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Sponsorship Commission Agreement
"I need a Sponsorship Commission Agreement for our sports agency to represent a professional tennis player, with a 15% commission structure on all sponsorship deals secured, and the agreement should start from January 2025 with an initial term of two years."
1. Parties: Identification and details of the sponsor and sponsored party
2. Background: Context of the sponsorship arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Commission Structure: Details of commission rates, calculation methods, and payment terms
5. Payment Terms: Timing, method, and currency of commission payments
6. Obligations of Parties: Responsibilities and duties of each party
7. Term and Termination: Duration of agreement and termination conditions
1. Performance Metrics: Specific targets or KPIs, use when commission is performance-based
2. Exclusivity Provisions: Include when parties agree to exclusive arrangements
3. International Payment Terms: Include for cross-border arrangements
4. Intellectual Property Rights: Include when sponsorship involves brand usage or IP rights
1. Commission Rate Card: Detailed breakdown of commission rates and tiers
2. Performance Metrics Schedule: Detailed KPIs and measurement criteria
3. Payment Schedule: Timeline and details of commission payments
4. Reporting Template: Standard format for performance and commission reports
Authors
Sponsor
Commission
Sponsorship Fee
Commission Rate
Effective Date
Initial Term
Renewal Term
Territory
Sponsorship Opportunity
Sponsorship Rights
Intellectual Property Rights
Confidential Information
Business Day
Force Majeure Event
Performance Targets
Qualifying Revenue
Payment Period
Commission Statement
Reporting Period
Sponsored Party
Sponsorship Products
Marketing Materials
Exclusivity Period
Commission Payment Date
Termination Date
Applicable Laws
Related Entities
Sponsorship Benefits
Contract Year
Appointment
Commission Structure
Payment Terms
Performance Requirements
Representations and Warranties
Obligations of Parties
Territory and Scope
Exclusivity
Term and Duration
Termination
Confidentiality
Intellectual Property Rights
Non-Solicitation
Non-Competition
Record Keeping
Audit Rights
Force Majeure
Assignment
Indemnification
Limitation of Liability
Insurance
Notices
Governing Law
Dispute Resolution
Amendment and Variation
Entire Agreement
Severability
Waiver
Third Party Rights
Counterparts
Costs and Expenses
Relationship of Parties
Compliance with Laws
Data Protection
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