Restaurant Profit Sharing Agreement Template for New Zealand

1. Multiple Location Provisions: Used when profit sharing applies to multiple restaurant locations, specifying how profits are calculated and shared across locations

2. Intellectual Property: Required when the agreement needs to address ownership and usage of restaurant brands, recipes, or other IP

3. Employee Profit Sharing Scheme: Included when profit sharing extends to employees beyond the main parties

4. Non-Competition: Added when parties need to be restricted from competing activities

5. Insurance Requirements: Detailed insurance obligations when specific coverage is crucial to the arrangement

6. Future Expansion: Provisions for handling addition of new locations or business expansion

7. Exit Strategy: Detailed provisions for voluntary exit of any party, including valuation methods

8. Force Majeure: Specific provisions for handling unforeseen circumstances affecting restaurant operations

1. Schedule 1: Profit Calculation Formula: Detailed mathematical formula and examples for calculating distributable profit

2. Schedule 2: Excluded Expenses: List of expenses that are explicitly excluded from profit calculations

3. Schedule 3: Reporting Template: Standard format for regular financial reports and profit statements

4. Schedule 4: Restaurant Assets: Inventory of restaurant assets included in the profit-sharing arrangement

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

6. Appendix A: Accounting Principles: Specific accounting principles and practices to be followed

7. Appendix B: Management Structure: Organizational chart and management responsibilities

8. Appendix C: Distribution Timeline: Calendar of profit distribution dates and reporting deadlines