The Profit Sharing Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. Each version is customizable and ready for printing, so you can easily adapt it to your specific requirements.
Profit Sharing Agreement Template – Canada Editable – PrintableSample
1. Parties Involved 2. Purpose of the Agreement 3. Profit Sharing Structure 4. Responsibilities of Each Party 5. Payment Schedule 6. Duration of Agreement 7. Termination Conditions 8. Confidentiality Obligations 9. Dispute Resolution 10. Governing Law 11. Signatures and Acceptance
PDF
WORD
Examples
[Partner 1’s Name]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
[Partner 2’s Name]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
This Profit Sharing Agreement (“Agreement”) outlines the terms under which profits from [specific business or project] will be shared between [Partner 1’s Name] and [Partner 2’s Name], effective from [Start Date].
Profits from the operation of [business name] will be shared as follows: [percentage]% to [Partner 1’s Name] and [percentage]% to [Partner 2’s Name].
For the purposes of this Agreement, “Profits” shall mean the total revenues generated minus all applicable costs and expenses directly associated with the operation of the business.
Profits will be calculated and distributed quarterly, within [number] days after the end of each quarter.
Each partner shall contribute to the business as follows:
[Partner 1’s Name]: [specific duties]
[Partner 2’s Name]: [specific duties].
Decisions regarding the business will be made jointly. In case of a disagreement, a majority vote will determine the outcome.
Both partners agree to keep confidential any non-public information regarding the business and its operations, and not to disclose it to any third parties without prior written consent.
This Agreement may be terminated by either party with a written notice of [Notice Period]. Upon termination, the remaining profits will be distributed according to the agreed sharing ratio.
This Agreement shall be governed by the laws of Canada.
[Partner 1’s Signature]
[Partner 1’s Name]
[Partner 2’s Signature]
[Partner 2’s Name]
[Partner 1’s Name]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
[Partner 2’s Name]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
This Agreement establishes the terms of profit sharing for [business name], commencing on [Start Date].
The profits generated from [business activities] will be allocated [specific percentage]% to [Partner 1’s Name] and [specific percentage]% to [Partner 2’s Name].
“Profits” shall include all gross revenue derived from [business activities] less any costs, direct expenses, and taxes incurred.
Profits will be distributed on a [monthly/quarterly] basis, with distributions processed within [number] days following the relevant period.
Each partner shall commit the following resources and efforts:
[Partner 1’s Name]: [specific contributions]
[Partner 2’s Name]: [specific contributions].
All major decisions related to the business will require mutual consent. If consensus cannot be reached, an external mediator may be sought.
Each partner agrees to maintain confidentiality about all sensitive business practices and strategies and to avoid sharing this information with anyone outside the partnership unless agreed upon in writing.
This Agreement may be terminated at any time by either partner with [Notice Period] written notice. Upon termination, partners will settle accounts and divide remaining profits accordingly.
This Agreement will abide by the laws of Canada.
[Partner 1’s Signature]
[Partner 1’s Name]
[Partner 2’s Signature]
[Partner 2’s Name]
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