Marketing Endorsement Agreement
This Marketing Endorsement Agreement ("Agreement") is made and entered into as of [Month day, Year], by and between:
[Your Company Name], a corporation organized and existing under the laws of [Your State], with its principal place of business located at [Your Company Address] ("Company").
And
[Endorser’s Name], an individual with a residence address at New York, ("Endorser").
WHEREAS, Company desires to engage Endorser's services to endorse and promote its products or services.
NOW, THEREFORE, in consideration of the mutual covenants contained herein, Company and Endorser hereby agree as follows:
1. Endorsement
1.1 Scope of Endorsement: Endorser agrees to endorse and promote Company's products or services, as specified in Exhibit A, attached hereto.
1.2 Endorsement Period: The endorsement period shall commence on December 2, 2055, and terminate on [Month day, Year], unless extended by mutual agreement.
2. Compensation
2.1 Payment: In consideration for Endorser's services, Company agrees to pay Endorser the compensation as specified in Exhibit B, attached hereto.
2.2 Expenses: Company will reimburse reasonable, pre-approved, and documented expenses incurred by Endorser in connection with the endorsement.
3. Obligations of Endorser
3.1 Endorser's Obligations: Endorser agrees to fulfill all obligations as detailed in Exhibit A, which may include but are not limited to promotional appearances, social media posts, and testimonials.
3.2 Compliance with Laws: Endorser shall comply with all applicable laws, regulations, and industry standards in connection with the endorsement.
4. Confidentiality
Endorser agrees to maintain the confidentiality of any non-public information disclosed by Company during the endorsement period.
5. Termination
Either party may terminate this Agreement in writing if the other party breaches any material term or condition of this Agreement, subject to a cure period.
6. Miscellaneous
6.1 Entire Agreement: This Agreement contains the entire understanding between the parties and supersedes all prior agreements and understandings.
6.2 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [Your Jurisdiction].
IN WITNESS WHEREOF, the parties hereto have executed this Marketing Endorsement Agreement as of the date first above written.
Company: Endorser:
(signature) (signature)
[Your Name] [Endorser’s Name]
Company Representative
[Your Company Name]
Date: [Month, Day, Year]
Exhibit A: Scope of Endorsement
Endorsement Description: The Endorser agrees to endorse and promote Company's products or services through various means, including but not limited to:
1.1 Social media posts
1.2 Testimonials for Company's website
1.3 Participating in Company's promotional events
1.4 Other promotional activities mutually agreed upon
Content Creation: The Endorser may be required to create content such as blog posts, videos, or other marketing materials related to the endorsed products or services.
Appearance: Endorser may make appearances at Company events or participate in interviews, as mutually agreed, to promote Company's products or services.
Exhibit B: Compensation Terms
Payment: Company shall pay Endorser a total compensation of $10,000 for the endorsement services as detailed in this Agreement.
Payment Schedule: Compensation will be paid to Endorser in the following manner:
2.1 An initial payment of $2,500 will be made upon the execution of this Agreement.
2.2 Three additional payments of $2,500 each will be made on the 15th day of each month during the endorsement period.
Expenses: Company agrees to reimburse Endorser for reasonable, pre-approved, and documented expenses incurred in fulfilling endorsement obligations. Such expenses shall not exceed $1,000 without prior approval.
Taxes: Endorser is responsible for any taxes or fees imposed on the compensation received. Company will not withhold taxes.
Late Payment: If Company fails to make any payment as specified in this Agreement, Endorser may, at their discretion, provide a written notice allowing a grace period of 15 days for the payment to be made. If the payment remains overdue after this grace period, Endorser has the right to terminate the Agreement without penalty.
Currency: All payments made under this Agreement will be in USD.
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