oboloo Glossary

Agreement To Split Proceeds Of Sale

oboloo Glossary

Agreement To Split Proceeds Of Sale

Agreement To Split Proceeds Of Sale (ATSPOS) is an agreement between two or more parties to jointly purchase an asset with the intention of selling it for a profit. The proceeds from that sale are then divided among the parties involved based on a predetermined agreement. It can be used to facilitate deals in which those taking part have limited resources, allowing them to pool their money and participate in high-value transactions. This type of agreement helps reduce risk and encourages collaboration in the pursuit of gain.