The Hennepin Minnesota Revenue Sharing Agreement to Income from the Licensing and Custom Modification of the Software is a legal contract that outlines the terms and conditions for revenue sharing between the Hennepin County government and software developers or vendors. This agreement specifically focuses on the income generated through software licensing and custom modifications. The primary objective of this agreement is to establish a fair and equitable distribution of revenue generated from software licensing and custom modification activities. By defining clear guidelines, it ensures transparency, accountability, and mutual benefit for both parties involved. Under this agreement, there can be different types of revenue sharing models, depending on the specific terms negotiated between the county and the software developers or vendors. These models may include: 1. Percentage-based Revenue Sharing: This model involves sharing a predetermined percentage of the income generated from software licensing and custom modifications. The exact percentage can vary depending on the nature of the software, market conditions, and other factors. 2. Tiered Revenue Sharing: In this model, the revenue sharing percentage may change based on predefined revenue thresholds. For example, the agreement may stipulate a higher percentage for revenues exceeding a certain threshold, providing an incentive for higher performance. 3. Fixed Fee Revenue Sharing: Instead of using a percentage-based model, this approach involves a fixed fee arrangement where a specific amount is agreed upon as the shared revenue for each software license sold or customization project completed. 4. Hybrid Revenue Sharing: This model combines different elements of the aforementioned models. It provides flexibility in revenue sharing calculations, enabling the county and software developers or vendors to negotiate terms that best align with their respective goals and interests. The Hennepin Minnesota Revenue Sharing Agreement also typically includes provisions related to intellectual property rights, confidentiality, termination, and dispute resolution. These clauses ensure the protection of proprietary information, specify the circumstances under which the agreement may be terminated, and provide mechanisms for resolving conflicts, if any. By entering into such a revenue sharing agreement, Hennepin County aims to foster a collaborative relationship with software developers or vendors, encouraging innovation, efficient customizations, and revenue growth. Similarly, software developers or vendors benefit from an opportunity to leverage the county's resources and expertise to expand their market reach and enhance their software products.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.