Marketing Affiliate Renewal Agreement
Marketing Affiliate Renewal Agreement
This Agreement is entered into as of [Insert Date], by and between [Your Company Name], a [State] corporation, with its principal place of business located at [Your Company Address] ("Company"), and [Affiliate's Name], a [State] corporation, with its principal place of business located at [Affiliate's Address] ("Affiliate").
I. Recitals
A. Background
The Company and Affiliate entered into an initial Marketing Affiliate Agreement on [Initial Agreement Date]. Both parties now wish to renew this Agreement under the terms and conditions herein.
B. Purpose
The purpose of this Renewal Agreement is to extend the term of the initial Agreement and to outline any modifications or updates to the original terms.
II. Definitions
A. Affiliate
The term "Affiliate" refers to [Affiliate's Name], its agents, and authorized representatives.
B. Company
The term "Company" refers to [Your Company Name], its agents, and authorized representatives.
C. Commission
The term "Commission" refers to the monetary compensation paid by the Company to the Affiliate for successful referrals.
III. Term and Renewal
A. Initial Term
This Renewal Agreement shall commence on [Start Date] and shall continue in full force until [End Date].
B. Renewal Term
This Agreement will automatically renew for successive one (1) year terms unless either party gives written notice of its intention not to renew at least thirty [00] days before the end of the then-current term.
IV. Obligations of the Parties
A. Affiliate's Obligations
The Affiliate shall promote the Company's products or services through various channels, adhering to the Company's brand guidelines.
B. Company's Obligations
The Company shall provide the Affiliate with all necessary promotional materials and will track all sales generated through the Affiliate's unique referral link.
V. Compensation
A. Commission Rates
The Company shall pay the Affiliate a commission of [00]% for each successful referral.
B. Payment Schedule
Commissions will be paid on a monthly basis, no later than the [00]th of each month for the previous month's earnings.
VI. Confidentiality
Both parties agree to maintain the confidentiality of all information obtained during the execution of this Agreement.
VII. Intellectual Property
All intellectual property rights in the promotional materials shall remain the property of the Company.
VIII. Termination
A. Grounds for Termination
Either party may terminate this Agreement with immediate effect if the other party breaches any of its obligations under this Agreement.
B. Consequences of Termination
Upon termination, the Affiliate must cease all promotion of the Company's products and return any confidential information.
IX. Liability and Indemnification
Each party agrees to indemnify and hold harmless the other party from any and all claims arising from the execution of this Agreement.
X. Miscellaneous
A. Governing Law
This Agreement shall be governed by the laws of [State].
B. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings.
Company: [Your Company Name]
By: ____________________________
Name: [Your Name]
Title: [Your Title]
Date: [Insert Date]
