Modelo De Profit Sharing Agreement

CONSIDERING that the company and the representative wish to enter into an agreement under which [PARTNER 1] and [PARTNER 2] share the profits from the sale of the product due to the efforts of the representative, in accordance with the conditions set out therein. Participation in turnover takes many different forms, although each iteration involves the distribution of operating profits or losses among the related financial actors. Sometimes participation in turnover is used as an incentive program – a small entrepreneur may pay his partners or employees a percentage reward for recommending new customers. In other cases, participation in turnover is used to distribute the profits resulting from a business alliance. Several kickers and provisions can be added to revenue participation agreements. The working group found that revenue sharing is an acceptable practice and new transparency rules were introduced under the authority of the Ministry of Labour. The working group also decided that it should take the lead in formally defining the distribution of revenues with respect to defined contribution plans.. . . .

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Sobre el Autor: Luis