Negotiating Profit Share Agreement

Summary

Negotiating a profit share agreement with a partner seeking 80% without upfront investment can be challenging. Consider counter-proposals like a lower percentage, performance-based terms, or offering equity. Ensure contract terms protect your interests, including termination clauses and profit distribution periods. Consider consulting a local attorney for drafting a solid agreement.

Full Conversation

no
I understand you're dealing with a tough negotiation. Here are some additional tips:
- Equity Option: Offer a small percentage of company equity instead of profit share.
- Performance-Based: Link their profit share to specific performance targets.
- Advisory Role: Propose a consulting or advisory role with fixed compensation.
Would you like more detailed information on any of these options?