The Mecklenburg North Carolina Revenue Sharing Agreement is a contractual agreement established between the licensor and licensee for the purpose of generating income through the licensing and custom modification of software. This agreement outlines the terms and conditions under which the licensor grants the licensee the right to use, distribute, and modify the licensed software in exchange for a percentage of the revenue generated. Under this agreement, Mecklenburg North Carolina provides a unique revenue sharing model that allows both parties to benefit from the licensing and custom modification of software. The licensor, typically a software development company or individual, grants the licensee the right to use their software on specified terms and conditions. As part of this agreement, the licensee agrees to pay the licensor a percentage of the revenue generated from the software's licensing and any associated custom modifications. The Mecklenburg North Carolina Revenue Sharing Agreement can further be classified into different types based on the specific terms and conditions outlined within the agreement. Some of these variations may include: 1. Fixed Percentage Agreement: This type of agreement stipulates a fixed percentage of revenue that the licensee must pay to the licensor, regardless of the actual revenue earned from licensing or custom modifications of the software. This fixed percentage may vary based on negotiations and the value of the software. 2. Graduated Percentage Agreement: In this case, the percentage of revenue to be shared may vary based on predefined revenue tiers or thresholds. The agreement may specify different percentage rates for different revenue ranges, providing incentives for higher revenue generation or increased custom modifications. 3. Time-based Agreement: This type of Mecklenburg North Carolina Revenue Sharing Agreement could establish a specific timeline during which the licensee is obligated to share a percentage of revenue with the licensor. This could be a monthly, quarterly, or annual arrangement, ensuring consistent revenue sharing and payment. 4. Customization-specific Agreement: Mecklenburg North Carolina Revenue Sharing Agreements may also differentiate between revenue generated from licensing the original software versus revenue generated from custom modifications. The agreement could define separate revenue sharing ratios or percentages for these distinct aspects, reflecting the additional value added through customization. In summary, the Mecklenburg North Carolina Revenue Sharing Agreement is a vital business arrangement that governs the licensing and custom modification of software. Offering various types tailored to specific circumstances, this agreement enables licensor- licensee collaborations, benefitting both parties by creating revenue streams based on their respective contributions.