Common use of Distribution of Profits Clause in Contracts

Distribution of Profits. Net profits and net losses accruing to the Joint Venture shall be distributed to the parties in: (Check one) ☐ ☐ Accordance with each party's respective ownership interests. The following proportions: • [First Party]: % • [Second Party]: %

Distribution of Profits. Net profits and net losses accruing to the Joint Venture shall be distributed to the parties in: (Check one) ☐ ☐ Accordance with each party's respective ownership interests. ☐ The following proportions: •  _ [First Party]: % •  _ [Second Party]: %

Distribution of Profits. Net profits and net losses accruing to the Joint Venture shall be distributed to the parties in: (Check one) ☐ ☐ Accordance with each party's respective ownership interests. ☐ The following proportions: • ________________________ [First Party]: __________% • ________________________ [Second Party]: __________%