Agreement.

2. DEFINITIONS

2.1. “Gross Revenue” shall mean all income derived from the Project before deduction of any costs or expenses.

2.2. “Operating Costs” shall mean all direct and indirect expenses incurred in the execution of the Project, including but not limited to {{list_of_operating_costs}}.

2.3. “Net Profit” shall mean Gross Revenue less Operating Costs.

2.4. “Profit Share Percentage” shall mean the agreed-upon percentage of Net Profit allocated to each Party.

3. SCOPE OF THE PROJECT

3.1. The Project involves {{detailed_project_description}}.

3.2. Party A shall be responsible for {{party_A_responsibilities}}.

3.3. Party B shall be responsible for {{party_B_responsibilities}}.

4. PROFIT SHARING

4.1. The Net Profit generated from the Project shall be shared between the Parties as follows:

Party A: {{party_A_profit_share_percentage}}%

Party B: {{party_B_profit_share_percentage}}%

4.2. Profit share calculations shall be performed {{frequency_of_calculation}}.

4.3. Payments of the Net Profit share shall be made to each Party within {{days_for_payment}} days after the calculation period, into the following bank accounts:

Party A Bank: {{party_A_bank_name}}, Account Number: {{party_A_account_number}}, Branch Code: {{party_A_branch_code}}

Party B Bank: {{party_B_bank_name}}, Account Number: {{party_B_account_number}}, Branch Code: {{party_B_branch_code}}

4.4. The Parties shall jointly agree on the method of calculating and verifying Gross Revenue and Operating Costs.

5. DURATION AND TERMINATION

5.1. This Agreement shall commence on the Effective Date and shall continue for a period of {{duration_of_agreement}} or until the completion of the Project, unless terminated earlier in accordance with the provisions hereof.

5.2. Either Party may terminate this Agreement by giving {{notice_period}} written notice to the other Party in the event of a material breach of this Agreement by the other Party, which breach is not remedied within {{remedy_period}} days of receiving written notice thereof.

5.3. Upon termination of this Agreement, the Parties shall account for all outstanding profits and expenses, and any remaining Net Profit shall be distributed in accordance with Clause 4.

6. CONFIDENTIALITY

6.1. All information exchanged between the Parties in connection with the Project shall be treated as confidential and shall not be disclosed to any third party without the prior written consent of the other Party, except as required by law.

7. GOVERNING LAW AND DISPUTE RESOLUTION

7.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_country}}.

7.2. Any dispute, controversy or claim arising out of or in connection with this Agreement, including its existence, validity or termination, shall be referred to and finally resolved by arbitration in {{arbitration_city}}, in accordance with the rules of the {{arbitration_institute}}.

8. ENTIRE AGREEMENT

8.1. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations and agreements, whether written or oral.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Agreement on the Effective Date first written above.

_____________________________

Name: {{party_A_signatory_name}}

Designation: {{party_A_signatory_designation}}

For and on behalf of {{party_A_name}}

_____________________________

Name: {{party_B_signatory_name}}

Designation: {{party_B_signatory_designation}}

For and on behalf of {{party_B_name}}/Individual Capacity