The Partnership Agreement Profit Sharing document is essential for businesses and individuals in the Philippines seeking to formalize their business relationships and clearly define profit-sharing arrangements. This agreement is particularly relevant when two or more parties wish to combine their resources, expertise, or capital to operate a business while clearly defining how profits will be distributed. It must comply with the Civil Code of the Philippines, particularly Articles 1767-1867, which govern partnerships, and incorporate relevant provisions from the Code of Commerce and tax regulations. The document is commonly used when establishing new business partnerships, formalizing existing arrangements, or restructuring business relationships, and includes crucial elements such as capital contributions, management rights, profit-sharing formulas, and exit strategies.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let 抖阴视频's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation and business purpose
3. Definitions: Key terms used throughout the agreement
4. Partnership Formation: Declaration of partnership formation, business name, and commencement date
5. Business Purpose: Detailed description of partnership's business activities and objectives
6. Capital Contributions: Initial and subsequent capital contributions of each partner
7. Profit and Loss Sharing: Formula and mechanisms for distributing profits and losses
8. Management and Control: Partnership management structure and decision-making processes
9. Partners' Rights and Obligations: Detailed responsibilities and rights of all partners
10. Banking and Financial Matters: Financial management procedures and banking arrangements
11. Accounting and Records: Requirements for maintaining financial records and conducting audits
12. Term and Termination: Duration of partnership and conditions for termination
13. Dissolution and Liquidation: Procedures for dissolving the partnership and distributing assets
14. Governing Law: Specification of Philippine law as governing law
15. Dispute Resolution: Procedures for resolving conflicts between partners
1. Intellectual Property Rights: Required when the partnership owns or develops intellectual property
2. Non-Competition and Non-Solicitation: Recommended when partners want to restrict competitive activities
3. Insurance: Needed when specific insurance requirements are to be maintained
4. Assignment and Transfer of Interest: Important for larger partnerships where interest transfers are anticipated
5. Admission of New Partners: Required when the partnership may expand in the future
6. Death or Incapacity of Partners: Recommended for long-term partnerships to address succession
7. Confidentiality: Important when dealing with sensitive business information
8. Force Majeure: Useful for partnerships operating in volatile markets or conditions
1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions
2. Schedule B - Profit Sharing Formula: Detailed calculation method and examples of profit distribution
3. Schedule C - Partner Information: Complete partner details including contact information and tax identification
4. Schedule D - Business Plan: Initial business plan and projected financials
5. Schedule E - Management Structure: Organizational chart and management responsibilities
6. Appendix 1 - Banking Resolution: Banking arrangements and authorized signatories
7. Appendix 2 - Accounting Policies: Detailed accounting procedures and policies
Relevant legal definitions
Clauses
Relevant Industries
Professional Services
Retail
Food and Beverage
Technology
Real Estate
Manufacturing
Construction
Healthcare
Agriculture
Tourism and Hospitality
Consulting
Education
Import/Export
Entertainment
Relevant Teams
Legal
Finance
Executive Leadership
Business Development
Operations
Compliance
Tax
Corporate Affairs
Risk Management
Strategy
Relevant Roles
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Finance Director
Corporate Lawyer
Partnership Manager
Operations Director
Tax Advisor
Account Manager
Business Consultant
Compliance Officer
Find the exact document you need
Product Reseller Agreement
A legal agreement under Philippine law establishing terms and conditions between a supplier and reseller for product distribution and resale.
find out more
Industrial Partner Contract
A Philippine law-governed agreement establishing partnership terms between industrial entities for manufacturing, technology, or service cooperation.
find out more
Partnership Agreement For Hotel Business
A Philippine law-governed agreement establishing partnership terms and operational framework for hotel business ventures.
find out more
Technology Partner Agreement
A Philippine law-governed agreement establishing terms and conditions for technology partnerships, including licensing, data protection, and service delivery requirements.
find out more
Budget Partnership Agreement
A Philippine law-governed agreement establishing partnership between government agencies and civil society organizations for participatory budgeting and public expenditure monitoring.
find out more
Non Binding Partnership Agreement
A preliminary framework document under Philippine law that outlines intended partnership arrangements without creating legally binding obligations.
find out more
Limited Liability Limited Partnership Agreement
A Philippine law-governed agreement establishing a Limited Liability Limited Partnership, defining partner rights, management structure, and liability protection mechanisms.
find out more
Domestic Partnership Letter
A formal document used in the Philippines to establish and document a domestic partnership arrangement, outlining terms of cohabitation and mutual responsibilities within Philippine civil law framework.
find out more
Start Up Business Partnership Agreement
A Philippine law-governed agreement establishing the terms and conditions of a startup business partnership, including ownership, management, and operational framework.
find out more
Contract For LLC Partnership
A Philippine law-governed agreement establishing an LLC partnership structure, defining partner relationships, management rights, and operational procedures.
