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Simplifying Agreements and Contracts

PROFIT SHARING AGREEMENT

This profit sharing agreement (the “Agreement”) is made and effective the [DATE]

BETWEEN: ________________, a company incorporated under the Indian

Companies Act, 2013 having its registered office at
________________________________________________________
__________ (the “Company”), through its managing director Mr.
____________________________________ duly authorized by the
Board of Directors of the Company vide board resolution, dated
________________ to execute this Agreement. Which expression shall
unless repugnant to the context or meaning thereof, be deemed to
include its successors and permitted assigns of the First Part;

AND: Dr. [Doctor Name], residing at [Full Address of Doctor] (hereinafter

referred to as “Dr. ABC”), which expression shall, unless it be
repugnant to the context or meaning thereof, be deemed to mean and
include each of his legal heirs, representatives, permitted assigns,
executors, administrators and successors-in-interest) of the Second Part.

The Company and Dr. ABC are hereinafter collectively referred to as “Parties” or individually as
“Party”.
WHEREAS:
The Company is a franchise of ___________ Hospitals, a leading hospital chain, widely
recognized as the pioneer of private healthcare in India.
The Company, by virtue of a franchise agreement has agreed to part with _____________% of
it’s after tax profit as royalty for use of trade name.
The Company is engaged in the business of providing similar services as the hospitals does at its
various centers across India.
Dr. ABC has decided to partner with the Company for opening up of a dental unit at the
Company’s franchised unit at [ADDRESS] (herein after called the “Dental Unit”). The said
Dental Unit shall be run and operated under the [HOSPITAL NAME] brand name.
In connection with the above, the Parties hereby enter into this Agreement which sets forth the
Parties business and commercial understanding between themselves. The Agreement contains

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Evaluer. Simplifying Agreements and Contracts

detailed provisions pertaining to the rights and obligations, both financial and otherwise between
the Parties.
NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES AND THE
MUTUAL PROMISES AND COVENANTS SET FORTH HEREIN, THE PARTIES
AGREE AS FOLLOWS:
1. DEFINITIONS
In this Agreement, unless repugnant or contrary to the context hereof, the following
terms, when capitalized, shall have the meanings assigned herein when used in this
Agreement:

“Agreement” shall mean this Agreement, the schedules or annexures attached hereto
and any document included by reference as each may be amended from time to time in
accordance with terms of this Agreement;

“Applicable Laws” or “Laws” means all statutes, codes, ordinances, decrees, rules,
regulations, municipal by-laws, judicial or arbitral or administrative or ministerial or
departmental or regulatory judgments, orders, decisions, rulings or awards, policies,
voluntary restraints, guidelines, or any provisions of such laws, including general
principles of common and civil law and equity, binding on or affecting the person
referred to in the context in which such word is used.

OMITTED

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