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Get the free interim revenue sharing agreement - Gov.bc.ca

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THIS AGREEMENT dated for reference the 31st day of March, 2024. BETWEEN HIS MAJESTY THE KING IN RIGHT OF THE PROVINCE OF BRITISH COLUMBIA, as represented by the Minister of Transportation and Infrastructure
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How to fill out interim revenue sharing agreement

01
Review the terms of the interim revenue sharing agreement, including the duration of the agreement, the parties involved, and the specific revenue sharing percentages.
02
Fill out the agreement with the relevant information, including the names and contact information of both parties, the specific revenue sharing percentages, and any other relevant details.
03
Have both parties review and sign the agreement to ensure mutual understanding and agreement on the terms.
04
Keep a copy of the signed agreement for your records and provide a copy to the other party involved.

Who needs interim revenue sharing agreement?

01
Businesses engaging in partnerships or joint ventures that involve sharing of revenues
02
Freelancers or independent contractors working on projects with revenue-sharing arrangements
03
Investors funding a project with a revenue-sharing model
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An interim revenue sharing agreement is a temporary arrangement between parties to allocate revenue generated from a joint venture or partnership until a permanent agreement is finalized.
Typically, organizations or businesses engaged in joint revenue-generating activities are required to file an interim revenue sharing agreement.
To fill out an interim revenue sharing agreement, parties should detail their revenue-sharing framework, including the percentage of revenue shared, payment terms, and any relevant timeframes in a formal document.
The purpose of an interim revenue sharing agreement is to establish a temporary framework for how revenue will be shared between parties while a more permanent arrangement is being negotiated.
The information that must be reported includes the names of the parties involved, revenue-sharing percentages, the period the agreement covers, and any conditions affecting the revenue sharing.
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