Retired BankerYou will need to consult a good lawyer to discuss and incorporate all possible happening and risk mitigation clauses for the same...
Usually all sharing is done by way of a MOU to be exchanged by the offerer of the business with consultant etc ....A MOU is a better record of the terms of the sharing and a legal agreement usually scares the employers.
From India, Delhi
navodayagaurYou need to record the manner of sharing and the time details of the same in details. also record the reconciliation of account at the end of year
please feel free to contact in case of any clarifiaction
From India, Gurgaon
simisaloojaYou would have to get a stamp paper, and put down your terms and conditions as required, and in form of a MOU Cum Agreement between both the parties. Wherein you have to mention the deliverables from both ends and points agreed by both the parties. This document further needs to get Notarised and if possible get a Notary Registration number along with it... Do get back in case any further clarification is required.
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From India, Chennai