Restaurant Profit Sharing Agreement Template for Nigeria

1. Intellectual Property Rights: Used when the restaurant involves branded concepts, recipes, or proprietary methods

2. Employee Profit Sharing: Include when employees are part of the profit-sharing arrangement

3. Multiple Location Provisions: Required when the agreement covers multiple restaurant locations

4. Equipment and Asset Ownership: Include when there's shared ownership of restaurant equipment and assets

5. Non-Compete Clauses: Used when parties want to restrict involvement in competing businesses

6. Marketing and Branding Responsibilities: Include when specific marketing obligations need to be defined

7. Force Majeure: Optional but recommended for protection against unforeseen circumstances

8. Insurance Requirements: Include when specific insurance obligations need to be defined

1. Profit Calculation Formula: Detailed breakdown of how profits are calculated, including specific inclusions and exclusions

2. Asset Register: List of all assets covered under the agreement with ownership details

3. Operating Procedures: Detailed restaurant operating procedures and standards

4. Financial Reporting Templates: Standard formats for required financial reports

5. Key Performance Indicators: Metrics used to evaluate restaurant performance

6. Required Licenses and Permits: List of all required regulatory approvals and responsibilities

7. Insurance Requirements: Detailed insurance coverage requirements and responsibilities

8. Approved Suppliers List: List of approved suppliers and purchasing procedures