SHARE OF PROFITS. The agent is entitled to [PERCENT] of the profits generated for the sale of the product that are a direct result of the representative`s efforts, taking into account the duties carried out there. An incentive agreement should refer all parties involved with the name and address above the contract. You should write down the name of the company you form at the beginning of the agreement as well as the purpose of the company. Add references to the date of the agreement and the expected duration of the agreement. It should be indicated on which accounts the profits are paid and when the payment of these profits is made. The Company and the Representative intend to enter into an agreement whereby [PARTNER 1] and [PARTNER 2] will share the profits from the sale of the product on the basis of the representative`s efforts, as required. FULL AGREEMENT. This agreement constitutes the full understanding of the parties and replaces all previous written or oral agreements relating to the purpose of this issue.

This master interest agreement (this “agreement”) between Grange Mutual Casualty Company, including its 100% non-life and accident insurance subsidiaries (the “company”) and the Primary Agency (the “agent” or “agency”), identified in your agency`s summary and agency agreement with the company, effective January 1, 2016 and remains in effect until the entity reviews, replacements or terminations, and replaces all benefit-sharing and/or pre-profit sharing agreements between parties that cover the same lines of insurance as this agreement. This agreement is complementary and is not part of the Agency`s agreement. You can share gains and losses in any way you want. It is important that all partners agree on the situation and sign a contract to explain it. The only important detail to note is that if added together, all servings are 100 per cent. PandaTip: This section aims to regulate the consequences of ending this relationship of interest. This gives the representative the right to continue to receive leftovers (if circumstances require) and to delegate to the representative the responsibility of forwarding any further requests to the company in order to ensure a smooth transition. Alternatively, you can include restrictions on how the remaining partner liquidates the transaction and distributes the profits.

The main objective of the agreement is to cover all possible scenarios in your original contract in order to avoid litigation and, in all cases, to continue to operate smoothly.