Description
What is a Profit Share Agreement?
A Profit share or revenue share agreement, whatever the case may be, determines the roles and contributions of each party when entering into a partnership agreement together. It will also state the benefits and the ratio of the profit or revenue that each party is entitled to.
Why purchase a Profit share Agreement?
When entering into a parentship with a party outside of your business, it is always strongly recommended that such partnership be encapsulated in the form of an agreement to ensure that each party rightfully earns what they deserve and contribute what they are supposed to.
Who needs this?
- Any business or individual that wants to engage with another business or individual where profits or revenue will be shared.
- Joint ventures
- Any commission-based agent
