Mentor Partnership Agreements

[Phoebe Hodges-Carter]

Hello Everyone,

I have an opportunity to learn from a mentor and he's made the following offer to me. He suggested we form a partnership where 25% of profits are put into a general business fund and the other 75% is split evenly between the two of us.

We haven't outlined separation of duties yet and I'm curious what the duties should be aside from him teaching me what he knows. We both live in different states and therefore I will basically be tutored via Skype, phone calls an email.

What is usual and customary in these instances? What type of duties can I reasonable divvy out if we are in different locations?

Thanks for your feed back.

Phoebe