I require a contract written fairly quickly for a new business venture,
Structure is as follows:
Myself and business partner - we are the directors of a new company and split the profits between us 50/50
We are hiring someone to run the company - they will receive a 30% share of total profits
The concrete partners in this are myself and my business partner - the person we are hiring to run the business needs to meet requirements effectively - otherwise their agreement will be terminated.
Assuming this will essentially be 2 agreements.
1) Between myself and business partner (to form a company)
2) Between the company and person we hire to run the business.
I am currently drafting the list of duties etc and will have this ready by close of this evening, however I need a professional to word the document correctly.
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