QUESTION
How can I convert my corporate shares and ownership to a net royalty payment on revenues the corporation receives?
Asked on Oct 27th, 2012 on Business Law - Nevada
More details to this question:
I wish to resign my percentage of ownership and shares in a corporation and instead receive a royalty percentage on net revenue received from sales. Can I be a royalty owner without being part of the company? What document would I require to secure this changeover? Thank you.
1 ANSWER
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People have licensing arrangements with corporations all the time without being stockholders -- the two are completely unrelated. You will need to have an attorney prepare a contract under the terms of which the corporation repurchases your shares in return for royalties. Contact our office, please, if we can assist you in doing so.
Answered on Oct 28th, 2012 at 8:50 AM