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1. Parties: Identification of all parties to the agreement, including their legal status and contact details
2. Background: Context of the agreement, including the restaurant's business nature and parties' intention to enter into a profit-sharing arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Profit', 'Revenue', 'Operating Expenses', and 'Accounting Period'
4. Term and Commencement: Duration of the agreement and conditions for commencement
5. Profit Sharing Structure: Detailed breakdown of how profits will be calculated and distributed among parties
6. Operational Responsibilities: Clear delineation of each party's roles and responsibilities in running the restaurant
7. Capital Contributions: Details of initial and ongoing capital contributions from each party
8. Management and Control: Decision-making structure and management responsibilities
9. Financial Records and Reporting: Requirements for maintaining financial records and regular reporting obligations
10. Distribution of Profits: Timing and mechanism for profit distribution, including treatment of losses
11. Compliance and Permits: Obligations regarding regulatory compliance and maintaining necessary permits
12. Termination: Circumstances and procedures for terminating the agreement
13. Dispute Resolution: Procedures for resolving disputes, including reference to Sharia-compliant arbitration
14. Governing Law: Specification of Saudi law and Sharia principles as governing law
1. Intellectual Property Rights: Required when the restaurant involves unique branding, recipes, or trade secrets
2. Non-Competition: Include when parties wish to restrict involvement in competing businesses
3. Insurance: Detailed insurance requirements when specific coverage types are necessary
4. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
5. Employee Management: Required when profit-sharing includes provisions about staff management responsibilities
6. Marketing and Promotion: Include when specific marketing responsibilities and cost-sharing need to be defined
7. Third-Party Contracts: Required when dealing with franchise agreements or third-party service providers
8. Exit Strategy: Include when parties want specific provisions for buying out or selling their shares
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each party's initial capital contributions
2. Schedule 2: Profit Calculation Methodology: Detailed formula and examples of how profits will be calculated
3. Schedule 3: Operating Expenses: Comprehensive list of what constitutes operating expenses
4. Schedule 4: Required Licenses and Permits: List of all required regulatory approvals and responsibilities
5. Schedule 5: Management Structure: Detailed organizational chart and management responsibilities
6. Schedule 6: Financial Reporting Ƶ: Standard formats for required financial reports
7. Appendix A: Restaurant Premises Details: Information about the restaurant location and facilities
8. Appendix B: Equipment Inventory: Detailed list of restaurant equipment and ownership
9. Appendix C: Key Performance Indicators: Metrics used to evaluate restaurant performance
Food & Beverage
Hospitality
Restaurant Operations
Food Service Industry
Franchise Operations
Retail Food Service
Casual Dining
Fine Dining
Quick Service Restaurants
Catering Services
Legal
Finance
Operations
Commercial
Business Development
Compliance
Risk Management
Food Service Operations
Investment
Partnership Management
Restaurant Owner
Operations Manager
Financial Controller
Chief Financial Officer
Business Development Manager
Restaurant Manager
Legal Counsel
Investment Manager
Franchise Manager
Chief Executive Officer
Commercial Director
Partnership Manager
Compliance Officer
Food Service Director
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