A New Mexico Revenue Sharing Agreement is a legal contract that outlines the terms and conditions for sharing income generated from the licensing and custom modification of software in the state of New Mexico. This agreement helps to establish a fair and mutually beneficial relationship between the software owner/licensor and the licensee. The primary purpose of this agreement is to ensure that both parties involved receive a fair share of the revenue generated from the software's licensing and custom modification. The agreement specifies the percentage of income to be shared and the method of distribution. There are several types of New Mexico Revenue Sharing Agreements that may vary depending on the specific circumstances and parties involved: 1. Licensing Revenue Sharing Agreement: This type of agreement governs the sharing of income generated from the licensing of the software. It outlines the licensing fees, terms, and conditions, as well as the percentage of revenue that will be shared between the licensor and licensee. 2. Custom Modification Revenue Sharing Agreement: This agreement pertains to the sharing of income derived from custom modifications made to the software. It clearly defines the scope of the modifications, the charges for the customization services, and the percentage of revenue to be shared between the software owner and the entity responsible for the custom modifications. 3. Combined Licensing and Custom Modification Revenue Sharing Agreement: In some cases, software owners may choose to combine licensing and custom modification revenue sharing into a single agreement. This type of agreement covers both the licensing fees and income generated from any custom modifications made to the software, providing clarity on revenue distribution for both aspects. Keywords: New Mexico, revenue sharing agreement, income, licensing, custom modification, software, agreement types, licensing revenue sharing, custom modification revenue sharing, combined agreement.