Profit Sharing Agreement Independent Contractor Template for New Zealand

1. Non-Compete: Restricts contractor from competing activities - include when protecting market position is crucial

2. Insurance: Specifies required insurance coverage - include when services involve significant risks

3. Performance Targets: Sets specific performance metrics - include when profit share is tied to performance

4. Expenses: Details handling of business expenses - include when contractor may incur reimbursable expenses

5. GST Treatment: Specifies GST handling - include when contractor is GST registered

6. Multiple Project Management: Addresses handling multiple projects/clients - include when contractor works with other clients

7. Equipment and Resources: Specifies who provides what resources - include when significant equipment/resources are needed

1. Schedule 1: Services Description: Detailed description of services to be provided by the contractor

2. Schedule 2: Profit Calculation Methodology: Detailed formula and examples of how profit share will be calculated

3. Schedule 3: Payment Terms and Procedures: Specific details about payment timing, methods, and procedures

4. Schedule 4: Performance Metrics: Specific KPIs or performance standards if applicable

5. Appendix A: Financial Reporting Template: Template for regular financial reporting and profit calculations

6. Appendix B: Confidential Information: Specific list of information deemed confidential

7. Appendix C: Approved Expenses: List of pre-approved business expenses if applicable