50 50 Profit Sharing Agreement Template for India

1. Non-Compete: Restrictions on parties engaging in competing businesses - include when parties operate in the same industry

2. Intellectual Property Rights: Ownership and usage rights of IP - include when the business involves creation or use of IP

3. Insurance: Requirements for business insurance - include when physical assets or significant risks are involved

4. Force Majeure: Provisions for unforeseen circumstances - include when business is susceptible to external disruptions

5. Assignment: Rights to transfer agreement obligations - include when potential ownership changes are anticipated

6. Employee Management: Terms regarding staff handling - include when shared employees or resources are involved

7. Marketing and Branding: Guidelines for business promotion - include when public-facing operations are involved

8. Exit Strategy: Detailed process for party withdrawal - include when long-term partnership is contemplated

1. Schedule A - Profit Calculation Methodology: Detailed formula and examples of profit calculation

2. Schedule B - Approved Business Activities: Comprehensive list of activities covered under the agreement

3. Schedule C - Financial Reporting Template: Standard format for regular financial reports

4. Schedule D - Key Personnel: List of key contacts and their roles from each party

5. Schedule E - Excluded Expenses: Items not considered as business expenses in profit calculation

6. Appendix 1 - Bank Account Details: Banking information for profit distribution

7. Appendix 2 - Compliance Checklist: Regular compliance requirements and deadlines

8. Appendix 3 - Dispute Resolution Procedures: Step-by-step process for handling disputes