Profit sharing agreement is an agreement in which one party agrees to share some profit with the other party in return of know-how, capital, or intellectual property. Evaluer mentioned few of the very basic clauses that a profit-sharing agreement template would contain. We have drafted numerous profit-sharing agreements which have helped companies to avoid future conflicts. You will appreciate that detailed clauses would be required while drafting profit sharing agreement in business partnership and the same would depend on the specifics of your case. Please remember that a profit-sharing agreement could be crucial in that if properly drafted, it could go a long way in avoiding any potential misunderstandings between the parties. Evaluer has helped many businesses in Chandigarh, Mohali and Panchkula to prepare documents as per applicable laws in India and the Union Territory of Chandigarh / Tricity. You can view a sample profit sharing agreement template below and have one drafted to suit your business requirements.
