The Share Profit Agreement is a crucial document used in Nigerian business relationships where multiple parties agree to share in the profits of a business venture. It is particularly relevant in joint ventures, partnerships, and investment arrangements where parties contribute different resources or expertise but wish to share in the financial success of the enterprise. The agreement must comply with Nigerian legislation, particularly the Companies and Allied Matters Act (CAMA) 2020, and typically includes detailed provisions for profit calculation, distribution mechanisms, financial reporting, tax considerations, and dispute resolution. This document is essential for establishing clear frameworks for profit sharing, preventing potential conflicts, and ensuring transparent financial arrangements between business parties.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all parties to the agreement with their full legal names and addresses
2. Background: Context of the agreement, including the business relationship and purpose of the profit-sharing arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Profits', 'Financial Year', 'Business', etc.
4. Profit Calculation: Detailed methodology for calculating distributable profits, including accounting principles to be applied
5. Profit Distribution: Terms and mechanisms for profit distribution, including percentages, timing, and payment methods
6. Financial Records and Reporting: Requirements for maintaining financial records, preparation of accounts, and reporting obligations
7. Management and Control: Decision-making processes and management rights related to profit-sharing matters
8. Tax Provisions: Handling of tax matters and responsibilities of each party regarding tax payments
9. Confidentiality: Obligations regarding confidential information and business secrets
10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
12. Miscellaneous: Standard boilerplate clauses including notices, amendments, and entire agreement provisions
1. Non-Competition: Restrictions on parties engaging in competing businesses, used when parties are not otherwise bound by non-compete obligations
2. Intellectual Property Rights: Provisions regarding IP ownership and usage, included when the profit-sharing involves IP-dependent business
3. Force Majeure: Provisions for unforeseen circumstances affecting profit generation, particularly relevant in volatile business environments
4. Assignment Rights: Terms governing the transfer of profit-sharing rights, included when parties want flexibility to assign their rights
5. Audit Rights: Detailed audit provisions, included when regular financial reporting isn't deemed sufficient
6. Default and Remedies: Specific consequences for breach of agreement, included in high-value or complex arrangements
1. Profit Calculation Formula: Detailed mathematical formula and examples for profit calculation
2. Distribution Schedule: Detailed breakdown of profit-sharing percentages and any specific conditions
3. Financial Reporting Template: Standard format for regular financial reports
4. Key Performance Indicators: Metrics used to measure business performance affecting profit calculation
5. Parties' Bank Details: Banking information for profit distributions
6. Excluded Costs and Expenses: List of items specifically excluded from profit calculations
Find the exact document you need
Share Retention Agreement
A Nigerian law-governed agreement that requires specified shareholders to retain their shareholding for a defined period, subject to CAMA 2020 and related regulations.
Download
Equipment Transfer Agreement
A Nigerian law-governed agreement facilitating the formal transfer of equipment ownership between parties, including terms, conditions, and regulatory compliance requirements.
Download
Share Surrender Agreement
A Nigerian law-governed agreement documenting the voluntary surrender of shares by a shareholder back to the company, ensuring compliance with CAMA 2020.
Download
Stock Cancellation Agreement
A Nigerian law-governed agreement documenting the terms and process for cancelling shares in a company's capital, ensuring compliance with CAMA 2020 and protecting all parties' interests.
Download
Share Buyback Contract
A Nigerian law-governed agreement documenting terms and conditions for a company's repurchase of its own shares from existing shareholders, ensuring CAMA 2020 compliance.
Download
Contract For Shares Of A Company
A Nigerian law-governed agreement for the sale and purchase of company shares, compliant with CAMA 2020 and local regulations.
Download
Share Transfer Agreement Between Shareholders
A Nigerian law-governed agreement facilitating the transfer of shares between existing shareholders of a company, outlining terms, conditions, and regulatory compliance requirements.
Download
Share Profit Agreement
A Nigerian law-governed agreement that establishes terms for profit sharing between business parties, including calculation methods and distribution mechanisms.
Download
Stock Appreciation Rights Agreement
A Nigerian law-governed agreement establishing Stock Appreciation Rights (SARs) for employees, defining terms for benefiting from stock value appreciation without share ownership.
Download
Share Purchase Agreement Between Shareholders
A Nigerian law-governed agreement for the transfer of shares between existing shareholders, outlining sale terms, warranties, and completion requirements.
Download
Contract For Sale Of Shares In A Private Company
A Nigerian law-governed agreement for the sale and transfer of shares in a private company, detailing terms, conditions, and obligations of all parties involved.
Download
Share Vesting Agreement
A Nigerian law-governed agreement establishing terms for gradual share ownership rights vesting to individuals, typically used in employee equity compensation arrangements.
Download
Stock Investment Agreement
A Nigerian law-governed agreement establishing terms for stock investment, share allocation, and investor rights in compliance with local securities regulations.
Download
Stock Grant Agreement
A Nigerian law-governed agreement outlining terms for granting company shares to employees, including vesting conditions and transfer restrictions.
Download
Business Shares Agreement
A Nigerian law-governed agreement detailing the terms and conditions for the transfer of business shares between parties, ensuring compliance with CAMA 2020 and related regulations.
Download
Stock Redemption Agreement
A Nigerian law-governed agreement documenting the terms and process for a company to repurchase its shares from existing shareholders.
Download
Stock Option Cancellation Agreement
A Nigerian law-governed agreement for cancelling existing stock options, ensuring compliance with CAMA 2020 and local securities regulations.
Download
Share Cancellation Agreement
A legal agreement governed by Nigerian law that documents the terms and process for cancelling shares in a Nigerian company, ensuring compliance with CAMA 2020.
Download
Share Buyout Agreement
A Nigerian law-governed agreement documenting the terms and conditions for the purchase of shares from existing shareholder(s), ensuring compliance with CAMA 2020 and related regulations.
Download
Phantom Equity Agreement
A Nigerian law-governed agreement providing economic benefits of stock ownership without actual share issuance, offering cash payments based on company value appreciation.
Download
Share For Share Exchange Agreement
A Nigerian law-governed agreement facilitating the exchange of shares between companies, detailing exchange terms and regulatory compliance requirements.
Download
Share Buyback Agreement
A Nigerian law-governed agreement documenting a company's repurchase of its own shares from existing shareholders, in compliance with CAMA 2020.
Download
Stock Exchange Agreement
A Nigerian law-governed agreement establishing trading membership rights and obligations between the Nigerian Stock Exchange and a member firm/broker.
Download
Share Exchange Agreement
A Nigerian law-governed agreement documenting the exchange of shares between parties, including terms, conditions, and regulatory requirements.
Download
Share Swap Agreement
A Nigerian law-governed agreement facilitating the exchange of shares between parties, typically used in corporate restructuring and strategic investments.
Download
Employee Stock Option Agreement
A Nigerian law-governed agreement establishing terms for granting company stock options to employees, including grant details, vesting conditions, and exercise procedures.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)