How a Business Hired a Lawyer to Draft a Profit Share Agreement in Maryland

In 2024, a business in Maryland sought professional assistance with drafting a profit share agreement related to the sale of Jet A-1 fuel. The client aimed to define the distribution of net profits between their firm and a partner entity, ensuring clarity on the calculations and the terms of the arrangement. This agreement was crucial for outlining how profits would be determined and shared based on the sales price and costs associated with suppliers. As a result, the client received eight proposals from qualified attorneys, with flat fee bids ranging from $685 to $1,275, all submitted to fulfill the work within the requested deadline of less than a week.