Recitals:
WHEREAS, the Company is engaged in the retail sales of Zocular products;
WHEREAS, Affiliate has a substantial presence on the internet, including but not limited to, social media accounts, blog, and email list;
WHEREAS, Company desires to engage Affiliate to promote Company's products and services in exchange for a commission as outlined in this Agreement;
WHEREAS, Affiliate desires to promote Company's products and services in exchange for a commission as outlined in this Agreement;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:
Promotion of Company's Products and Services
Company hereby engages Affiliate to promote Company's products on Affiliate's website, social media accounts, email list, and other online platforms as mutually agreed upon by the parties.
Commission and Payment
For all sales of Company's products and services generated by Affiliate's promotional activities, Company shall pay Affiliate a commission of 15% of the net sale price of the product or service sold. The net sale price is defined as the total sale price minus any refunds, chargebacks, shipping cost, or discounts. Company shall pay Affiliate the commission within 30 days of the end of the calendar month in which the sale was made.
Tracking and Reporting
Company shall provide Affiliate with a unique affiliate link or code to track sales generated by Affiliate's promotional activities. Company shall provide Affiliate with access to a dashboard or other reporting mechanism to view sales generated by Affiliate's promotional activities.
Intellectual Property
Company retains all intellectual property rights in its products and services, including but not limited to, trademarks, logos, and copyrights. Affiliate shall not use Company's intellectual property without Company's prior written consent.
Term and Termination
This Agreement shall commence on the Effective Date and shall continue until terminated by either party upon thirty (30) days' written notice. Upon termination, Company shall pay Affiliate any outstanding commissions earned but not yet paid.
Governing Law and Dispute Resolution
This Agreement shall be governed by and construed in accordance with the laws of [State/Country]. Any disputes arising out of or related to this Agreement shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association. The arbitration shall take place in [City/State], and the parties shall share the costs of the arbitration equally.
Entire Agreement and Amendments
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties. This Agreement may not be amended except in writing signed by both parties.