Legal Question in Business Law in Illinois

What does "25% Net Revenue Received" actually mean?

I sell shirts at $20, it costs me $10. So should the 25% come from the $10 or the total cost of $20?


Asked on 6/03/11, 2:57 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can say this. "25% Net Revenue Received" makes no sense, standing alone. Did the parties mean "25% of Net Revenue Received?" How do they define the term "net revenue?" Consult with a good business or franchise attorney in your area for specific advice after a review of all pertinent documents.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 6/03/11, 3:11 pm


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