revenue-sharing-agreement

Vocabulary Word

Definition

A 'revenue-sharing-agreement' is a legal document that defines how all parties involved will divide earned revenue or income. It's like renting out a room in your house and splitting the rent with your housemate.

Examples in Different Contexts

In business partnerships, a 'revenue-sharing agreement' is a contract where partners agree to share profits generated from a joint venture in proportion to their contributions. A business strategist might explain, 'Our revenue-sharing agreement incentivizes all partners to maximize the project's success.'

Practice Scenarios

Tech

Scenario:

It's been great having our app on your platform. Could we revisit the terms of splitting our earnings?

Response:

I agree, we should review our revenue-sharing-agreement and possibly renegotiate the terms.

Creative

Scenario:

Your song's popularity on our platform is skyrocketing. Let's talk about how we divide the earnings from the sales.

Response:

Let's clearly define the details of our revenue-sharing-agreement. Transparency is key to a successful partnership.