CartShare – Sample Course Revenue Share Agreement

This Revenue Share Agreement (“Agreement”) is made as of [Date], by and between:

  • CartShare LLC (“CartShare”), a Colorado limited liability company with its principal place of business at [address]; and

  • [Golf Course Name] (“Course Partner”), located at [address].

Collectively referred to as the “Parties” and individually as a “Party.”

1. Purpose

CartShare enables fractional ownership and shared-use golf cart fleets through syndication of capital from participating investors and course partners. This Agreement outlines the revenue sharing structure between CartShare and the Course Partner for carts deployed at the Course.

2. Cart Deployment

CartShare will supply [number] golf carts (“Fleet Units”) to the Course Partner under the following terms:

  • Ownership: Fleet Units remain owned by CartShare or its fractional investors.

  • Operation: Course Partner will manage daily rental operations.

  • Branding: CartShare and investor logos may be displayed on carts as agreed.

3. Term

The term of this Agreement shall be three (3) years, commencing on the Effective Date, and renewable upon mutual written consent.

4. Revenue Sharing

Revenue generated from daily cart rentals (“Gross Revenue”) shall be distributed as follows:

Revenue Source Allocation Description
Cart Rentals 60% Course Partner Retained by Course for operations
40% CartShare Paid to CartShare for investors and maintenance fund
Advertising Revenue (Cart Screens / Wraps) 50% CartShare To be distributed among fractional investors
50% Course Partner Paid quarterly
Fleet Sponsorship Revenue 70% CartShare Allocated to offset investor ROI
30% Course Partner Paid quarterly

Payments are due within 15 days of month-end with a monthly statement of rentals and revenue.

5. Maintenance & Insurance

  • Maintenance: Routine maintenance performed by Course Partner. Major repairs reimbursed by CartShare Fleet Fund.

  • Insurance: Course Partner shall maintain liability and property insurance covering carts in operation.

6. Data Sharing & Reporting

Course Partner agrees to provide:

  • Monthly cart rental logs and usage data.

  • Marketing analytics (ad impressions, sponsorship performance).

  • Annual fleet condition report.

7. Optional Upgrades

Course Partner may elect to install or participate in:

  • SmartCart Fleet Management Systems (GPS, tracking, digital ads).

  • Fleet Revenue Syndicate Program, allowing local sponsors or members to buy fractional shares in future fleets.

8. Termination

Either Party may terminate this Agreement with 60 days’ written notice for cause, including:

  • Breach of payment terms.

  • Misuse of fleet equipment.

  • Noncompliance with maintenance or insurance obligations.

Upon termination, carts shall be removed within 30 days, and all outstanding payments settled.

9. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado.

10. Entire Agreement

This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements relating to the subject matter.

11. Signatures

CartShare LLC
By: ___________________________
Name: _________________________
Title: _________________________
Date: _________________________

[Golf Course Name]
By: ___________________________
Name: _________________________
Title: _________________________
Date: _________________________