How a Consulting Business Hired a Lawyer to Draft a Profit Share Agreement in Massachusetts

In 2021, a business in Massachusetts sought assistance with drafting a profit share agreement for its new online marketplace. The client aimed to outline the terms of revenue sharing with vendors on the platform, emphasizing the necessity of clearly defining the nature of introductions, payment timelines, liability limitations, and reporting requirements. It was crucial for the client to ensure that their role as merely an introductory service was articulated effectively to minimize potential liability. As a result, the client received four proposals from qualified attorneys, with flat fee bids ranging from $695 to $1,150, all submitted to meet the requested deadline of one week.