Del. Code Ann. tit. 28, § 932
Contracts
67 Del. Laws, c. 372, § 1;
- (a) All contractual agreements between promoters and sponsors shall be written in clear text, plain language.
- (b) The contractual agreement shall contain, in an appropriate location, the promoter’s current Delaware occupational license number.
- (c) Distribution of the profits of the venture shall be stated specifically as a percentage for the sponsor and the promoter or as a specific dollar share for the sponsor.
- (d) Any fees or commissions agreed to for the promoter shall be considered as a part of the promoter’s share of the profits and not an operating expense of preparing for and conducting the event.