51Ƶ

Legal Templates
Profit Sharing Agreement Independent Contractor

Profit Sharing Agreement Independent Contractor for Singapore

Profit Sharing Agreement Independent Contractor Template for Singapore

A legally binding agreement governed by Singapore law that establishes a profit-sharing arrangement between an independent contractor and a business entity. The agreement defines the terms of service provision, calculation methodology for profit sharing, payment terms, and clearly establishes the contractor's independent status while ensuring compliance with Singapore's regulatory requirements, including tax considerations and data protection obligations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

Get our Singapore-compliant Profit Sharing Agreement Independent Contractor

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Profit Sharing Agreement Independent Contractor

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Profit Sharing Agreement Independent Contractor?

The Profit Sharing Agreement Independent Contractor document is essential for businesses in Singapore seeking to engage contractors under a performance-based compensation model. This agreement is particularly relevant when traditional fixed-fee arrangements are unsuitable, and where linking compensation to business success is desired. It provides comprehensive coverage of profit calculation methods, payment terms, and contractor obligations while maintaining compliance with Singapore's legal framework, including tax regulations and employment laws. The document is designed to protect both parties' interests while clearly establishing the independent nature of the relationship.

What sections should be included in a Profit Sharing Agreement Independent Contractor?

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services to be provided by the independent contractor

5. Independent Contractor Status: Clear establishment of non-employment relationship and its implications

6. Profit Sharing Structure: Detailed calculation method and basis for profit sharing arrangement

7. Payment Terms: Timing, method, and conditions for profit share payments

8. Term and Termination: Duration of agreement and conditions for termination

9. Confidentiality: Protection of sensitive information and trade secrets

10. Governing Law: Specification of Singapore law as governing law and jurisdiction

What sections are optional to include in a Profit Sharing Agreement Independent Contractor?

1. Non-Compete: Restrictions on competition during and after the agreement term

2. Insurance Requirements: Specific insurance coverage requirements for the independent contractor

3. Intellectual Property: Ownership and rights to intellectual property created during the engagement

4. Force Majeure: Provisions for handling unforeseeable circumstances preventing performance

What schedules should be included in a Profit Sharing Agreement Independent Contractor?

1. Schedule A - Services Description: Detailed scope of services and deliverables

2. Schedule B - Profit Calculation Method: Detailed formula and examples of profit calculation

3. Schedule C - Payment Schedule: Timeline and milestones for payments

4. Schedule D - Performance Metrics: KPIs and performance measurement criteria

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

X social icon image

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Contractor Agreement

Sector

Commercial

Cost

Free to use
Relevant legal definitions





















Clauses






























Industries

Employment Act (EA): While not directly applicable to independent contractors, needs consideration to clearly establish and differentiate the independent contractor status from employment relationship to avoid misclassification

Income Tax Act: Governs tax implications for both parties, including withholding tax considerations and GST registration requirements if applicable

Contract Law (Chapter 53): Covers basic contract formation and validity requirements, terms and conditions enforcement, and consideration requirements for the agreement

Competition Act: Ensures profit-sharing arrangement compliance with competition laws and governs any non-compete clauses

Personal Data Protection Act (PDPA): Regulates data protection obligations, data handling, and confidentiality requirements if personal data is involved

Central Provident Fund (CPF) Act: Needs to be addressed to clarify that CPF contributions are not applicable due to independent contractor status

Work Injury Compensation Act: Must be addressed to specify non-applicability due to independent contractor status and consider including insurance requirements

Companies Act: Ensures compliance with corporate requirements if either party is a company and considers shareholder approval requirements for profit-sharing arrangements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

No matches found.

Subcontractor Service Agreement

A Singapore-law governed agreement defining terms and conditions for subcontractor services, including scope, payment, and compliance requirements.

find out more

Subcontractor Employment Agreement

A Singapore-law governed agreement establishing terms and conditions between a company and subcontractor for provision of services.

find out more

Sole Trader Contract

A Singapore-law governed contract establishing the legal framework for sole trader business operations and compliance requirements.

find out more

Simple Subcontractor Contract

A Singapore-law governed agreement between contractor and subcontractor defining work scope, terms, and obligations.

find out more

Simple Payment Agreement Contract

A Singapore law-governed agreement establishing payment terms and obligations between parties.

find out more

Residential Contractor Agreement

A legally binding agreement under Singapore law between property owners and contractors for residential construction or renovation works.

find out more

Pre Agreement Contract

A Singapore-law governed preliminary agreement that sets the framework for negotiations and protects parties' interests during deal discussions.

find out more

Painting Contract Agreement

A Singapore-compliant contract governing painting services, defining terms between contractor and client.

