Legal Question in Business Law in Ohio
Revenue sahring agreement question
I'm about to enter into a 50/50 Revenue Sharing agreement with another party and I'd like to know what is customary or typical for ''termination'' language. More specifically, what is typically the outcome if one party does something that breaches the contract and gives cause for the other party to terminate the contract. What happens to things like equity and IP rights built up to that point?
Asked on 3/01/09, 5:45 pm
1 Answer from Attorneys
David Weilbacher, Esq.
Attorney at Law
Re: Revenue sahring agreement question
Joint business enterprises can be complex, and there is no short answer to your question. You need to speak to an attorney. The amount it will cost you to speak to an attorney now does not compare to what you may potentially lose in the future.
Answered on 3/01/09, 6:09 pm
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