Next Legend Clothing NIL Endorsement Agreement
This Endorsement Agreement ("Agreement") between Next Legend Clothing and ATHLETE will go into immediate effect upon application acceptance into Next Legend Clothing.
SERVICES. In connection with Next Legend Clothing, ATHLETE agrees to do the following:
ATHLETE hereby authorizes and grants to Next Legend Clothing the right, license and interest to use the Endorsement in respect of the marketing, promotion, advertising and sale of the products including their name, likeness and image under the guidance and allowances of the NCAA’s NIL policy.
SOCIAL MEDIA: The ATHLETE agrees to announce his/her partnership with Next Legend Clothing on your social media platforms, including a link to your collection page at nextlegendclothing.com
The ATHLETE acknowledges that Next Legend Clothing is providing shirt designs, branding, website, order fulfillment and billing, and expects athletes to provide value to the partnership by proactively promoting their branded merchandise.
ATHLETE agrees to contact Next Legend Clothing with any changes regarding school, jersey number or athletic status. Changes can be submitted to firstname.lastname@example.org
WHEREAS, Next Legend Clothing is desirous to obtain the right to use the name, likeness, and endorsement of ATHLETE, in concordance with NCAA Name, Image and Likeness (NIL) policy, in connection with the advertisement and promotion of the product of Next Legend Clothing.
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, ATHLETE and Next Legend Clothing, agree as follows:
APPOINTMENT. Next Legend Clothing seeks ATHLETE’s assistance in offering/selling
products. Next Legend Clothing hereby appoints ATHLETE as representative on a non-exclusive, non-employee basis to endorse the products to Target Audience. To protect all parties from legal, eligibility-related or fiduciary concerns, no University or NCAA Trademarks shall be used in any Next Legend Clothing-ATHLETE collaboration.
Next Legend Clothing agrees to pay ATHLETE 50 percent of net profit (net profit=profit from your sales minus cost of production of items) and on all sales of products containing their Name, Image or Likeness.
The ATHLETE shall be solely responsible for any and all taxes, Social Security
contributions or payments, disability insurance, unemployment taxes, and other payroll. The ATHLETE will classify taxes as self-employment tax, as suggested with NCAA Name, Image and Likeness (NIL) policy.
ATHLETE shall have final decision-making authority relating to any custom designs, if created, prior to their release for public sale.
ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties, and there are no other promises or conditions in any other agreement whether oral or written concerning the subject matter of this Agreement. This Agreement supersedes any prior written or oral agreements between the parties.