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Revenue Share Partnership Agreement

Revenue Share Partnership Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Revenue Share Partnership Agreement

"I need a Revenue Share Partnership Agreement for a software development company partnering with a digital marketing agency in Hong Kong, where we'll share revenue from joint client projects with a 60-40 split, including specific provisions for intellectual property rights and client data protection."

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Document background
The Revenue Share Partnership Agreement is essential for businesses in Hong Kong looking to establish collaborative ventures where partners share revenue from joint activities. This document is particularly relevant in today's digital economy where platform-based businesses, content creation partnerships, and collaborative service delivery models are common. It provides a robust legal framework under Hong Kong law for defining how revenue will be calculated, shared, and distributed among partners. The agreement addresses key aspects such as financial reporting requirements, audit rights, intellectual property protection, and dispute resolution mechanisms. It's designed to comply with Hong Kong's Partnership Ordinance and related regulations while being flexible enough to accommodate various business models and industry-specific requirements.
Suggested Sections

1. Parties: Identification and details of all parties entering into the agreement

2. Background: Context of the partnership and purpose of the agreement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Partnership Scope and Term: Defines the scope of partnership activities and duration

5. Revenue Definition and Calculation: Detailed definition of revenue and how it will be calculated

6. Revenue Share Structure: Specifics of how revenue will be shared between parties

7. Payment Terms and Mechanics: Timeline and methods for revenue share payments

8. Accounting and Audit Rights: Requirements for financial reporting and audit provisions

9. Representations and Warranties: Standard representations and warranties from each party

10. Obligations and Responsibilities: Key obligations of each party in the partnership

11. Intellectual Property Rights: Ownership and usage rights of IP in the partnership

12. Confidentiality: Protection of confidential information

13. Non-Competition and Non-Solicitation: Restrictions on competitive activities

14. Termination: Circumstances and process for ending the agreement

15. Dispute Resolution: Process for resolving disputes between parties

16. General Provisions: Standard boilerplate clauses including notices, amendments, etc.

Optional Sections

1. Marketing and Promotion: Rules for joint marketing activities and brand usage - include when partnership involves public-facing activities

2. Territory Restrictions: Geographic limitations on the partnership - include for territory-specific arrangements

3. Minimum Performance Requirements: Performance targets and consequences - include when specific performance levels are critical

4. Data Protection and Privacy: Specific data handling requirements - include when personal data is processed

5. Force Majeure: Provisions for unforeseen events - include for long-term or high-value partnerships

6. Insurance Requirements: Required insurance coverage - include for high-risk activities

7. Compliance with Laws: Specific regulatory compliance obligations - include for regulated industries

8. Change of Control: Provisions for ownership changes - include for partnerships with larger organizations

Suggested Schedules

1. Revenue Calculation Methodology: Detailed formulas and examples of revenue calculations

2. Payment Procedures: Step-by-step process for revenue sharing payments

3. Key Performance Indicators: Specific metrics for measuring partnership performance

4. Reporting Templates: Standard formats for financial and operational reporting

5. Approved Activities: List of agreed partnership activities and services

6. Excluded Revenue: Details of revenue streams excluded from sharing arrangement

7. Key Personnel: List of key contacts and their roles from each party

8. Compliance Requirements: Detailed regulatory and compliance obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Accounting Period
Affiliate
Agreement
Applicable Law
Business Day
Business Hours
Commencement Date
Confidential Information
Control
Dispute
Effective Date
Excluded Revenue
Force Majeure Event
Gross Revenue
Initial Term
Intellectual Property Rights
Key Performance Indicators
Material Breach
Net Revenue
Partnership
Partnership Activities
Payment Date
Permitted Use
Quarter
Records
Revenue Share
Revenue Share Calculation
Revenue Share Payment
Revenue Share Period
Revenue Share Report
Services
Term
Territory
Third Party
Working Hours
Clauses
Parties and Interpretation
Definitions
Partnership Scope
Term and Duration
Revenue Share
Payment Terms
Calculation Method
Record Keeping
Audit Rights
Reporting Requirements
Partnership Obligations
Representations and Warranties
Intellectual Property
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Force Majeure
Liability and Indemnification
Insurance
Assignment
Change of Control
Termination
Consequences of Termination
Dispute Resolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Third Party Rights
Costs
Counterparts
Compliance with Laws
Anti-Corruption
Relevant Industries

Technology

E-commerce

Digital Media

Entertainment

Education

Professional Services

Retail

Manufacturing

Financial Services

Healthcare

Telecommunications

Software Development

Digital Marketing

Gaming

Relevant Teams

Legal

Finance

Business Development

Operations

Commercial

Strategy

Compliance

Partnership Management

Revenue Management

Account Management

Risk Management

Corporate Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Business Development Manager

Partnership Manager

Commercial Director

Legal Counsel

Finance Director

Operations Manager

Account Manager

Contract Manager

Strategy Director

Business Unit Head

Revenue Manager

Compliance Officer

Industries
Partnership Ordinance (Cap. 38): Primary legislation governing the formation, operation, and dissolution of partnerships in Hong Kong. Defines partnership relationships and partners' rights and obligations.
Contract Ordinance (Cap. 26): Governs the formation and enforcement of contracts in Hong Kong, including elements of valid contracts, breach, and remedies.
Inland Revenue Ordinance (Cap. 112): Regulates taxation matters including how partnership income is taxed and requirements for reporting shared revenue.
Competition Ordinance (Cap. 619): Ensures the revenue sharing arrangement doesn't constitute anti-competitive behavior or market manipulation.
Business Registration Ordinance (Cap. 310): Stipulates requirements for business registration and documentation of business arrangements in Hong Kong.
Personal Data (Privacy) Ordinance (Cap. 486): Governs the collection, use, and sharing of personal data between partners if the agreement involves handling of personal information.
Employment Ordinance (Cap. 57): Relevant to ensure the revenue sharing arrangement is clearly distinguished from employment relationships.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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