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Royalty Split Agreement
"I need a Royalty Split Agreement for a software application I've developed with two other developers, where we want to split the revenue 40-30-30, with quarterly payments starting from March 2025."
1. Parties: Identifies and provides full details of all parties to the agreement
2. Background: Explains the context of the agreement, including the nature of the intellectual property or assets involved
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Grant of Rights: Specifies the rights being granted and any territorial or usage limitations
5. Royalty Split: Details the agreed percentage split of royalties between parties
6. Calculation and Payment: Specifies how royalties will be calculated, payment frequency, and payment methods
7. Reporting and Auditing: Outlines requirements for royalty reporting and rights to audit
8. Intellectual Property Rights: Confirms ownership and protection of the underlying intellectual property
9. Representations and Warranties: States the parties' assurances regarding their rights and capabilities
10. Term and Termination: Specifies the duration of the agreement and circumstances for termination
11. Confidentiality: Establishes obligations regarding confidential information
12. General Provisions: Includes standard legal clauses such as governing law, notices, and assignment
1. Marketing and Promotion: Include when parties have specific obligations regarding promotion of the revenue-generating asset
2. Quality Control: Required when the agreement involves branded products or services requiring quality standards
3. Minimum Guarantee: Include when there's a guaranteed minimum royalty payment requirement
4. Sub-licensing Rights: Add when parties have the right to sub-license the intellectual property
5. Territory Restrictions: Include when the royalty split applies to specific geographic regions
6. Dispute Resolution: Add detailed dispute resolution procedures for high-value or international agreements
7. Tax Provisions: Include specific tax-related provisions for international agreements or complex tax situations
8. Force Majeure: Add when parties want specific provisions for handling unforeseen circumstances
1. Schedule 1 - Intellectual Property Description: Detailed description of the intellectual property or assets covered by the agreement
2. Schedule 2 - Royalty Rates and Calculations: Detailed breakdown of royalty percentages and calculation methodologies
3. Schedule 3 - Payment Terms: Specific details about payment timing, currency, and methods
4. Schedule 4 - Reporting Template: Template for regular royalty reports
5. Schedule 5 - Approved Sub-licensees: List of approved sub-licensees if applicable
6. Appendix A - Revenue Categories: Breakdown of different revenue streams and their treatment
7. Appendix B - Audit Procedures: Detailed procedures for conducting royalty audits
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Intellectual Property Manager
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Find the exact document you need
Non Exclusive Royalty License
A New Zealand law-governed agreement granting non-exclusive rights to use intellectual property in exchange for royalty payments.
Royalty Fee License
A New Zealand law-governed agreement establishing terms for licensing intellectual property rights in exchange for royalty payments.
Royalty Split Agreement
A New Zealand-governed agreement that establishes terms for splitting royalty income between multiple parties.
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