The Profit Sharing Agreement Template – Australia is offered in multiple formats, including PDF, Word, and Google Docs. These formats are both customizable and ready for printing, ensuring they cater to your requirements effectively.
Profit Sharing Agreement Template – Australia Editable | PrintableSample
1. Parties Involved 2. Purpose of the Agreement 3. Definition of Profits 4. Profit Sharing Ratio 5. Payment Terms 6. Reporting and Auditing 7. Duration of Agreement 8. Termination Conditions 9. Confidentiality Obligations 10. Governing Law 11. Signatures and Acceptance
PDF
WORD
Examples
[Partner 1 Name]
[Partner 1 ID]
[Partner 1 Address]
[Partner 1 Phone]
[Partner 1 Email]
[Partner 2 Name]
[Partner 2 ID]
[Partner 2 Address]
[Partner 2 Phone]
[Partner 2 Email]
This Profit Sharing Agreement (“Agreement”) outlines the terms and conditions under which profits generated from [Business Name or Project Description] will be shared between [Partner 1 Name] and [Partner 2 Name], effective from [Start Date].
The profits will be distributed in accordance with the following ratio: [Partner 1 Name] shall receive [percentage]% and [Partner 2 Name] shall receive [percentage]% of the net profits after expenses.
Net profits will be calculated as total revenue generated from the business minus all operational expenses, taxes, and other deductions as agreed upon by both parties.
Profit distributions will occur quarterly, with payments made within [number of days] days after the end of each quarter.
Both parties agree to contribute their expertise and resources to the business as outlined in this Agreement, including [specific responsibilities of each partner].
Both parties agree to maintain the confidentiality of sensitive information regarding the business and not to disclose such information to third parties without prior written consent.
This Agreement may be terminated by either party with [Notice Period] written notice, upon which all profit sharing obligations shall cease, and any outstanding payments shall be settled promptly.
This Agreement shall be governed by and construed in accordance with the laws of Australia.
[Partner 1 Signature]
[Partner 1 Name]
[Partner 2 Signature]
[Partner 2 Name]
[Partner 1 Name]
[Partner 1 ID]
[Partner 1 Address]
[Partner 1 Phone]
[Partner 1 Email]
[Partner 2 Name]
[Partner 2 ID]
[Partner 2 Address]
[Partner 2 Phone]
[Partner 2 Email]
This Agreement sets forth the arrangement regarding the sharing of profits derived from [specific project or business venture], effective from [Start Date].
The profits from the business shall be divided whereby [Partner 1 Name] receives [percentage]% and [Partner 2 Name] receives [percentage]%, as per the contributions made to the project.
For the purpose of this Agreement, “profits” shall mean the total earnings from activities associated with [describe nature of earnings], less any allowable deductions.
Distributions of profit shall occur on a semi-annual basis unless otherwise agreed in writing by both parties.
Each partner commits to contributing their expertise and resources actively towards achieving growth and profitability in the business.
Both parties agree to keep all financial data, strategies, and business plans confidential, forbidding any disclosures to third parties without mutual consent.
This Agreement shall remain effective until terminated by either party with written notice of [Notice Period] or mutually agreed upon terms.
This Agreement will be governed by the laws of the State of Australia where the business is registered.
[Partner 1 Signature]
[Partner 1 Name]
[Partner 2 Signature]
[Partner 2 Name]
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