Profit Sharing Agreement

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views:5089
posted:1/10/2012
language:English
pages:4
Description: This is an agreement between an owner of real estate and a worker for a project that will improve the value of the real estate. The owner of the property agrees to provide all money necessary to complete the project while the worker agrees to be responsible for the day-to-day management of the project. In return for the worker’s management of the project, the worker will receive fifty percent (50%) of any positive profit gained in the sale of the property that can be attributed to the project. This agreement is ideal for property owners or property management companies that want to share the profits realized by a construction project on their property.
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