$897.00
Two businesses decide to build something together and split it down the middle. The idea moves fast, the work starts, and the paperwork never happens. Then the thing actually works, and nobody can say who owns it. This agreement is for two independent businesses, or a business and an individual, jointly building and commercializing a product and sharing the revenue it earns. It fits software, technology and AI enabled tools, platforms, courses, and media properties.
It is a contractual arrangement, not a company, and it is drafted to keep the two sides from accidentally forming a general partnership and picking up the personal liability that comes with one. It covers what each side already owns and keeps, what gets created together and who owns it, the restriction that stops either side from licensing the joint work out from under the other, dependencies on third party platforms and models, rights in contributed data, customer data, and generated output, decision making and reserved matters, deadlock, a buy sell exit, the revenue split and the expenses that come off the top before it, audit rights, confidentiality, non circumvention, indemnification, insurance, termination, and what happens to the product itself once the collaboration ends.
You receive the agreement in Word and PDF, five schedules covering the product, the contributions and functional responsibilities, the background intellectual property and third party materials, the revenue split and expenses, and the reserved matters, plus a set of drafting notes that walks you through the decisions the template leaves open and the clauses people underestimate.
Please note: this template creates a contractual arrangement between two separate businesses. It does not form an LLC, a corporation, or a partnership entity, and it is not a substitute for an operating agreement or a shareholders agreement. If you are raising outside investment on the asset you are building, you want an entity instead.