find out more
Joint Venture Proposal
A Philippine law-governed proposal document outlining the terms and structure of a proposed joint venture arrangement between multiple parties, ensuring compliance with local corporate and investment regulations.
find out more
Software Distributor Agreement
A Philippine law-governed agreement establishing terms for software distribution rights between a licensor and distributor, including territorial rights and compliance requirements.
find out more
Social Media Partnership Agreement
A Philippine law-governed agreement establishing terms and conditions for social media partnerships, including content management, rights, and obligations.
find out more
Domestic Partnership Declaration
A formal declaration establishing a domestic partnership between two individuals under Philippine jurisdiction, primarily recognized through local government ordinances.
find out more
Collaboration Partnership Agreement
A legally binding agreement under Philippine law that establishes and governs collaborative business partnerships between multiple parties, defining their rights, responsibilities, and operational framework.
find out more
Venture Partner Agreement
A Philippine law-governed agreement establishing the relationship between a venture capital firm and a venture partner, including roles, compensation, and obligations.
find out more
Term Sheet For Partnership Agreement
A preliminary document under Philippine law that outlines key terms and conditions for a proposed business partnership, serving as a foundation for the final partnership agreement.
find out more
Temporary Partnership Agreement
A Philippine law-compliant agreement establishing a temporary partnership for a specific project or duration, defining partner rights, responsibilities, and dissolution terms.
find out more
Technical Partnership Agreement
A legal framework for technical collaboration between parties under Philippine law, governing technology transfer, IP rights, and technical resource sharing.
find out more
Startup Partnership Agreement
A Philippine law-governed agreement establishing partnership terms and conditions between startup founders, including ownership, management, and operational frameworks.
find out more
Software Partnership Agreement
A Philippine law-governed agreement establishing terms and conditions for software partnership collaboration, including development, distribution, and implementation rights and obligations.
find out more
Software Partner Agreement
A Philippine law-governed agreement establishing partnership terms between software providers and their business partners for software distribution and implementation.
find out more
Sponsorship Partnership Agreement
A Philippine law-governed agreement establishing terms and conditions for sponsorship partnerships, including rights, obligations, and commercial terms.
find out more
Shareholders Agreement Joint Venture
A Philippine law-governed agreement establishing terms between joint venture shareholders, outlining rights, obligations, and governance structures while ensuring compliance with local corporate regulations.
find out more
Service Partner Agreement
A Philippine law-governed agreement establishing terms and conditions between a service provider and client company for the provision of specified services.
find out more
Simple Partnership Dissolution Agreement
A Philippine law-governed agreement that formally dissolves a partnership and outlines the terms for winding up partnership affairs.
find out more
Simple Limited Partnership Agreement
A Philippine law-governed agreement establishing a limited partnership with defined roles for general and limited partners, including management rights and liability limitations.
find out more
Revenue Share Partnership Agreement
A Philippine law-governed agreement establishing terms for revenue sharing partnerships, including distribution mechanisms and party obligations.
find out more
Restaurant Profit Sharing Agreement
A Philippine law-governed agreement establishing profit sharing arrangements and operational terms between parties in a restaurant business.
find out more
Sales Cooperation Agreement
A Philippine law-governed agreement establishing terms for sales collaboration between parties, including territorial rights, commissions, and operational procedures.
find out more
Salaried Partner Agreement
A Philippine-law governed agreement establishing the terms and conditions for a salaried partner position, combining employment and partnership elements.
find out more
Real Estate Limited Partnership Agreement
A Philippine law-governed agreement establishing a limited partnership structure for real estate investments, defining partner roles, responsibilities, and profit-sharing arrangements.
find out more
Real Estate Joint Venture Agreement
Philippine-law governed agreement establishing a joint venture between parties for real estate development, defining contributions, profit-sharing, and operational terms.
find out more
Profit Sharing Ratio Partnership Agreement
A Philippine law-governed agreement establishing partnership terms and profit-sharing ratios between multiple parties, detailing financial distributions and operational responsibilities.
find out more
Profit Sharing Agreement In Business Partnership
A Philippine law-governed agreement establishing profit sharing terms and conditions between business partners, including profit distribution, management rights, and partner obligations.
find out more
Profit And Loss Partnership Agreement
A Philippine law-governed agreement establishing partnership terms, profit-loss sharing arrangements, and operational guidelines between partners.
find out more
Product Partnership Agreement
A Philippine law-governed agreement establishing terms for product-related partnerships between parties, covering development, manufacture, distribution, or commercialization arrangements.
find out more
Preliminary Partnership Agreement
A Philippine law-governed agreement establishing preliminary terms for exploring and negotiating a potential business partnership.
find out more
Preferred Partner Agreement
A Philippine law-governed agreement establishing a preferential business relationship between parties, defining exclusive rights, obligations, and commercial terms for strategic partnership.
find out more
Pre Partnership Agreement
A Philippine law-governed agreement establishing terms for exploring and negotiating a potential business partnership.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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)