Contractor Compensation Terms Overview

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Summary

The agreement outlines contractor compensation through cash and equity commissions. Key terms include a 10% commission on retainers and equity, and a 30% commission on subscription fees. Risks involve potential non-payment if the companys sales decline or insolvency occurs, and the possibility of stock value decreasing. Consult a local attorney to ensure the terms comply with Michigan contract laws and to understand the full implications.

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how can i help you give a better guess
Could you please clarify your role in this agreement, your financial expectations, and any specific concerns you have about the terms? This will help me provide more tailored legal information.
the contractor, *-10k a month, only being limited to subscription money
Based on what you've shared, you're a contractor in this agreement. Here are a few points to consider:
- Ensure you understand the terms for receiving your commissions.
- Analyze the risk associated with being paid primarily through subscriptions.
- Check Michigan contract laws to ensure all terms are legal and enforceable.

This is general advice. Consult with a local attorney to fully understand your situation.
what are the terms and risks
The terms in this agreement primarily concern the distribution of commissions in cash and equity. The risks could include potential non-payment if the company's sales decrease or if it becomes insolvent. There's also the risk of the company's stock value decreasing, affecting your equity compensation. It's important to consult with a local attorney for a more comprehensive understanding.