Q: What to do if someone wants to buy a food recipe off you for a business and you want a percentage of the company
A: You will need to enter into a trade secret agreement in which in exchange for letting them know the recipe, you would get some percentage. Best to work with an attorney in the drafting of the agreement.
A: you really need to meet with your own business attorney to discuss not only the sale of the recipe but also all the issues with being a less than 50% owner in someone else's business. you may prefer a royalty agreement (% of sales) to being a co-owner
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