format require for sharing profit to the individual

ramesh (Querist) 25 March 2010 This query is : Resolved
Dear Sir

as per the above subject my client was doing facility management business as proprietor he has appointed a person to do the business this person only looking 40% of profit out of 100% & he will not invest any capital or he will not bare any loss. for this i need particular format

please provide the same.

Ramesh

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A V Vishal (Expert) 25 March 2010
Since it is a proprietary firm you will have to enter into a contract with the person. Further, it is suggested that you take assistance of some local lawyer who can draft the same since the agreement can be crucial and many terms/points have to be covered under it.

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