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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
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