# WantBorn — Creator × Builder Revenue-Share Term Sheet (Template) > **Template, not legal advice.** This is a plain-English, non-binding starting > point for a WantBorn partnership — written so a creator who is not a > lawyer can read it in one sitting and understand the whole deal. Both parties > should have it reviewed by their own counsel before signing anything binding. > All amounts, percentages, and durations below are **illustrative seed values** > to show the shape of a fair deal — every one is set per partnership. --- **Date:** ____________________ **Brief / Match reference:** ____________________ (WantBorn match ID) ## In plain English You (the **Creator**) have an audience. Someone you don't yet know (the **Builder**) is going to build you a real, monetizable app and keep it running. You share the money the app makes. WantBorn is **on your side** in that deal — we find and vet the builder, negotiate the split *for you*, put it in writing, and stay in the room afterwards. You keep your audience and your brand. The builder owns the code they wrote. Nobody pays anything up front. If the build stalls, we find you another builder. That is the whole thing. The clauses below just say it precisely. ## 1. Parties - **Creator:** ____________________ (name, legal entity if any, contact email) - Audience / channels: ____________________ - **Builder:** ____________________ (name, legal entity if any, contact email) - Relevant prior work: ____________________ - **WantBorn — the Creator's representative:** WantBorn acts as the Creator's representative/agent in structuring and stewarding this partnership. Our job is to protect the Creator's interests in a deal with a counterparty they did not previously know — negotiate the terms, watch the downside, chase the Builder if things go wrong, and keep the settlement record honest. We are not the Builder, not the Creator's lawyer, and not a guarantor of either party's performance; we are the party in the room whose only job is the Creator's side of the deal. ## 2. The App / Scope - **Working title:** ____________________ - **What it is (one paragraph):** ____________________ - **Target platforms:** ☐ iOS ☐ Android ☐ Web ☐ Other: __________ - **Core features (v1):** 1. ____________________ 2. ____________________ 3. ____________________ - **Explicitly out of scope (v1):** ____________________ ## 3. What "Launched" means The rev-share and the success fee both turn on the app being **launched**. To avoid arguments later, "launched" means **all** of the following are true: 1. The app is **publicly available** to the Creator's audience on the agreed platform(s) (live on the App Store / Play Store / web, not TestFlight or a private build). 2. The app can **take money** — the monetization path (subscription, IAP, etc.) works end-to-end and the revenue rail (see §4) is configured and reporting. 3. The Builder has handed over the items in §6 (working build + store listing + revenue-rail access). Until all three are true, the app is not "launched" and no success fee is due. ## 4. Revenue Share - **Net revenue definition:** gross revenue from the app **less** platform / app-store fees, payment-processor fees, and the WantBorn fee (see §9). - **Split of net revenue** *(seed example — your agent negotiates this for you)*: - Creator: ________ % *(e.g. 50%)* - Builder: ________ % *(e.g. 50%)* - (Must total 100% of net revenue available to the parties.) - **Duration of rev-share:** ________ *(seed: 12–24 months from launch, renewable while the partnership is active)* - **Reporting cadence:** ________ *(e.g. monthly statement from the revenue rail)* - **Revenue rail (rails-agnostic):** ☐ RevenueCat ☐ App Store / Play direct ☐ Stripe ☐ Paddle ☐ Other: __________ *Settlement happens on whichever rail the parties choose. WantBorn does not currently hold or disburse funds — this term sheet works the same over any rail.* ## 5. IP & Ownership - **App code & IP:** the Builder owns the application source code, design, and underlying IP **unless** the parties agree otherwise here: ____________________ - **Creator brand / name / likeness:** licensed to the app by the Creator for the term, **for use in and promotion of the app only**. The Creator retains **all** rights to their brand, name, likeness, and audience relationship — these are never assigned. - **On termination:** brand and likeness rights revert to the Creator immediately; the parties agree how any shared assets are handled here: ____________________ ## 6. Responsibilities - **Creator:** promote the app to their audience as agreed (________), provide brand assets, give product feedback, and act in good faith. - **Builder:** design, build, ship, and **maintain** the app (bug fixes, OS-update compatibility, reasonable support) for the term; hand over a working build, the store listing, and revenue-rail access on launch; keep reporting accurate. - **WantBorn (your representative):** structure and explain this deal, negotiate the split on the Creator's behalf, keep the milestone checkpoints and settlement record, and step in if the partnership goes sideways (see §7 and §8). ## 7. Launch & Milestones - Target launch date: ____________________ - Milestone checkpoints *(your representative checks in at each)*: 1. ____________________ 2. ____________________ 3. ____________________ ## 8. Graceful exit & replacement builder This is the clause that makes "we're on your side" real. - **If the Builder stalls or under-delivers** (misses agreed milestones without a good-faith fix, goes unresponsive, or materially breaches), the Creator may raise it with WantBorn, who will work to **re-broker the partnership with a replacement builder from the vetted bench** so the Creator is not left with a dead project. *(For founding creators this is a guarantee; otherwise it is our best effort — and it's why your representative stays in the room.)* - **Graceful exit:** either party may terminate on ________ days' written notice if the other materially breaches and fails to cure within that window. - **Effect of exit:** rev-share on revenue **already earned** before exit survives per §4; brand and likeness rights revert to the Creator per §5; the Creator keeps the right to have the project re-brokered. ## 9. WantBorn Fee - **Builder success fee (the representative's contingency fee):** a one-time fee payable **by the Builder** to WantBorn on a **launched** match (see §3): ____________________ *(seed: $500–$1,500 flat, or 8–15% of first-month net).* **Creators pay nothing — ever.** This is the standard agent's contingency: paid by the abundant side, earned only on a real, launched deal. - **Stewardship trail (optional, ongoing):** if WantBorn keeps actively stewarding the partnership (settlement record-keeping, dispute handling, sourcing the next deal), a small ongoing platform share may apply: ______ % *(seed: 5–10%)* — **disclosed and agreed in writing**, charged only while real stewardship continues, and **waived to 0% for founding creators' first deal.** It is **not active by default** in this template. ## 10. Confidentiality - Each party keeps the other's non-public information (brief details, audience data, code, financials) confidential and uses it only for this partnership. ## 11. Governing Law - This agreement is governed by the laws of ____________________ *(placeholder — set by the parties / their counsel)*, with disputes resolved in ____________________. ## 12. Nature of Relationship - The Creator and Builder are independent parties. Nothing here creates an employment, legal partnership, or joint venture between them beyond what is expressly stated. WantBorn acts as the Creator's representative in structuring and stewarding the deal as described above, and is not liable for the performance, conduct, or output of either party. --- **Creator signature:** ____________________ Date: __________ **Builder signature:** ____________________ Date: __________ **WantBorn (representative):** ____________________ Date: __________ --- *WantBorn · term-sheet template v0.2 · Plain-English starting point, not legal advice. All amounts/percentages/durations are illustrative seed values set per partnership. Have it reviewed by qualified counsel before signing.*