PROFIT SHARING AGREEMENT
This AGREEMENT is made on this __________ day of _____________ duly signed and totally binding on all parties mentioned hereunder.
Maria Mitos Susan of 6900 Almond Ave. Space 83 Orangevale, CA 95662
AND
Aya Oro B. Molina of Unit 302, BBM Homes, Peace Valley, Lahug, Cebu, Philippines
Hereinafter, also referred to as the “Parties” and individually as the “Party”. The Parties hereto agree to work together in good faith, using their best efforts and resources as set forth below:
- CREATION OF A COMPANY
By Agreement, the Partners have formed a Company in accordance with the law of Wyoming known as Goldman Agency LLC of Ste 1200, 1309 Coffeen Avenue, Sheridan, WY, Sheridan, US, 82801.
- CONTRIBUTIONS
Aya will cover the business tax of the Company any all legal fees that the Company may incur in case of any legal disputes pertaining to Goldman Agency LLC.
Maria will manage the business of the Company.
- TERM AND TERMINATION
This Agreement shall commence on the effective date and continue perpetually. This Agreement shall be binding upon the Parties, their Principal, Heirs, Successors, Assigns, Subsidiaries, Attorneys, Agents, or any other party deriving or claiming profit in any way. This Agreement may be terminated if the Company no longer uses Maria’s Bank Accounts, LLC and other related business infrastructure for Goldman Agency LLC.
- PROFIT SHARING
The net profits and losses of the Company, for both accounting and tax purposes will accrue to be borne and will be shared by the Parties as follows:
- Maria will get 3% as commission and business tax every time the Company process an order.
- Aya will get ________________________________
- ACCOUNTING
The books of account of Company shall be kept and be available for inspection by the Parties in the place of business of the Company at all time. Each Party shall be required to report all transaction related to the partnership business promptly and accurately.
- CONFIDENTIALITY
All Parties agree that all information received from any other Party shall be used for the collective good of the transaction between the Parties and is not to be used in any way to: circumvent, eliminate, reduce or in any way diminish the role of another Party; capitalize on, leverage, or in any way benefit individually and separately over the another Party from or by the use of said information outside of the spirit and purpose of this joint venture between the Parties; compete directly or indirectly with another Party. The intent is that recipient by receiving confidential information including customer lists, etc. from the disclosing Party will not use of said information to compete with or circumvent the disclosing Party. Any current, past and future transaction shall not be disclosed to any third party. Further, no party shall disclose any and all internal discussion, or dispute to any third party.
- RELEASE FROM LIABILITY
Each Party acknowledges that it shall be responsible for any loss, cost, damage, claim or other charge that arises out of or is caused by the actions of that Party or its employees or agents. No Party shall be liable for any loss, damage, claim, or other charge that arises out of or is caused by the actions of any other Party.
- DISPUTE RESOLUTION
In the event of disputes, the Parties agree to use their reasonable best effort to settle all disputes amicably through mediation. However, when an impasse is reached and a dispute cannot be otherwise settled, then, all disputes arising in connection with the present contract shall be settled under the rules of international conciliation and arbitration at the International Arbitration Center in USA.
- GOVERNING LAW
This Agreement shall be governed by and interpreted in accordance with the Laws of the State of Wyoming.
- ENTIRETY
This Agreement embodies the full understanding and agreement between the Parties and shall supersede all other understandings, verbal or written. All statements, undertakings and representations are made without omission of any material fact, with personal, corporate and legal responsibility.
IN WITNESS WHEREOF, the Parties execute this Agreement as follows:
Name: ______________________________
Signature: ___________________________
Date: _______________________________
Name: ______________________________
Signature: ___________________________
Date: _______________________________
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