Profit Sharing Agreement and services exchange

Background.
Client name is Arturo. We are about to start a communication business for non-profit organizations in California. Isidro is a friend and has collaborated providing important contacts that have helped shape the business. The idea, concept, and work carried out so far have been Arturos.

Needs.
Arturo wants to share to Isidro the communication business and give him certainty but without sharing equity of the company or opening a third company.

Current situation.
Arturo has an LLC and Isidro a corporation. Arturo has experience in technology and Isidro has important contacts for Arturos communication business. Isidro is about to start a call center business.

Arturo and Isidro reached the following agreement:

1) Arturo will offer a percentage of net profits from the communication business to Isidro and will also offer technological services to start and run a Call Center business at cost value.

2) Isidro will offer a percentage of net profits from the Call Center business to Arturo and will also help to find, promote and negotiate new prospects for the communication business. Isidro will also offer Call Center services to Arturo at cost.

At the moment it is not our interest to open a third company or share equity. We look for a simple agreement that helps to build a good relationship between us ensuring benefits.

We need an agreement that can reflect our needs. Ill be happy to answer any questions.
About the recuiter
Member since May 20, 2018
Brian Lee
from Tamil Nadu, India

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