Partner Terms

This Partnership Agreement ("Agreement") is entered into between:

1. John, a freelance web developer operating as LaraWeb (“Developer”); and
2. You, as the Partner, who will participate in this unique partnership program to develop and monetize a website.

The Developer and Partner shall together be referred to as the ‘Parties’.

1. The Developer specializes in website development and digital marketing strategies.
2. As a Partner, you will engage with the Company to develop a website, paying an initial deposit of 25% of the total quoted cost. The remaining balance will be paid from a percentage of the revenue generated by the website once it goes live.

1. Partnership Overview

1. The Partner agrees to pay an initial deposit of 25% of the total project cost before the commencement of any development work.
2. The remaining 75% of the project cost will be paid from the revenue generated by the website. The percentage of revenue to be shared will be agreed upon before the project begins.
3. The Developer will be responsible for the development, launch, and initial marketing of the website to ensure it generates revenue.
4. The Developer and Partner will have regular reviews to assess the website's performance and adjust the partnership terms if necessary.

2. Example Partnership Scenario

For a website project with a total cost of €10,000:

• The Partner pays an initial deposit of €2,500 (25% of €10,000).
• Once the website generates revenue, 30% (example percentage) of the net revenue will be paid to the Developer until the remaining €7,500 is covered.
• After the full amount is paid, the revenue sharing agreement may be renegotiated or concluded based on the agreement.

3. Revenue Sharing

1. The exact percentage of revenue shared with the Developer will be agreed upon in a separate schedule before the start of the project.
2. All revenue generated by the website will be tracked and reported transparently to ensure accurate payments.
3. Payments to the Developer will be made on a monthly basis from the website's net revenue.

4. Termination and Adjustment

1. This Agreement may be terminated by either party with a 30-day notice, provided that all outstanding payments are settled.
2. In the event of underperformance or any breach of terms, the Agreement can be adjusted or terminated based on mutual agreement.
3. In the event that the Client encounters financial or operational difficulties that impact the continuation of the project, the Client must inform the Company immediately. The following steps will be taken:
   • The Developer may suspend all ongoing work until the issues are resolved or the contract is renegotiated.
   • The Client will be liable for payment for all work completed up to the point of suspension or termination.
   • The Developer retains ownership of all work completed until full payment is received.
   • If the Client is unable to continue the project, a mutually agreed upon exit strategy, including potential buyout terms, will be established.

5. Confidentiality and Intellectual Property

1. All proprietary information shared during the partnership will remain confidential.
2. The Developer retains ownership of the website until the full payment is completed, after which the ownership will be transferred to the Partner.
3. If the partnership is terminated due to client difficulties, any completed work remains the property of the Developer until all due payments are made.