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Consultant Profit Sharing Agreement
"I need a Consultant Profit Sharing Agreement for engaging a digital transformation consultant in Malaysia, with a 15% profit share arrangement based on quarterly net profit increases, starting from March 2025, with strong IP protection clauses for our proprietary technology."
1. Parties: Identifies and provides full details of the contracting parties (company and consultant)
2. Background: Outlines the context of the agreement and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope: Details the consultant's appointment and scope of services
5. Term and Engagement: Specifies the duration of the agreement and engagement terms
6. Profit Sharing Structure: Defines the profit sharing formula, calculation methods, and payment terms
7. Consultant's Obligations: Lists the consultant's duties, responsibilities, and performance standards
8. Company's Obligations: Outlines the company's responsibilities and commitments
9. Confidentiality: Specifies confidentiality obligations and protection of sensitive information
10. Intellectual Property Rights: Addresses ownership and usage rights of IP created during the engagement
11. Non-Competition and Non-Solicitation: Restricts competitive activities and client/employee solicitation
12. Termination: Details circumstances and procedures for ending the agreement
13. Dispute Resolution: Outlines process for resolving disagreements
14. General Provisions: Contains standard legal clauses including notices, amendments, and governing law
1. Performance Metrics: Specific KPIs and performance measurement criteria - include when profit sharing is tied to performance
2. Expenses and Reimbursement: Rules for expense claims and reimbursement - include when consultant may incur reimbursable expenses
3. Insurance: Insurance requirements and coverage - include when consultant needs specific insurance
4. Assignment and Subcontracting: Rules for delegating duties - include when subcontracting might be relevant
5. Force Majeure: Provisions for unforeseeable circumstances - include for long-term or high-value agreements
6. Data Protection: PDPA compliance measures - include when personal data processing is significant
1. Schedule 1 - Services Description: Detailed description of consulting services and deliverables
2. Schedule 2 - Profit Calculation Methodology: Detailed formula and examples of profit calculation
3. Schedule 3 - Payment Terms and Procedures: Specific payment processes, timing, and documentation requirements
4. Schedule 4 - Performance Criteria: Detailed performance metrics and evaluation methods
5. Appendix A - Confidential Information: List of specific confidential information and handling requirements
6. Appendix B - Approved Expenses: List of pre-approved expenses and claiming procedures
Authors
Management Consulting
Information Technology
Financial Services
Professional Services
Business Strategy
Real Estate
Healthcare
Education
Manufacturing
Retail
Energy
Telecommunications
Digital Transformation
Engineering
Construction
Legal
Finance
Human Resources
Procurement
Business Development
Operations
Strategy
Executive Management
Administrative
Compliance
Chief Executive Officer
Managing Director
Chief Financial Officer
Legal Counsel
Business Development Manager
Project Manager
Management Consultant
Strategy Consultant
Financial Advisor
Business Advisor
Operations Manager
Human Resources Director
Procurement Manager
Contract Manager
Company Secretary
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