21. An Endorsement Agreement is a contract that lets a company use someone's name, likeness, and reputation to promote a service or product.This Celebrity Endorsement Agreement clearly defines the terms of the endorsement, including how the endorser will use or advertise the endorsed product or service. This provision shall continue to be effective after the termination of this Agreement. to endorse the Product and actively promote and market the Product through various forms of media (including television, offline and online publications and through the Celebrity's own social media channels) to the extent reasonably agreed between the parties; and Whether you represent a celebrity or a company hir-ing one, here are the most important points to cover in a typical celebrity endorsement agreement. English to French translations [PRO] Law/Patents - Law: Contract (s) / Droit des contrats. These Endorsement Agreements are actual legal documents drafted by top law firms for their clients. It is agreed that the terms of an Endorsement shall supersede any conflicting provisions in this Policy Document, Rider or Schedule. Arbitration proceedings hereunder may be initiated by either BERKSHIRE or Auriemma making a written request to the American Arbitration Association, together with any appropriate filing fee, at the office of the American Arbitration Association in the county in which proceedings are to be held pursuant to the terms of the following sentence. If either Party (the Bankrupt Party), (i)commences or becomes the subject of any case or proceeding under the. Security Exchange Commission - Edgar Database, EX-10.16 2 a12-14588_3ex10d16.htm EX-10.16, ViewedOctober 18, 2021, https://www.sec.gov/Archives/edgar/data/1108134/000110465912056446/a12-14588_3ex10d16.htm. In the case of reorganization, merger, consolidation, or sale of all or substantially all of its assets, any attempt to assign this Agreement other than as permitted above will be null and void. Delivery The shares of Stock underlying your vested Restricted Stock Units will be issued as soon as practicable (and not more than sixty (60) days) following the earlier of (i) the date that your Restricted Stock Units vest pursuant to the vesting schedule set forth on the cover sheet, or (ii) the date of the termination of the Endorsement Agreement resulting in acceleration of vesting of all or a portion of your Restricted Stock Units. WITNESSETH ---------- WHEREAS, ADAMS GOLF desires to obtain the right to use the Both parties will need to provide 30 days written notice prior to termination. He was born in Fairhope, Alabama and after earning his undergraduate degree at Auburn University, he received a law degree from Thomas Goode Jones School of Law in 2010. In exchange for use of the endorser's likeness to promote their product or service, the brand pays a fee to the endorser. You will often need to cover issues An Endorsement Agreement is a contract between your business and a public figure such as a celebrity, influencer or athlete who will endorse your brand.. Below, we'll explain the key things that are included in an Endorsement Agreement, and why it's a good idea to have one in place to protect you. In connection with this Agreement, the Endorser agrees to perform the following services: a. Endorser authorizes and grants to Brand the exclusive right, license, and interest to use this Endorsement in respect of the marketing, promotion, advertising, and sale of their product/service. Brand Sponsorship & Endorsement Agreements For Artists [PART 2] July 2, 2018. John Daniel "J.D." The performance of such Partys obligations will be suspended during the period that the Force Majeur Event persists and such Party will be granted an extension of time for performance equal to the period of the delay. C. WHEREAS, the Brand is desirous to obtain the right to use the name, likeness, and endorsement of the Endorser in connection with the advertisement and promotion of the product of the Brand, namely the following: NOW THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Endorser and the Brand agree as follows: 1. bankruptcy or insolvency laws; (ii)has appointed for it or for any substantial part of its property a court-appointed receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official; (iii)makes an assignment or the benefit of its credits; (iv)fails generally to pay its debts as they become due; or (v)takes corporate action in furtherance of any of the foregoing (collectively, herein referred to as Events of Insolvency), then, in each case, the Bankrupt Party shall immediately give notice of such event to the other Party. ENDORSEMENT AGREEMENT --------------------- This Agreement is entered into on January 13, 2005 between professional golfer, TOM WATSON, (hereinafter referred to as "CONSULTANT") and ADAMS GOLF, LTD. (hereinafter referred to as "ADAMS GOLF"). At the end, you will immediately receive the document in Word and PDF formats. Engages in illegal, immoral, or criminal conduct resulting in a felony conviction; Misrepresents or conceals anything in his or her background that could be detrimental to the value of the endorsement being made prior or during contract terms. A sponsorship agreement or endorsement agreement is a contract that allows a company to use a person's name, likeness and reputation to promote a service or product. To provide the Executive with the rights to name a beneficiary or beneficiaries for a portion of the death benefits under the Policies as provided for in Section 3.a. c) EFFECT OF TERMINATION. We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use. Mr. Brennan firmly believes that every business deserves a lawyer that is both responsive and dependable, and he strives to provide that type of service to every client. His practice focuses on representing people facing criminal charges and clients dealing with family law matters. Substitution Agreement means the substitution agreement, substantially in the form set forth in the Schedules as entered into/ proposed to be entered into between the Authority, Developer, and the Lenders in relation to the substitution of the Developer with the Nominated Company in accordance with the Agreement; Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business and Disclosure are defined as Operative Agreements and govern the terms on which the Company deals with the Client. d. Endorser hereby agrees that they shall not serve as an endorser of any other company, individual, manufacturer, or retailer that sells the same or overwhelming similar product/service as Brand. All Service Agreements are subject to both federal and state laws that cover general contract principles governing how contracts are created and interpreted by courts. Clearly spell out when exactly the endorsement is to be due or handed in. Check out how easy it is to complete and eSign documents online using fillable templates and a powerful editor. Berkshire and Auriemma wish to enter into an agreement to cooperate and coordinate the marketing of Auriemmas endorsement with Berkshires banking services. During the Contract Period: a) Subject to the terms of Paragraph 6 below, Auriemma will make the appearances and provide to Berkshire during the Services Period the services, initiatives and programs described in Schedule A attached hereto (the Endorsement Services); and. Nothing contained in this Agreement shall be construed to place the parties in the relationship of legal representatives, partners or joint ventures. An act or omission shall be deemed within the reasonable control of a party if committed, omitted, or caused by such Party, or its employees, officers, agents, or affiliates. The company pays the celebrity compensation or a fee in exchange for the celebrity's fame and goodwill. A celebrity endorsement agreement is a contract between a well-known celebrity and a company or organisation that wants to advertise their company or products using the celebrity's name. Targeted sponsorships typically last for several years. 