Marketing Social Media Partnership Agreement
Marketing Social Media Partnership Agreement
On this [Effective Date], a Social Media Partnership Agreement is established between [Your Company Name], a corporation operating under the jurisdiction of [Your Jurisdiction] and headquartered at [Your Company Address], hereinafter referred to as the "Company," and [Social Media Partner Name], an individual/entity with a registered office located at [Partner Address], hereinafter referred to as the "Partner." Together, the Company and the Partner shall be collectively referred to as the "Parties" throughout the duration of this Agreement.
RECITALS:
WHEREAS, the Company is engaged in the business of [Brief Description of the Company's Business];
WHEREAS, the Partner operates a popular social media platform, namely [Social Media Platform], with the handle [Handle] and has a substantial following on said platform;
WHEREAS, the Company desires to engage the Partner to promote its products/services on the Partner's social media platform;
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Parties agree as follows:
1. SCOPE OF AGREEMENT
1.1 Promotion Services
The Partner agrees to provide social media promotion services for the Company as described in Exhibit A attached hereto (the "Services").
1.2 Term
The term of this Agreement shall commence on the Effective Date and shall continue for a period of [Contract Duration] months, unless terminated earlier as provided herein.
2. COMPENSATION
2.1 Compensation
In consideration for the Services provided by the Partner, the Company shall pay the Partner as follows:
A. A one-time upfront payment of $[Upfront Payment Amount] upon execution of this Agreement.
B. Additional performance-based compensation as specified in Exhibit A based on predefined milestones and deliverables.
2.2 Payment Method
Payment shall be made by [Payment Method] to the Partner's designated bank account within [Payment Terms] days of the completion of each milestone, as detailed in Exhibit A.
3. CONTENT OWNERSHIP AND LICENSE
3.1 Content Ownership
All content created by the Partner in the course of providing the Services, including but not limited to text, images, videos, and graphics, shall be the property of the Company.
3.2 License
The Partner grants the Company an exclusive, worldwide, royalty-free license to use, reproduce, modify, distribute, and display the content created in connection with this Agreement for the purposes of promotion and marketing.
4. CONFIDENTIALITY
4.1 Confidentiality Obligation
The Partner agrees to keep confidential all non-public information, including trade secrets and proprietary information, received from the Company during the term of this Agreement.
4.2 Non-Disclosure
The Partner shall not disclose any confidential information to third parties or use it for any purpose other than the performance of the Services without the prior written consent of the Company.
5. TERMINATION
5.1 Termination for Convenience
Either Party may terminate this Agreement at any time, for any reason, with [Notice Period] days' written notice to the other Party.
5.2 Termination for Cause
Either Party may terminate this Agreement immediately upon written notice if the other Party breaches any material term or condition of this Agreement.
6. INDEMNIFICATION
The Partner agrees to indemnify and hold the Company harmless from any claims, damages, liabilities, and expenses (including attorney's fees) arising out of or in connection with any breach of this Agreement or the Services provided by the Partner.
7. MISCELLANEOUS
7.1 Entire Agreement
This Agreement contains the entire understanding between the Parties and supersedes all previous agreements and understandings between the Parties.
7.2 Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [Your Jurisdiction].
7.3 Amendments
This Agreement may only be amended in writing and signed by both Parties.
IN WITNESS WHEREOF, the Parties hereto have executed this Social Media Partnership Agreement as of the Effective Date.
[Your Company Name]
[Your Company Representative Name]
Chief Marketing Officer
[Effective Date]
[Social Media Partner Name]
[Partner's Representative Name]
[Partner's Representative Title]
[Effective Date]
EXHIBIT A: Description of Services and Compensation
The Services to be provided under this Social Media Partnership Agreement encompass a comprehensive promotional campaign designed to enhance the visibility and engagement of the Company's products and services. [Social Media Partner Name], the Partner, operating with a prominent presence on [Social Media Platform] under the handle [Handle], will actively promote and endorse the Company's offerings.
The compensation structure is outlined as follows:
|
Upfront Payment |
Performance-Based Compensation |
|
Upon the execution of this Agreement, the Company will provide an initial one-time payment of $[Upfront Payment Amount] to the Partner. |
Additional compensation will be based on predefined milestones and deliverables, which include but are not limited to:
|
The Parties will collaboratively monitor progress towards these milestones throughout the Agreement's duration. Payments for each milestone will be disbursed within [Payment Terms] days following the satisfactory completion of the specified milestone, as mutually agreed upon by both Parties. The compensation structure aims to incentivize the Partner's efforts and ensure a mutually beneficial partnership.
