Legal Question in Business Law in Washington

I want to sell a coupon for a fixed amount of money that I will buy back at a point in the future for a price based on how much profit a product I sell makes.

For example, I want to sell 1000 coupons for $100, which I will buy back for 50% of the profit I make selling shoes for the next 12 months.

So assuming I sell 50,000 shoes and make $10 profit off each pair, I will buy back the coupon for 50,000 x $10 x 50% / 1000 coupons = $250.

Is it legal for me to sell such a coupon?

Asked on 7/26/13, 12:02 pm

1 Answer from Attorneys

Matthew Johnson Johnson Legal Group, PLLC
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0 attorneys agreed

Yes. But beyond the low likelihood someone would purchase such a risky investment, you would need to be careful with the contract that goes along with it.

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Answered on 7/26/13, 2:47 pm

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