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    Profit Sharing

    Uploaded by

    Bobec Tungol
    This document outlines a profit sharing agreement between Empire (the Planner) and Gentle Maniacs (the Seller) for an event hosted by the Planner. The Seller is granted exclusive rights to sell shirts at the event and the Planner will receive 50 pesos commission for every shirt sold. The event will take place on October 10, 2014 at the Bohol Cultural Center. After the event, the Seller must submit a report and payment to the Planner detailing the number of shirts sold and calculating the Planner's share. Both parties agree to indemnify each other from any liability or damages arising from the event.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Profit Sharing

    Uploaded by

    Bobec Tungol
    282 views2 pages
    This document outlines a profit sharing agreement between Empire (the Planner) and Gentle Maniacs (the Seller) for an event hosted by the Planner. The Seller is granted exclusive rights to sell shirts at the event and the Planner will receive 50 pesos commission for every shirt sold. The event will take place on October 10, 2014 at the Bohol Cultural Center. After the event, the Seller must submit a report and payment to the Planner detailing the number of shirts sold and calculating the Planner's share. Both parties agree to indemnify each other from any liability or damages arising from the event.

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    sample contract

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    This document outlines a profit sharing agreement between Empire (the Planner) and Gentle Maniacs (the Seller) for an event hosted by the Planner. The Seller is granted exclusive rights to sell shirts at the event and the Planner will receive 50 pesos commission for every shirt sold. The event will take place on October 10, 2014 at the Bohol Cultural Center. After the event, the Seller must submit a report and payment to the Planner detailing the number of shirts sold and calculating the Planner's share. Both parties agree to indemnify each other from any liability or damages arising from the event.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    282 views2 pages

    Profit Sharing

    Uploaded by

    Bobec Tungol
    This document outlines a profit sharing agreement between Empire (the Planner) and Gentle Maniacs (the Seller) for an event hosted by the Planner. The Seller is granted exclusive rights to sell shirts at the event and the Planner will receive 50 pesos commission for every shirt sold. The event will take place on October 10, 2014 at the Bohol Cultural Center. After the event, the Seller must submit a report and payment to the Planner detailing the number of shirts sold and calculating the Planner's share. Both parties agree to indemnify each other from any liability or damages arising from the event.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    1PROFIT SHARING AGREEMENT

    THIS PROFIT SHARING AGREEMENT (hereinafter referred to as the "Agreement"), is made as of


    ___________________, by and between Empire (hereinafter referred to as the "Planner"), of
    Booy, Tagbilaran City, Bohol and Gentle Maniacs (hereafter referred to as the "Seller"), of
    Lindaville Subdivision Phase I, Tagbilaran City, Bohol.

    WHEREAS, Seller desires to sell shirts at the event hosted by the Planner; and, subject to the
    terms and conditions hereof, Planner permits the sale of goods at the event in return for a
    commission.

    NOW, THEREFORE, in consideration of the promises and other good and valuable consideration
    set forth, the parties agree as follows:

    1. SELLING RIGHTS

    a. The Planner grants the Seller an exclusive right to sell shirts at the Event and the
    former has no authority in determining the quality, quantity and sale price of the shirts.

    b. The Seller at its own cost and expense agrees to keep and display the shirts in the
    area designated by the Planner.

    c. The Planner is not liable for any loss of or damages to the goods of the Seller unless it
    is caused by employees or representatives of the Planner.

    2. THE EVENT

    The Seller shall sell shirts at the event on October 10, 2014 at the Event location:

    Venue: BOHOL CULTURAL CENTER
    Address: Carlos P. Garcia Avenue, Tagbilaran City, Bohol
    Time Frame: 7PM - 2AM


    3. PROCEEDS OF SALES

    The Planner is entitled to a share of Fifty Pesos (50.00 php) for every shirt sold during the event.
    After the Event, the Seller will submit a written report that set forth the calculation of the
    amount of the share of the total number shirts sold. Payment of the share shall be given to the
    Planner at the end of the Event.

    4. RECORDS

    Seller shall keep accurate records regarding the quantities of the shirts that are sold. Planner
    shall have the right to inspect such records from time to time during the Event.

    4. INDEMNIFICATION

    Planner and Seller agree to indemnify and hold one another harmless for any and all liability
    and damages during (including, without limitation, reasonable attorney's fees) the other party
    hereto may suffer as a result of any and all claims, damages, costs or judgements for personal
    injury, property losses or property damages incurred or suffered by or threatened against the
    other party in connection with any claim brought by or on behalf of any third party, person,
    firm or corporation (including either Planner's employees or Seller's employees) as a result of or
    in connection with the Event or the Services rendered herein, when such claim results from the
    breach or alleged breach of the indemnifying party's warranties, representations or agreements
    herein or the negligence of such party.

    5. MISCELLANEOUS

    a. In the event that any provision or part of this Agreement shall be deemed void or
    invalid by a court of competent jurisdiction, the remaining provisions or parts
    shall be and remain in full force and effect.
    b. This Agreement is not assignable or transferable by either party, in whole or in
    part, without the prior written consent of the non-assigning party.
    c. This Agreement constitutes the entire agreement between the parties hereto
    with respect to the specific subject matter hereof and supersedes all prior
    agreements or understandings of any kind with respect to the specific subject
    matter hereof.
    d. Any modification to this Agreement must be in writing and signed by the parties
    or it shall have no effect and shall be void.



    IN WITNESS WHEREOF the parties have duly executed this Agreement this ______ day
    of _________, 20___:



    PLANNER: SELLER:

    EMPIRE GENTLE MANIACS

    __________________________ __________________________
    VANESSA A. UY ARNOLD TORRALBA
    (Authorized Representative) (Authorized Representative)

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