Business Profit Sharing Agreement Sample
Before entering into a partnership, you must establish written contracts covering your contracts. An incentive agreement usually indicates the ratio you will use to distribute profits, as well as how you distribute losses. The ratios can be determined by the amount of investments that each partner invests in the business, or you can have an agreement that only shares the profits, so you take the shot for the losses. But there is no partnership if you win. THE REPRESENTATIVE`S RESPONSIBILITIES. Against profit sharing, the representative performs the following functions (hereafter referred to as “NAME”) and the commercial activity (hereafter referred to as “company”) is intended for the production and distribution of the feature film on a provisional basis (hereafter referred to as “film”). Linda Ray is an award-winning journalist with more than 20 years of reporting experience. She covered newspaper and magazine stores, including Greenville News, Success Magazine and American City Business Journals. Ray has a degree in journalism and teaches writing, career development and an FDIC course called Money Smart. This master interest agreement (this “agreement”) between Grange Mutual Casualty Company, including its 100% non-life and accident insurance subsidiaries (the “company”) and the Primary Agency (the “agent” or “agency”), identified in your agency`s summary and agency agreement with the company, effective January 1, 2016 and remains in effect until the entity reviews, replacements or terminations, and replaces all benefit-sharing and/or pre-profit sharing agreements between parties that cover the same lines of insurance as this agreement. This agreement is complementary and is not part of the Agency`s agreement. The Company and the Representative intend to enter into an agreement whereby [PARTNER 1] and [PARTNER 2] will share the profits from the sale of the product on the basis of the representative`s efforts, as required. The agent must return or destroy all physical or digital copies of company-owned information, including (but not only) marketing materials, business plans, customer lists and price information.
The representative continues to obtain the share of profits from all current sales described in this sub-party, as a direct result of the agent`s efforts; SHARE OF PROFITS. The agent is entitled to [PERCENT] of the profits generated for the sale of the product that are a direct result of the representative`s efforts, taking into account the duties carried out there.
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