9. 2. A. Last Update: May 30, 2022. This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut. endorsement agreement . confidential portions of this . The grayed-out words become clear when the document is downloaded. On July 27, 2020, the Board of Directors of the Company approved a Services and Endorsement Agreement (the Services Agreement) with Tony Hawk, Inc. Auriemma will be available for two (2)appearances annually during the Services Period within the Contract Territory, the date and location to be mutually agreed upon, each not more than one (1)hour in duration, where Auriemma will meet, greet and pose for photos. By Sheppard Mullin on April 23, 2009. In consideration for the licenses granted hereunder, Endorsed Constructor agrees to pay to Endorser the royalty recited in Schedule A (the Royalty . filed with the commission . Purpose of a celebrity endorsement agreement. 17. Bexar Texas Endorsement Agreement between Athlete and Athletic Equipment Manufacturer. When an advertiser enters into an overall endorsement agreement with a member of SAG or AFTRA, the advertiser needs to budget an amount sufficient to pay pension and health contributions to the trustees of the applicable guild's Pension and Health Plan, not just the amount it is going to pay the celebrity directly. The Athlete Endorsement Game. Celeb Endorsement Agreement, Celebrity Endorsement Agreement, Endorsement Contract, Expert Endorsement Agreement, Influencer Endorsement Agreement, Details about when and how the Agreement will be. Lien Waiver Agreement means an agreement which is executed in favor of Agent by a Person who owns or occupies premises at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may ever have with respect to any of the Collateral and shall authorize Agent from time to time to enter upon the premises to inspect or remove the Collateral from such premises or to use such premises to store or dispose of such Inventory. (a) In consideration of the rights and benefits granted to Berkshire hereunder, Berkshire shall pay to Auriemma the sum of Four Hundred Eighty Thousand and 00/100 Dollars ($480,000.00), as set forth in Paragraph 4 (b)-(c)below. I believe legal counsel should act as a seatbelt and an airbag, not a brake pedal! Read more at Skandslegal.com The scope of their endorsement can vary from wearing particular merchandise to making social media posts to attending promotional events. Generally, the endorser will be supplied, for free, the products that they promote. An endorsement can be a legal term that refers to the signing of a document that allows . (b) Berkshire will make four (4)equal cash payments to Auriemma in the amount of Ninety Thousand and 00/100 Dollars ($90,000.00) on June1, 2012, June1, 2013, June1, 2014, and June1, 2015. 2. Thomass clients range from startups to large enterprises. Two parties are usually agreeing on an endorsement agreement. This website also has a general purpose service agreement that can be used for someone providing different kinds of services. Reaffirmation Agreement means an agreement reaffirming the security interests granted to the Collateral Trustee in substantially the form attached as Exhibit 1 to Exhibit A of this Agreement. The Endorsement Agreement's Purpose: The primary goal of an Endorsement Agreement is to promote a product or service by enlisting the help of well-known people in the industry or in other. thereof. Most often, the endorser is a celebrity, expert, or otherwise well-known in a particular field relevant to the product or service they are endorsing. Hawke is an experienced attorney with a law practice in Mobile, Alabama. IN WITNESS WHEREOF, the Parties execute this Agreement intending to be legally bound. i) $ shall mean the lawful currency of the United States of America unless otherwise specified. Our celebrity endorsement agreement is produced in general terms without specific reference to a particular industry, although it can be easily adapted to suit any product, whether physical or electronic. The endorsement deal contracts that get drawn up can be incredibly complicated with a lot of fine print. Just contact us at 1300 997 337 or fill in the contact form on this page. Daniel is a legal intern at OpenLegal, placed in our legal content team. Have a commercial lawyer on call, for a small monthly fee. I work with early stage startups (in Georgia and internationally) with their formation, contract, patent and investment needs. The person endorsing the product cant expect it to be a private statement to be an endorsement. Berkshire and Auriemma shall each choose an arbitrator and the two (2)arbitrators so chosen shall choose the third. Importantly, an endorsement agreement will stipulate the number of appearances that the endorser must make in a specified time period. For instance, when an employer signs a payroll slip, it authorizes the transfer of money from the business account to the employees.Signing the check is considered an endorsement. Auriemma will sign 100 items per year during the Services Period for Berkshire provided all items are to be obtained at Berkshires cost, provided, however, that Berkshire shall not sell any items autographed by Auriemma and Auriemma will not be required to sign any item that is manufactured by a competitor of Nike and subject to Nikes right to disapprove any items. In addition, it is understood and agreed that with respect to the Website, as defined below, the Territory shall be worldwide. Berkshire shall indemnify and hold Auriemma harmless from and against any and all claims, actions, suits, proceedings, losses, damages and expenses (including, without limitation, reasonable attorneys, consultants and experts fees) (collectively, Claims) arising out of or relating to any inaccuracy or breach of Berkshires representations, warranties, covenants or any claim or other cause of action arising out of or in connection with this Agreement, including actions based upon gross negligence of Berkshire under this Agreement, provided that Berkshire shall be given prompt notice of any such action or claim.
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