Profit Sharing Agreement Template – Australia

Disclaimer

The information provided is intended solely as a general example for contractual arrangements involving sharing of profits between parties. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in commercial or contractual law within the applicable jurisdiction. Laws and regulations may vary, and adjustments may be necessary to ensure compliance with local requirements. The use of this example is the user’s sole responsibility, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample Profit Sharing Agreement template for Australia, intended for illustrative purposes only. Actual terms may vary based on specific arrangements and applicable laws.

Profit Sharing Agreement Sample – Australia

Parties Involved:

Party A: ABC Partnership Pty Ltd
Address: 123 Business Road, Sydney NSW 2000

Party B: XYZ Contributor
Address: 456 Contribution Street, Melbourne VIC 3000

Scope of Agreement:

This agreement outlines the profit sharing arrangement between Party A and Party B concerning the project or business venture identified herein.

Profit Sharing Terms:

The parties agree to share profits generated from the project on a [specific percentage]% basis for Party A and [specific percentage]% for Party B, payable quarterly after reconciliation of accounts.

Parties’ Responsibilities:

Party A shall be responsible for managing the operational aspects of the project, while Party B shall contribute capital and/or resources as agreed. Both parties shall cooperate and provide necessary support for the successful execution of the project.

Governing Law:

This agreement shall be governed by the laws of the Commonwealth of Australia. Disputes shall be resolved in Australian courts.

Additional Provisions:

• All profits shall be calculated based on mutually agreed accounts prepared quarterly.
• This agreement may only be amended in writing signed by both parties.
• In the event of termination, profit sharing shall cease unless otherwise agreed.

Sydney, ______________________