PROFIT SHARING AGREEMENT
This Agreement is made on ______________ by and between Rasmus Barth of
sommargatan 112b 656 37 Karlstad Sweden (hereinafter referred to as “Private
Person”) and Design by Barth, Brand name – Off Rep (hereinafter referred to as the
“Company”). Together referred to as “Parties.”
In consideration of the mutual covenants and agreements herein contained, the
Parties hereby agree as follows:
1. Purpose.
It is hereby agreed that the Private Person shall receive 20% of all profit for the
Company including all the profits from the cap, referred to as “off rep original”.
2. Term.
This Agreement shall be from the date of signing hereof (hereinafter the “Effective
Date”) until the agreement is terminated.
3. Termination of Agreement
The Parties agree that the owner of the Company has the right to terminate the
terms of this agreement at any time for any reason, however, the Private person
must be notified of the termination 3 months prior.
4. Confidentiality
Parties agree that all terms and conditions of this Agreement and any confidential
information provided by either party during the Term of this Agreement must be kept
confidential unless disclosure is required according to the process of law.
Disclosing or using this information for any purpose beyond the scope of this
Agreement (or beyond the exceptions set forth above) is expressly forbidden without
the Parties’ prior consent.
The Parties’ obligation to maintain confidentiality will survive the termination of this
Agreement and remain in effect indefinitely.
5. Amendments
This Agreement may not be enlarged, modified, altered, or otherwise amended
except in writing, signed by the Parties hereto, and endorsed.
6. Dispute Resolution
Each Party hereto agrees to use its best efforts to settle amicably by mediation all
disputes arising out of or in connection with this Agreement or its interpretation.
Any dispute arising out of or in connection with this Agreement incapable of being
resolved by mediation by the Parties shall be referred to arbitration under the
applicable arbitral laws.
7. Waiver
A waiver of any right or remedy under this Agreement or by law is only effective if
given in writing and shall not be deemed a waiver of any subsequent breach or
default.
8. Severability
The invalidity or unenforceability of any particular provision of this Agreement or
portion thereof shall not affect the other provisions or parts that shall be severed
from this Agreement. The remaining provisions shall remain in full force and effect.
9. Governing Law.
This Agreement shall be governed, construed, interpreted, and enforced in
accordance with the Laws of Sweden.
10. Entire Agreement
This Agreement constitutes the entire Agreement between the parties. It supersedes
all prior agreements; statements, promises, or inducements made by either Party or
Agent that are not contained in this Agreement shall be valid or binding.
IN WITNESS WHEREOF, each Party has executed this Agreement, by its duly
authorized representative, as of the day and year set forth below.
Signed by the DESIGN BY BARTH; –
Signature:
_____________________________
Name:
________________________________
Date:
_________________________________
Signed by RASMUS BARTH; –
Signature:
__________________________
Name:
_____________________________
Date:
______________________________
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