Letter Of Agreement For Profit Sharing
PROFIT SHARING. In return for the tasks performed under this Agreement, the representative shall be entitled to [percentage] of the profits made for the sale of the product, which are the direct result of the representative`s efforts. Typeset would allow your references to be uploaded in the final grade style of the incentive agreement template in accordance with the agreement guidelines. THE WHOLE AGREEMENT. This Agreement constitutes the full understanding of the Parties and supersedes all prior oral or written agreements concerning the subject matter annexed thereto. REPRESENTATIVE RESPONSIBILITIES. In return for the profit sharing granted therein, the representative performs the following functions: PandaTip: This section regulates the consequences of the termination of this profit-sharing relationship. This gives the agent the right to continue to receive arrears (if circumstances so require), while giving the agent the responsibility to ask all other questions of the company to ensure a smooth transition. CONSIDERING that the company and the representative wish to enter into an agreement under which [PARTNER 1] and [PARTNER 2] share the profits from the sale of the product due to the efforts of the representative, in accordance with the conditions set out therein. The representative continues to benefit from the profit sharing of continuing sales, which is a direct result of the efforts made by the representative; AUTHORIZATION OF MARKETING MATERIALS.
The representative must receive written confirmation from the Company of the use of product-related marketing materials that have not been provided directly by the Company. the provision of other tasks and services assigned by the company to achieve the objectives of this Agreement in time, on the spot and in the manner deemed appropriate by the representative. INDEPENDENT CONTRACTOR. The parties agree that the parties are considered independent contractors and not as representatives or collaborators of the other party. Neither party is entitled to provide statements, assurances or obligations of any kind or to take measures binding on the other party, except as expressly provided or approved in writing. PandaTip: This clause is also subject to the instruction to consult a lawyer, as this is not decisive in itself.