My start-up website development company is making a deal with a mortgage company for website development & marketing.
My problem is that this is not the typical development deal - it's more like a partnership between the two companies and I have no idea how to make a contract for this. I don't have the money to hire a lawyer to write out this contract so any help is greatly appreciated.
Here are the main details of the deal:
1. We develop the site at no charge
2. We have full control of the site to market it online as we see fit – Meaning that their online activities are under our control. Not sure if this is even possible
3. We get 10% of the sale for each client that signed up online for the first 12 month and 15% thereafter. Both us and the mortgage company will know who signed up online.
4. We have to get a sales report to we know which clients were funded (this is my biggest concern – To have a clause saying that the mortgage company must provide us with a sales report)
5. They must pay us on a monthly or quarterly basis.
If this was a development only deal, I would have no issues, but since its more of a partnership (because we only make money when they do), I have no idea what type of contract I need to make.
The agreement should have all the technical development specs in it, but, the above 5 issues do to.
Thanks for your help.
My problem is that this is not the typical development deal - it's more like a partnership between the two companies and I have no idea how to make a contract for this. I don't have the money to hire a lawyer to write out this contract so any help is greatly appreciated.
Here are the main details of the deal:
1. We develop the site at no charge
2. We have full control of the site to market it online as we see fit – Meaning that their online activities are under our control. Not sure if this is even possible
3. We get 10% of the sale for each client that signed up online for the first 12 month and 15% thereafter. Both us and the mortgage company will know who signed up online.
4. We have to get a sales report to we know which clients were funded (this is my biggest concern – To have a clause saying that the mortgage company must provide us with a sales report)
5. They must pay us on a monthly or quarterly basis.
If this was a development only deal, I would have no issues, but since its more of a partnership (because we only make money when they do), I have no idea what type of contract I need to make.
The agreement should have all the technical development specs in it, but, the above 5 issues do to.
Thanks for your help.
