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Document Description
Profit Sharing Agreement where Company hires the Participant to market and sell the Products in exchange of a profit share.This agreement is drafted in favour of the Company.
The profit share shall be calculated as a per cent of the net value of Products sold by the participant (except for Excluded Persons as defined above). Net value shall exclude value added tax, postage and packaging, insurance and other agreed charges.
How to use this Document?
Profit Sharing Agreement where participant may refer potential buyers to the Company in exchange of a profit share.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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