Sounds to me like this would really come down to a negotiation between you and the backer. I'd come up with some numbers (probably start with 65/35) and your rationale for those numbers and see if he'd agree. I'd also come up with some type of deal on the timing (say 4 sessions) and then reevaluate. The more specific you can be and have all deal points agreed upon in advance the better off you'll be.
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