Revenue Share Partnership Agreement Template for New Zealand

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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 marketing agency, with a 70-30 revenue split for all software sales, including specific provisions for intellectual property rights and performance targets to be met by March 2025."

Document background
The Revenue Share Partnership Agreement is a crucial document for businesses in New Zealand looking to establish collaborative ventures where revenues are shared between partners. This agreement is particularly relevant when parties wish to combine their resources, expertise, or market presence while sharing the financial benefits of their collaboration. The document addresses key aspects required under New Zealand law, including partnership structure, revenue calculation methodologies, payment terms, and compliance with the Partnership Act 2019. It's commonly used in various scenarios such as technology partnerships, distribution arrangements, platform-based businesses, and service collaborations where traditional fee-based models are less suitable. The agreement provides flexibility to accommodate different revenue sharing models while ensuring clarity and enforceability under New Zealand's legal framework.
Suggested Sections

1. Parties: Identification of all parties entering into the revenue share partnership agreement

2. Background: Context of the agreement, including the purpose of the partnership and brief description of each party's business

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpretation

4. Term and Commencement: Duration of the agreement, including start date and any renewal provisions

5. Revenue Sharing Structure: Detailed explanation of how revenues will be shared, including calculation methods and payment terms

6. Payment Terms: Specifics of payment timing, method, currency, and handling of late payments

7. Reporting and Audit Rights: Requirements for financial reporting and rights to audit revenue calculations

8. Obligations of the Parties: Specific responsibilities and commitments of each party under the agreement

9. Intellectual Property Rights: Ownership and usage rights of intellectual property in the partnership

10. Confidentiality: Protection of confidential information shared between parties

11. Termination: Circumstances under which the agreement can be terminated and the process for termination

12. Dispute Resolution: Process for resolving disputes between parties

13. General Provisions: Standard legal clauses including governing law, notices, and amendment procedures

Optional Sections

1. Marketing and Promotion: Used when parties need to specify joint marketing efforts or brand usage guidelines

2. Exclusivity: Include when parties agree to exclusive partnership arrangements

3. Territory Restrictions: When the revenue sharing arrangement is limited to specific geographic areas

4. Performance Targets: Include when revenue sharing is tied to specific performance metrics or targets

5. Change of Control: Used when parties want to address consequences of ownership changes

6. Force Majeure: Include when parties want to address unforeseeable circumstances affecting performance

7. Data Protection: Required when partnership involves handling personal or sensitive data

8. Insurance Requirements: Include when specific insurance coverage is required from either party

Suggested Schedules

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

2. Schedule 2: Reporting Template: Standard format for regular revenue reports and financial statements

3. Schedule 3: Key Performance Indicators: Metrics used to measure partnership performance

4. Schedule 4: Authorized Representatives: List of designated contacts for each party

5. Schedule 5: Excluded Revenue: Details of revenue streams excluded from the sharing arrangement

6. Appendix A: Service Level Agreement: Performance standards and service levels if applicable

7. Appendix B: Compliance Requirements: Specific regulatory or industry compliance requirements

8. Appendix C: Bank Account Details: Banking information for revenue share payments

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

Relevant legal definitions
Clauses
Relevant Industries

Technology

E-commerce

Digital Media

Entertainment

Professional Services

Retail

Software Development

Financial Services

Healthcare

Education

Hospitality

Telecommunications

Gaming

Advertising and Marketing

Consulting

Relevant Teams

Legal

Finance

Commercial

Business Development

Operations

Partnerships

Revenue Management

Compliance

Strategy

Account Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Commercial Officer

Business Development Manager

Partnership Manager

Legal Counsel

Commercial Director

Finance Manager

Operations Director

Contract Manager

Revenue Manager

Account Executive

Business Analyst

Partnership Development Director

Compliance Officer

Industries
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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