Our partners make a one-time contribution to our “Masterclass Fund”, and those funds will be used to develop, produce and market masterclass courses and other educational content for our members.
We will set aside 25% of the net profits earned each month from our premium membership subscriptions for all of the content and services on our platform ("Royalty Pool”). As a partner, you will receive a pro rata share of the Royalty Pool each month for 3 years, from January 2024 until December 2026 (a total of 36 months). Distributions of the royalties will occur at the end of each month.
We will ensure full transparency with respect to the royalties being distributed to you each month by providing unencumbered access to our financial statements (including balance sheets, income statements, cash flow statements and other pertinent financial records) at the end of each quarter.
We welcome any and all recommendations, input and insights from our partners as we tackle the challenging process of creating meaningful masterclass courses for our members.
All of our partners will have an open invitation to become instructors and build their own masterclass course (e.g., California attorney Marc Gartlett is currently creating a Masterclass course focused on Estate Planning Law). As an instructor, you retain all intellectual property rights to the course and become eligible to receive additional royalties each month that are keyed to the number of minutes the course is watched on our platform.
As a fun bonus, we decided to take a page from the Hollywood playbook and offer our partners an “Executive Producer” credit for all content created as a result of our Partnership Program and Masterclass Fund.
As attorneys, we fully appreciate the need to clearly delineate our monetary commitments so as to obviate any misunderstandings with our partners. Accordingly, we will send you contracts that document our partnership before our launch on November 13, 2023. If you are unhappy with the terms of the contracts for any reason or have simply changed your mind about being a partner, we will refund your contribution in full. No questions asked, no games.