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The Consultant Profit Sharing Agreement is designed for use in the United Arab Emirates when engaging consultants or advisory firms on a profit-sharing basis rather than traditional fee-for-service arrangements. This structure is particularly relevant for strategic consulting engagements where the consultant's compensation is aligned with the value they create. The agreement complies with UAE Federal Laws governing commercial relationships and includes essential provisions for profit calculation, service delivery, and regulatory compliance. It's commonly used in situations where consultants provide high-value strategic advice, business transformation services, or specialized expertise that directly impacts business performance. The document ensures clarity in profit determination, payment mechanics, and party obligations while maintaining compliance with UAE commercial, civil, and labor laws.

1. Parties: Identification of the contracting parties including full legal names, addresses, and registration details

2. Background: Context of the agreement including the business relationship and purpose of the profit sharing arrangement

3. Definitions: Key terms used throughout the agreement including 'Profits', 'Services', 'Project', and calculation periods

4. Appointment and Scope: Terms of consultant appointment and detailed scope of services to be provided

5. Term and Termination: Duration of the agreement and circumstances for termination

6. Consultant's Obligations: Detailed responsibilities and performance standards of the consultant

7. Client's Obligations: Client's responsibilities including provision of information and access

8. Profit Calculation: Detailed methodology for calculating relevant profits subject to sharing

9. Profit Share Structure: Percentage split and mechanics of profit sharing between parties

10. Payment Terms: Timing and method of profit share payments, including currency and payment mechanics

11. Records and Audit Rights: Requirements for maintaining financial records and audit provisions

12. Confidentiality: Protection of confidential information exchanged during the engagement

13. Non-Competition: Restrictions on competitive activities during and after the agreement

14. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

15. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions