Revenue Sharing Agreement zang games

This Revenue Sharing Agreement (“Agreement”) is entered into by and between Zang Games (“Company”) and any individual or entity engaging in any form of collaboration or participation (hereinafter referred to as “Contributor”) in projects, tasks, or activities undertaken by Zang Games.

1. Project Description

The Company is engaged in the development of a game project described as Aurorium (Xenia Visitant). The Contributor agrees to provide services and work hours for the development of the said project.

2. Compensation

2.1. The Contributor shall be compensated based on the number of hours worked on the project. Payment shall be calculated as follows:

The contributor shall submit a daily report of hours worked on the project using the software named Axile.
The Company reserves the right to verify the hours worked by the Contributor.
2.2. Compensation shall be paid only for hours reported on the same day the work was completed. Any hours not reported on the same day will not be eligible for compensation.

2.3. In the absence of the Axile software, the Contributor shall send their daily hours directly to the owner of Zang Games or the Chief Executive Officer of Zang Inc.

3. Payment Trigger

The Contributor shall be eligible for payment if and when the game project generates a total revenue exceeding $100,000 USD. This payment shall be made regardless of whether the Contributor has exceeded the hours worked equivalent to the payment amount.

4. Payment Allocation

4.1. Payment shall be made based on the revenue generated by the game project. The payment shall be allocated to all eligible Contributors.

4.2. If, due to the revenue structure or other circumstances, it is not possible to divide the payment among Contributors evenly, the payment will be accrued as a debt owed by the Company to the Contributors.

4.3. The Company shall make reasonable efforts to distribute payments to Contributors as soon as the revenue allows. The debt will be paid off as soon as sufficient revenue is generated by Zang Games.

5. Intellectual Property

The Contributor acknowledges that all work, intellectual property, and contributions made to the game project shall be the property of the Company, Zang Games.

6. Bankruptcy Clause

In the unfortunate event that Zang Games declares bankruptcy or becomes insolvent, Contributors agree that any outstanding payments under this Agreement shall not be payable. This clause is intended to protect the Contributors in case of financial hardship or insolvency on the part of the Company.

7. Term and Termination

This Agreement shall remain in effect for the duration of the Contributor’s involvement with the project and until any outstanding debts to Contributors are cleared.

8. Confidentiality

The Contributor agrees to maintain the confidentiality of all project-related information and shall not disclose any proprietary information to third parties.

9. Miscellaneous

This Agreement constitutes the entire understanding between the Parties concerning the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions.

10. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction in which the Company is primarily operating.

By working on the project, the Contributor agrees to the terms and conditions set forth in this Revenue Sharing Agreement.

Date: 02-02-2022

Note: This Agreement is for informational purposes only and does not constitute legal advice. As Zang Games is not a legally registered entity, the Agreement is designed to outline the terms of collaboration in the absence of a governing law or legal entity. Consultation with legal professionals is advisable for any legally binding agreements.