Revenue Royalty Agreement Template for Ireland

A Revenue Royalty Agreement is essential for businesses seeking to establish revenue-sharing arrangements in Ireland. This document is commonly used when one party provides rights, assets, or investment to another in exchange for a percentage of future revenue rather than fixed payments. The agreement must comply with Irish law, including tax legislation, intellectual property laws, and corporate regulations. It typically includes detailed provisions for revenue calculations, payment mechanisms, reporting obligations, and audit rights. The document is particularly relevant for technology licensing, content distribution, investment arrangements, and other commercial relationships where revenue-based compensation is preferred over fixed payments. The agreement should carefully consider Irish tax implications, including withholding tax requirements and VAT treatment of royalty payments.

1. Parties: Identifies and defines the parties to the agreement - typically the Rights Holder and the Revenue Generator

2. Background: Sets out the context of the agreement, including the business relationship and purpose

3. Definitions: Defines key terms including 'Revenue', 'Royalty Rate', 'Payment Period', and other crucial terms

4. Grant of Rights: Establishes what rights are being granted in exchange for the royalty payments

5. Calculation of Royalties: Details the method for calculating royalties, including the revenue base and applicable rates

6. Payment Terms: Specifies payment frequency, method, currency, and timing of royalty payments

7. Reporting Requirements: Outlines the revenue reporting obligations, including frequency and format

8. Audit Rights: Details the right to audit revenue calculations and related records

9. Tax Provisions: Addresses tax implications, withholding requirements, and VAT considerations

10. Representations and Warranties: Standard warranties regarding authority to contract and accuracy of revenue reporting

11. Term and Termination: Specifies duration of agreement and grounds for termination

12. Confidentiality: Protects confidential information shared during the course of the agreement

13. Governing Law and Jurisdiction: Specifies Irish law as governing law and jurisdiction for disputes