Revenue Share Agreement

REVENUE SHARE AGREEMENT

This Revenue Share Agreement ("Agreement") is entered into on [Date], by and between [Your Name], a [Legal Entity Type] organized and existing under the laws of [Jurisdiction], with its principal place of business at [Your Company Address] ("Provider"), and [Recipient's Name], a [Legal Entity Type] organized and existing under the laws of [Jurisdiction], with its principal place of business at [Recipient's Address] ("Recipient").

1. Purpose

The primary aim of the establishment of this Agreement is to explicitly lay out and determine the framework of, and rules about, the agreed-upon understanding that it will be within Provider's duties and obligations to disburse an agreed-upon percentage of its earnings or profit to Recipient. This disbursement is premised on the fact that the Recipient will, in return for this financial consideration, offer a defined number of goods, services, or benefits to the Provider, with the precise nature of these deliverables as outlined, specified, and extensively defined within the content and conditions of this Agreement.

2. Revenue Share

2.1 The provider has entered into an agreement that they will share a percentage of the revenue, to be exact, twenty-five percent, which is generated specifically from the sales of the product specified in this context. The party set to receive this portion of the revenue is referred to as the Recipient.

2.2 The share of the revenue is to be computed with gross sales revenue as a basis. It stands as an obligation to make payment to the party denoted as the Recipient. The time of this payment is set to be once per month. This monthly payment is not to be delayed beyond a period of 15 days after the conclusion of every calendar month.

3. Duration

This Agreement shall kick-start its operations from the effective date that has been specified in the terms herein. The agreement will continue to remain operational until such a time when either party decides to terminate the agreement. The termination, however, should follow the stipulations that have been laid forth in Section 6 of this Agreement.

4. Conditions and Limitations

4.1 The individual or entity designated as the recipient does have an established entitlement to a share of the generated revenue. However, it is crucial to note that this entitlement is by no means a guarantee. Instead, its applicability is entirely dependent upon a series of conditions and limitations. These particular restrictions and requirements will be specified in greater detail in the following sections. This provision makes it abundantly clear that the recipient's right to share in the revenue is subject to these stated conditions and limitations.

The revenue share shall only apply to sales generated through leads provided by the Recipient.
The recipient must maintain a minimum performance threshold of 100 leads per month to be eligible for the revenue share.
Revenue generated from sales to existing customers or through other marketing channels not initiated by the Recipient is excluded from the revenue share arrangement.
Any fraudulent or invalid leads generated by the Recipient will not be eligible for revenue sharing.

5. Payment

5.1 The provider is under an obligation to carry out the transfer of payments which represent a portion of the revenue that is rightfully due to the recipient. The aforementioned payments are required to be finalized within 30 days, which begins from the day that each respective calendar month is concluded.

5.2 The agreement states that the method of providing payment shall be implemented through an electronic transfer of funds directly to the banking institution account which the Recipient has previously designated and provided specific details for.

6. Termination

6.1 This Agreement can be terminated by either party involved, given that they provide written notice of this intent to the other party and this notice is provided a minimum of 30 days before the desired termination date.

6.2 Should a termination arise, the Recipient must be compensated within a timeframe of 15 days following the termination. This compensation must cover any amounts that have not been paid about revenue share, as these are amounts that have already piled up until the date of the said termination.

7. Miscellaneous

7.1 This Agreement represents the complete and total understanding that exists between the parties on the topic at hand, and it supersedes and replaces all previous agreements and understandings, irrespective of whether these were expressed in written or oral form, that incidentally pertains to the same subject matter.

7.2 The sole method for modifying or changing the terms of this Agreement requires the creation of a written document. This document must bear the official signatures of both parties involved, affirming that they understand and accept the changes. Furthermore, the document must be properly executed, indicating all legal formalities have been met and acknowledged by both parties. This is the only acceptable means by which any amendments to this Agreement can be implemented.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

[Your Name] (Provider)

[Date Signed]

[Recipient's Name] (Recipient)

[Date Signed]