Right now I am in the process of negotiating to buy an app (with all it's copyrights and resell rights) from a software developer.
For the selling price we have agreed on 18 months of prospective sales based on past sales plus a certain amount for the labor the developer has put into the app.
Since this is the first time that I do this, I was wondering, if there are members on this forum, that have experience or knowlege in this field.
The first thing I would need is a good contract, that protects both the seller and me.
Then we would have to find the best way for the payment and the transfer of all the material to me.
The whole process seems to be rather complicated, but I hope that at the end it will work out fine for the seller of the app and for me
Any help, hints and tips are greatly appreciated!
For the selling price we have agreed on 18 months of prospective sales based on past sales plus a certain amount for the labor the developer has put into the app.
Since this is the first time that I do this, I was wondering, if there are members on this forum, that have experience or knowlege in this field.
The first thing I would need is a good contract, that protects both the seller and me.
Then we would have to find the best way for the payment and the transfer of all the material to me.
The whole process seems to be rather complicated, but I hope that at the end it will work out fine for the seller of the app and for me
Any help, hints and tips are greatly appreciated!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
