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Template For Employee Profit Sharing Agreement

The Company and the Representative intend to enter into an agreement whereby [PARTNER 1] and [PARTNER 2] will share the profits from the sale of the product on the basis of the representative`s efforts, as required. FULL AGREEMENT. This agreement constitutes the full understanding of the parties and replaces all previous written or oral agreements relating to the purpose of this issue. THE REPRESENTATIVE`S RESPONSIBILITIES. In return for the profit-sharing granted here, the representative must perform the following tasks: PandaTip: It lists certain fundamental tasks that the entity wishes to add or deduce according to the actual circumstances of the relationship. The company should be assured of consulting a lawyer with respect to duties to ensure that the obligations do not make the representative a de facto employee, which could lead to violations of labour law. PandaTip: This section aims to regulate the consequences of ending this relationship of interest. This gives the representative the right to continue to receive leftovers (if circumstances require) and to delegate to the representative the responsibility of forwarding any further requests to the company in order to ensure a smooth transition. SHARE OF PROFITS. The agent is entitled to [PERCENT] of the profits generated for the sale of the product that are a direct result of the representative`s efforts, taking into account the duties carried out there.

Single Member Manages Drake Forester`s LLC Enterprise Agreement The representative continues to receive profit sharing from all continuing sales described above, as a direct result of the representative`s efforts; INDEPENDENT CONTRACTOR. The contracting parties agree that the contracting parties are considered independent contractors and not as representatives or employees of the other party. None of the contracting parties is authorized to make statements, assurances or commitments of any kind, or to take action that engages the other party, unless expressly provided for or approved in writing.

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