How a Capital Markets Business Hired a Lawyer to Draft a Profit Share Agreement in Utah

In 2024, a business in Utah sought assistance with drafting a profit share agreement. The client needed a formal document that would outline the terms of a transaction involving a buyer of commercial paper and another company, with a fixed profit structure of $1 million payable upon the successful closing of the deal. Given the nature of the agreement and the involvement of multiple parties, it was important for the document to be governed by Utah law. As a result, the client received seven proposals from licensed attorneys, with flat fee bids ranging from $699 to $1,295. All proposals were submitted in a timely manner to meet the client's requested deadline of less than one week.