Ask HN: Revenue sharing contracts?
I am working on an app together with a designer. It is a bit of a hassle to set up a separate company for it, because it's not (yet?) a full-time project, we don't have any revenue coming in yet and we don't know what the future will look like.
We have agreed on an equal split of the revenue.
I want to set up a contract with him that we share the revenue and IP. What should I include in the contract? Of course, there need to be clauses for what happens if things go wrong, or what happens if things go incredibly good (e.g. acquisition). Does anybody have a sample contract for this? If I hire a lawyer to write it for me, what clauses should I consider?
As this is not the only project where I'm in a partnership, I wouldn't mind a reusable contract. Can lawyers provide these?
We're both based in Europe, by the way.
Thanks!