Profit Sharing Agreement Sample

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PROFIT SHARING AGREEMENT

This Profit Sharing Agreement (“Agreement”), dated __________, is by


and between _____________ represented by ______________ , married, of
legal age and a resident of _________________, hereinafter referred to as
CLIENT;

and -

_______________ represented by ____________________, single, of


legal age and a resident of ___________________; hereinafter referred to as
SERVICE PROVIDER;

W I T N E S S E T H: That -

WHEREAS, the CLIENT and the SERVICE PROVIDER have agreed that,
as compensation for the services to be rendered by the SERVICE PROVIDER,
the amount of Ten Percent (10%) of the total net income of the CLIENT before
the payment of taxes, shall be paid to the SERVICE PROVIDER, based on the
following terms below:

a. SERVICE PROVIDER shall provide the following services:

i. Create the annual Marketing Plan for CLIENT


ii. Deliver and manage monthly marketing activities for CLIENT
based on approved Marketing Plan
iii. Create all graphic design assets for branding, marketing, or
internal purposes
iv. Create all copywriting work on behalf of CLIENT, primarily for
but not limited to marketing purposes
v. Manage social media accounts and online marketing efforts
vi. Lead sales & marketing analytics and optimizations for the
CLIENT, including but not limited to qualitative reviews,
quantitative data collection, and financial return on marketing
expenses
vii. Attend all weekly, monthly, and other scheduled meetings set
by CLIENT

b. The SERVICE PROVIDER shall maintain ownership of intellectual


property rights for all design, written works and other products burned
out of this agreement;

IN WITNESS WHEREOF, the parties have hereunto affixed their


signatures this ____ day of __________________, _______, in
__________________________.

CLIENT SERVICE PROVIDER


SIGNED IN THE PRESENCE OF:

_________________________
___________________________Witness
Witness

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )__________________________ ) S.S.

BEFORE ME, a Notary Public, in and for the City of


___________________, Philippines, this _____ day of
__________________________, _________, personally appeared:

NAMES COMPETENT EVIDENCE OF DATE/PLACE ISSUED


IDENTITY

Known to me to be the same persons who executed the foregoing


instrument and acknowledged to me that the same is their own free and
voluntary act and deed. This Deed of Conditional Sale consists of ____ (____)
pages duly signed by the parties and their instrumental witnesses at the
dispositive portions of this page and the left margin of all other pages.
WITNESS MY HAND AND NOTARIAL SEAL, on the date and place first
mentioned above.
Doc. No. _______ Page No. _______
Book No. _______
Series of 2020.

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