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Partnership agreement

Started by creatip, Feb 05 2012 08:27 PM

legal partnership agreement

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#1 creatip Members - Reputation: 108

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Posted 05 February 2012 - 08:27 PM

Hi,

I had a concept for an app which I developed into a workable demo and then I partnered up with an experienced programmer to help me improve and launch the product. My partner will get 25% of the product’s revenues. We are trying to launch the app this month (before the end of February) and about two-three months later form a company. I live in Ohio and my partner lives in Maryland: we met online and we hope to be able to take care of the legal paperwork without any travel involved.

How should we proceed? What would be the right legal forms (partnership agreement) we should file in the above circumstances? (And from where can we download the forms?)

Thank you,
Dan

creatip

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#2 Tom Sloper Moderators - Reputation: 5067

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Posted 05 February 2012 - 10:49 PM

There is no "form" for you to download. Really good information about what your agreement needs to contain is at http://underdevelopmentlaw.com/collaboration-agreements-and-online-development-teams/
But you are advised to hire a lawyer to write the agreement.

-- Tom Sloper
Sloperama Productions
Making games fun and getting them done.
www.sloperama.com

Please do not PM me. My email address is easy to find, but note that I do not give private advice.

#3 creatip Members - Reputation: 108

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Posted 06 February 2012 - 05:10 AM

Quite a helpful link, Tom. Thank you.

creatip

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