For Future Profit Agreement

This Future Shared Profit Agreement ("Agreement") serves as a formal arrangement between [Your Company Name] ("Company") and [Service Provider Name] ("Service Provider"). The primary purpose of this Agreement is to encourage early involvement in startups where funding is often scarce. This Agreement offers a share of the Company's future net profits as compensation, without diluting ownership. The compensation model is structured to factor in not just hours of service provided, but also the level of experience and timing of the Service Provider's involvement in the Company. The Agreement further outlines a fair and transparent buyout mechanism, taking into account the Service Provider's diverse contributions to the venture. This allows either party to exit the arrangement while ensuring that the valuation is equitable and reflective of multiple factors. This Agreement further contains clauses to ensure both parties act in the Company's best interests, including a "No Asshole Clause" that ties professional conduct to the retention of profit-sharing rights.

By entering into this Agreement, both parties commit to a long-term, equitable partnership aimed at mutual benefit and the growth of the Company.

This is the introductory part of the For Future Profit Agreement, aimed to lower the barriers of engagement and accelerate the pace of development while protecting the value provided by all entities involved in the development.

One of the many downfalls of businesses is agreements that provide value to one side over the other. Trying to focus on the basis of Fair Economy, and add easy formulas, transparency, and trust for all parties.