find out more

Independent Contractor And Non Compete

A Singapore-law governed agreement establishing independent contractor terms and non-compete obligations.

find out more

Foreign Independent Contractor Agreement

A Singapore law-governed agreement establishing terms between a Singapore-based company and a foreign independent contractor.

find out more

Driver Contractor Agreement

A Singapore-compliant legal agreement establishing the relationship between a transportation service provider and an independent driver contractor.

find out more

Domestic Subcontract Agreement

A Singapore-governed agreement between main contractor and subcontractor for construction works.

find out more

Contractor Service Agreement

A Singapore law-governed agreement establishing terms between contractors and clients for professional services provision.

find out more

Contractor Referral Agreement

A Singapore-law governed agreement establishing terms for contractor referrals, including commission structures and referral processes.

find out more

Contract For Personal Service

A Singapore-governed agreement establishing terms between an independent contractor and client for provision of professional services.

find out more

Contract For Labor Agreement

A legally binding employment agreement for manual labor workers in Singapore, compliant with local labor laws and workplace regulations.

find out more

Contract Between Employer And Independent Contractor

A Singapore-law governed agreement establishing terms between a business and independent contractor, defining service scope, payment terms, and relationship parameters.

find out more

Consulting Agreement Contract

A Singapore-law governed agreement establishing terms and conditions between a consultant and client for professional services delivery.

find out more

Construction Contractor Contract

A Singapore-law governed agreement between principal and contractor for construction works, incorporating local building regulations and industry standards.

find out more

Civil Work Contract Agreement

A Singapore-compliant contract governing civil construction works between an employer and contractor, outlining terms, conditions, and obligations.

find out more

Subcontractor Hold Harmless Agreement

A Singapore-law governed agreement establishing indemnification obligations between contractor and subcontractor, protecting the principal contractor from liability arising from subcontractor's work.

find out more

Salon Contract For Employees

A Singapore-compliant employment contract specifically designed for salon staff, establishing terms of employment and professional standards in the beauty industry.

find out more

Part Time Contractor Agreement

A Singapore-law governed agreement establishing terms for part-time contractor services, ensuring clear distinction from employment relationship.

find out more

Mining Contractor Agreement

A Singapore-law governed agreement between mining companies and contractors for mining services, incorporating local regulatory requirements.

find out more

Home Remodel Contract

A Singapore-governed contract for residential renovation works, establishing terms between homeowner and contractor.

find out more

Framework Agreement Contract

A Singapore-law governed agreement establishing terms for ongoing procurement relationships and future contracts.

find out more

Construction Warranty Agreement

A legally binding agreement under Singapore law that guarantees construction quality and outlines warranty obligations for defects and repairs.

find out more

Construction Service Contract

A legal agreement for construction services in Singapore, governing contractor-client relationships and ensuring compliance with local construction laws.

find out more

Contract Agreement Between Two Parties

A customizable legal agreement between two parties under Singapore law, establishing mutual terms and obligations without standardized constraints.

find out more

Construction Contract Agreement Form

A standardized construction agreement under Singapore law establishing terms and conditions for building projects.

find out more

Binding Agreement Contract

A legally binding contract governed by Singapore law that establishes enforceable terms and conditions between parties.

find out more

Agreement Security Guard Contract

A Singapore-law governed contract establishing terms for security guard services, compliant with PSIA regulations.

find out more

Agreement For Construction Of House

A Singapore law-governed agreement setting out terms and conditions for house construction, including scope, payments, and responsibilities.

find out more

Agreement Between Contractor And Principal Employer

A Singapore-law governed agreement establishing terms between a principal employer and independent contractor, defining services, payments, and obligations.

find out more

Independent Contractor Equity Agreement

A Singapore-law governed agreement establishing independent contractor status and equity compensation terms for services provided to a company.

find out more

Model Form Contract

A standardized contract template compliant with Singapore law, designed for efficient business transactions.

find out more

Company Bond Contract

A Singapore-law governed agreement documenting terms and conditions of corporate bond issuance, establishing rights and obligations between issuer and bondholders.

find out more

Construction Owner's Representative Contract

A Singapore law-governed agreement appointing a professional representative to oversee construction projects on behalf of the property owner.

find out more

Profit Sharing Agreement Independent Contractor

A Singapore-governed agreement establishing profit-sharing terms between an independent contractor and a business entity.

find out more

Loan Officer Independent Contractor Agreement

A Singapore-governed agreement establishing terms between financial institutions and independent contractor loan officers, ensuring regulatory compliance and defining service parameters.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

Generate Legal Docs Free

Create your first 2 documents for free
You keep IP ownership of your information
Your data doesn't train Genie's AI
*No registration required