[raviolo]

These “income share agreements” seem to be an emerging phenomenon. I wonder if anyone here could comment on any limitations to their use. When someone voluntarily signs an agreement giving me P percent of their income from working as E, for Y years in return for some consideration C: are there restrictions on (P, E, Y, C)? And what sort of laws/rules generally regulate these in the U.S.?

[algaeontoast]

They seem dubious at best, at times I’m surprised that people don’t just find ways to have a lawyer break the agreement after they’re hired. In certain cases it could be cheaper to do that than continue being robbed.

[coachdarek]

Maybe are loopholes if someone wants to go find lawyers and pay enough legal fees. Thankfully we haven't had to deal with this issue as our students have been pretty satisfied.

[coachdarek]

I wish I could comment more on the legality of the income share agreements, however, I end up leaving that discussion to a lawyer so I don't have much input here.