Ask a GoForth Expert
- How do we pay another company a royalty for selling our products to their customers?
Claudius du PlooyBusiness Law
How should you write a revenue sharing, royalty or consignment agreement? Short answer is you shouldn't unless you're a lawyer.
Find a lawyer who has experience writing these types of agreements - they may even have a "boilerplate" agreement that could be edited for your purposes which will save you the cost of having an agreement written from scratch.
Improperly drafted language can raise a host of misunderstandings - or worse, cut you out of compensation that you're rightfully entitled to. Leave this one to an expert.
About Claudius du Plooy
Claudius du Plooy, BComm, LLB, LLM is Founder of Claudius du Plooy Law Firm, a practice focussed on business law (corporate commercial law), securities law, commercial real estate development, entertainment law and international trade law. Claudius is passionate about SMEs.