Marketing Affiliate Exclusivity Agreement

This Marketing Affiliate Exclusivity Agreement ("Agreement") is entered into on this [00]th day of Month Year ("Effective Date"), by and between [Your Company Name], a speaker manufacturing company ("Company"), and Lucy Marvins, residing at [Your Company Address] ("Affiliate").

1. Exclusivity Grant

1.1 Exclusive Territory: The Company hereby grants Affiliate the exclusive rights to market and promote the Company's products within the state of Missouri ("Territory").

1.2 Non-Compete: During the term of this Agreement, the Company agrees not to engage in marketing activities with any other affiliate within the Territory.

2. Term

2.1 Commencement: This Agreement shall commence on the Effective Date and continue for [0] year ("Term").

2.2 Renewal: Both parties may mutually agree to renew this Agreement upon expiration, subject to negotiation of revised terms.

3. Performance Metrics

3.1 Sales Target: Affiliate agrees to achieve a minimum of [00]% of the total sales within the Territory during the Term.

3.2 Marketing Activities: Affiliate shall diligently carry out marketing activities to promote the Company's products in the Territory.

4. Compensation

4.1 Commission Rate: In consideration for the exclusive marketing rights granted herein, the Company agrees to pay the Affiliate a commission of [00]% on all net sales generated by the Affiliate within the Territory.

4.2 Payment Terms: Payments shall be made every month and shall be calculated based on the net sales figures provided by the Company.

5. Reporting

5.1 Sales Reports: The company shall provide Affiliates with monthly reports detailing sales within the Territory.

5.2 Audit Rights: The affiliate has the right to audit the Company's records related to sales to verify the accuracy of commission payments.

6. Termination

6.1 Breach: Either party may terminate this Agreement in the event of a material breach by the other party, with a written notice of [00] days.

6.2 Insolvency: Either party may terminate this Agreement immediately in the event of the insolvency or bankruptcy of the other party.

7. Governing Law

This Agreement shall be governed by and construed per the laws of the state of Missouri.

8. Miscellaneous

8.1 Entire Agreement: This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements or understandings, whether oral or written.

8.2 Amendment: Any amendment to this Agreement must be in writing and signed by both parties.

IN WITNESS WHEREOF, the parties hereto have executed this Marketing Affiliate Exclusivity Agreement as of the Effective Date first above written.

[Your Company Name] (Company)

Date: [Current Date]

By: [Your Name]

Title: [Your Title]

(Name) (Affiliate)
Date: