Where can I find a good profit agreement to use for my project?

What type of document should I be writing up to use between myself and my core team members, where there is profit involved? A partnership agreement? Profit agreement?

Question asked on 01/23/19 @ 7:01pm, edited on 01/05/19 @ 3:42pm

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My experience has been to keep it as simple as possible to start out, negotiating requires that you be honest and give what you should, but don’t offer the whole farm while doing it. Offer a profit agreement, then go from there. I don’t know how involved your core team has been, but guessing you’ve been the driving force up til now. That gives you more ownership rights. If I’m wrong, PM me and we can chat some more. 

Response posted on 01/23/19 @ 10:50pm
 

My experience has been to keep it as simple as possible to start out, negotiating requires that you be honest and give what you should, but don’t offer the whole farm while doing it. Offer a profit agreement, then go from there. I don’t know how involved your core team has been, but guessing you’ve been the driving force up til now. That gives you more ownership rights. If I’m wrong, PM me and we can chat some more. 

Response posted on 01/23/19 @ 10:51pm
 

Thanks Stu, most of the sample agreements I found were very dense. I stripped down a template to the core pieces that pertain to my project and team. There's only two of us so it's not super complicated.

Response posted on 02/05/19 @ 11:26am
 
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