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1. Parties: Identifies all parties to the agreement, including their legal names, addresses, and business registration details
2. Background: Sets out the context of the agreement, including the restaurant's details and the parties' intention to enter into a profit-sharing arrangement
3. Definitions: Defines key terms used throughout the agreement, including 'Profit', 'Revenue', 'Operating Expenses', and other relevant terms
4. Profit Sharing Structure: Details the agreed profit-sharing percentages, calculation methods, and timing of distributions
5. Financial Management: Outlines procedures for financial record-keeping, accounting methods, and audit rights
6. Operational Responsibilities: Defines each party's roles and responsibilities in running the restaurant
7. Management Rights: Specifies decision-making authority and management control rights of each party
8. Term and Termination: States the duration of the agreement and conditions for termination
9. Confidentiality: Protects sensitive business information shared between parties
10. Dispute Resolution: Establishes procedures for resolving disagreements between parties
11. Governing Law: Specifies that Philippine law governs the agreement and jurisdiction for disputes
1. Intellectual Property Rights: Include when the restaurant involves unique branding, recipes, or proprietary processes that need protection
2. Non-Compete Clause: Include when parties want to restrict involvement in competing businesses
3. Insurance Requirements: Include when specifying mandatory insurance coverage for the business
4. Employee Management: Include when parties need to specify responsibilities for hiring, managing, and compensating staff
5. Marketing and Promotion: Include when defining responsibilities and cost-sharing for marketing activities
6. Property and Equipment: Include when clarifying ownership and maintenance responsibilities for restaurant assets
7. Force Majeure: Include when parties want to address unforeseen circumstances affecting business operations
1. Schedule A - Profit Calculation Methodology: Detailed formula and examples for calculating distributable profit
2. Schedule B - Operating Budget: Initial operating budget and guidelines for future budget preparation
3. Schedule C - Restaurant Assets Inventory: List of all equipment, fixtures, and assets included in the business
4. Schedule D - Management Structure: Organizational chart and key personnel responsibilities
5. Schedule E - Required Licenses and Permits: List of necessary business permits and responsible parties
6. Appendix 1 - Financial Reporting Template: Standard format for regular financial reports
7. Appendix 2 - Operating Procedures: Standard operating procedures for the restaurant
Food & Beverage
Hospitality
Restaurant
Retail
Food Service
Casual Dining
Fine Dining
Quick Service Restaurants
Franchise Operations
Hospitality Management
Legal
Finance
Operations
Business Development
Compliance
Investment
Corporate Development
Restaurant Operations
Risk Management
Executive Leadership
Restaurant Owner
Business Development Manager
Chief Financial Officer
Operations Director
Restaurant Manager
Legal Counsel
Investment Manager
Financial Controller
Operations Manager
Compliance Officer
Business Partner
Restaurant Consultant
Franchise Manager
Chief Executive Officer
Corporate Development Manager
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