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?
1 Answer from Attorneys
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.
Related Questions & Answers
Can a neutral third party, also licensed to practice law in the State of the... Asked 7/24/13, 2:42 pm in United States Washington Business Law
I am an author of 5 books. One of my books was published back in 1997 and I would... Asked 7/14/13, 10:10 am in United States Washington Business Law
Can i make and sell merchandise with a high school logo on it legally? Asked 5/31/13, 3:01 pm in United States Washington Business Law