Home Q&A Forum Need advice on Revenue Sharing Agreement.

Business Plan

Revenue Sharing Agreement

New York

Asked on Mar 7, 2025

Need advice on Revenue Sharing Agreement.

I am currently in negotiations with a potential business partner to enter into a revenue sharing agreement for a new venture we are planning to launch together, and I would like to seek legal advice to understand the potential risks, liabilities, and protections associated with such an agreement, as well as ensure that the terms and conditions are fair and reasonable for both parties involved.

Answers from 1 Lawyer

Answer

Business Plan

New York

Answered 418 days ago

Damien B.

ContractsCounsel verified

Business Lawyer
Licensed in New York
4.9 (13)
Member Since:
October 3, 2023

You can consult an attorney to review your terms, conditions, and goals. Generally, having a separate legal entity is best to help protect against liability. You would determine the business structure, such as a limited liability company or a subchapter S corporation. In those cases, you would have either an Operating Agreement or a Shareholders Agreement that outlines reasonable terms and conditions for both parties.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.
Meet some lawyers on our platform

Heather B.

57 projects on CC
CC verified
View Profile

Lori B.

192 projects on CC
CC verified
View Profile

Darryl S.

278 projects on CC
CC verified
View Profile

Caroline N.

1 project on CC
CC verified
View Profile

People Also Asked

Business

Revenue Sharing Agreement

New York

Asked on Dec 7, 2024

Can you explain the key provisions and legal considerations of a revenue sharing agreement?

I am currently in discussions with a potential business partner to establish a revenue sharing agreement for a new online platform we are developing together. While I have a basic understanding of revenue sharing agreements, I am unsure about the specific provisions and legal considerations that need to be included in the agreement to protect both parties' interests. I want to ensure that the agreement clearly outlines how revenue will be shared, what expenses will be deducted, and how disputes will be resolved, among other key provisions. I would greatly appreciate your guidance in understanding the legal aspects of revenue sharing agreements and any potential pitfalls that I should be aware of before finalizing the agreement with my business partner.

4.9 (13)

Damien B.

Answered Dec 8, 2024

Hello! My name is Damien Bosco, Esq. My law office is located in Long Island City across from Manhattan. Some key provisions in a revenue-sharing agreement would be the following: - Purpose and Scope - Revenue Sharing Terms - Expense Deductions - Responsibilities of Each Party - Audit Rights - Dispute Resolution - Confidentiality and Non-Compete - Termination and Exit Strategy - Liability and Indemnification - Choice of Law Clearly distinguish between revenue-sharing arrangements and equity stakes, as they have different legal and tax implications. Also, address ownership of any intellectual property developed during the partnership, which can become a significant source of disputes. Feel free to reach out if you want a consultation or help drafting the agreement.

Read 1 attorney answer>

Securities

Revenue Sharing Agreement

California

Asked on Dec 2, 2021

How do you fund a restaurant?

I am looking for an attorney who can help me put together restaurant business proposal to funding to expand my restaurant branch.

View Russell M.
5.0 (17)

Russell M.

Answered Dec 14, 2021

There is not a lot of detail here so I am going to assume you are not asking about how to get a small business loan, or you aren't interested or able to get SBA financing for what ever reason. If you have a successful restaurant concept, you might want to look into Regulation CF crowdfunding. I am aware of a number of food and beverage businesses that have leveraged their existing loyal and enthusiastic customer bases and a well executed financial and PR campaign to fund expansion sites.

Read 1 attorney answer>

Business Plan

LLC

Texas

Asked on Oct 26, 2023

Can an LLC formation be expedited?

I am starting a small business, and I am in the process of forming a Limited Liability Company (LLC). I need to get the LLC established as soon as possible, and I am wondering if it is possible to expedite the process. I understand that the formation process typically takes some time, but I am hoping that there is a way to speed it up, as I need to get the LLC up and running as soon as possible.

View Darryl S.
5.0 (136)

Darryl S.

Answered Nov 17, 2023

yes - use one of services to move fast and pay a bit more for expedited registration.

Read 1 attorney answer>

Tax

New York

Asked on Mar 29, 2021

What is sales tax nexus?

I am considering an acquisition of an e-commerce company and have read about internet taxes and 'sales tax nexus'.

View Jane C.
4.9 (136)

Jane C.

Answered Mar 29, 2021

Sales tax nexus is the minimum contacts that a seller has with a state that would require it to register to do business within the state and file sales tax returns. Examples of activities that may create sales tax nexus include having a warehouse in the state and physical delivery of goods into the state. Disclaimer - This information is provided for general informational purposes only. No information contained in this post should be construed as legal advice and does not establish an attorney-client relationship.

Read 1 attorney answer>

Business Contracts

New York

Asked on Mar 29, 2021

I want to start freelancing. What legal documents should I have?

I am going to leave my full-time job to start freelancing full-time. I use a couple platforms but also want to get my own clients. I want to understand what legal documents I need to start my freelancing practice. I will be providing digital marketing service to other clients.

View Jane C.
4.9 (136)

Jane C.

Answered Mar 29, 2021

You will need a consulting agreement and terms and conditions to start. Depending on your business, you may need more agreements. Disclaimer - This information is provided for general informational purposes only. No information contained in this post should be construed as legal advice and does not establish an attorney-client relationship.

Read 1 attorney answer>

Find lawyers and attorneys by city