Revenue Sharing Agreement An agreement for sharing revenue among parties, specifying revenue-sharing terms, allocation, and distribution mechanisms.
The purpose of this Agreement is to establish the terms and conditions under which the Parties agree to share revenue generated from their joint marketing campaign (the "Campaign"). The revenue source includes income generated from sales and leads resulting from the Campaign, such as product sales, advertising, and subscription services.
2.1. Revenue-sharing Percentages
The Parties agree to share revenue generated from the Campaign as follows:
a) SwiftDigital shall receive [●]% of the total revenue generated from the Campaign;
b) SmartTech shall receive [●]% of the total revenue generated from the Campaign.
2.2. Adjustments to Revenue-sharing Percentages
Any adjustments to revenue-sharing percentages shall be agreed upon in writing by both Parties and shall become effective upon execution of such written agreement.
All revenue generated from the Campaign shall be allocated and distributed in accordance with the revenue-sharing percentages set forth in Section 2.1. The allocation of revenue shall be based on the net revenue received by the Parties from the Campaign after deducting allowable expenses related to the Campaign, as agreed upon by the Parties in writing.
4.1. Payment Terms
Payments to each Party for their respective share of the revenue shall be made on a monthly basis, no later than thirty (30) days following the end of each calendar month.
4.2. Payment Method
All payments under this Agreement shall be made by check, wire transfer, or any other means mutually agreed upon by the Parties in writing, and in U.S. dollars.
5.1. Monthly Reports
Each Party shall provide the other Party with a monthly report detailing the revenues generated from the Campaign for the preceding month, as well as allowable expenses and each Party's revenue share calculated in accordance with this Agreement. Such monthly reports shall be provided within fifteen (15) days after the end of each calendar month.
5.2. Reporting Discrepancies
If either Party, in good faith, disputes the accuracy of any report provided by the other Party, such disputing Party shall notify the other Party in writing, and the Parties shall work together in good faith to resolve any discrepancies.
This Agreement shall commence on the Effective Date and shall continue until terminated by either Party in accordance with Section 6.2 below.
Either Party may terminate this Agreement for any reason upon thirty (30) days' prior written notice to the other Party. In the event of termination, each Party's right to revenue sharing shall survive and continue in accordance with the terms of this Agreement.
This Agreement shall be governed by and construed in accordance with the laws of the United States and the State of [STATE], without regard to conflicts of law principles.
This Agreement, including any exhibits or schedules hereto, constitutes the entire Agreement between the Parties concerning the subject matter herein and supersedes all prior and contemporaneous agreements, whether written or oral, between the Parties relating thereto.
No amendment, modification, or waiver of this Agreement or any provision hereof shall be effective unless in writing and signed by both Parties.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
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In this Revenue Sharing Agreement, you will see the following sections:
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