There are different companies that I want to contact to see if I could setup a strategic partnership with, where both of us would benefit. However, I want to avoid having to do a rev/profit share partnership because I feel if we both benefit in increased revenues through this partnership why would I have to make a rev/profit deal. Also, what are some of the most common strategic partnership agreements that usually take place? Are they normally a rev/profit share deal?
It's not about your willingness or someones trust in the partnership, but giving it a proper shape in the form of partnership deed. If revenue or profit isn't something that you intend to share with your partner then be prepared to compensate them in some other form.
More insight could be provided after knowing the kind of partnership you're seeking, roles and responsibilities of either party, point of mutual benefits, utilization of mutual IP et al. Feel free to DM or patch me in a call to be able to share above points.
Answered 9 years ago
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