ENDORSEMENT AGREEMENT THIS ENDORSEMENT AGREEMENT ("Agreement") is effective as of this 1st day of December 2003, by and between GREG NORMAN, of 501 North A1A, Jupiter, FL 33477 ("Norman") AND RITZ INTERACTIVE, a Delaware Corporation with offices at 2010 Main Street, Suite 400, Irvine, California 92614 ("RII"). Watch as attorney Giselle Ayala tears down Shaq's agreement with Papa John's, in which the famous basketball player-turned-pizza-guru agrees that the company can use his image to create unique advertising content. It addresses the benefits and risks of using celebrity endorsements, preliminary considerations when entering into a celebrity endorsement agreement, key clauses in a typical celebrity endorsement agreement, and key issues to consider when drafting or reviewing those agreements. Unless such election is made in writing, all cash payments shall be made by check, drawn to the order of Auriemma or its designated entity or entities and delivered to the address first stated above. THIS ENDORSEMENT AGREEMENT (Agreement) by and between GENO AURIEMMA (Auriemma) and BERKSHIRE BANK, a Massachusetts savings bank with its principal place of business at 24 North Street, Pittsfield, MA 01210 (Berkshire)(Each or both of which shall hereinafter be referred to as the PARTY or PARTIES, respectively). Endorser represents that he or she is in good health and does not plan to retire during the Term of this Agreement Endorser agrees to conduct themselves in a professional and legal manner at all times during the term of this contract including but not limited to events, advertising opportunities, and person ventures. Two parties are usually agreeing on an endorsement agreement. Auriemma expressly agrees and undertakes that: a) The right to use the Auriemma Identification has not been previously granted nor will it be granted to anyone other than Berkshire for use during the Contract Period within the Contract Territory in connection with the advertisement, promotion and sale of products and services which are the same as or similar to any of the Financial Services; b) Auriemma will not enter into any arrangement or agreement, which enables any Berkshire Competitor to be endorsed by Auriemma (whether by using the Auriemma Identification, Auriemma providing services similar to the Endorsement Services, or otherwise) during the Contract Period within the Contract Territory. 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 Agreement supersedes any prior written or oral agreements between the Parties. 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. Subordination Agreements means, collectively, any subordination agreements entered into by any Person from time to time in favor of Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and Subordination Agreement shall mean any one of them. PAYMENTS. This Agreement authorizes the brand to make use of the endorser's name, likeness, and reputation to promote their service or product. Insurance Endorsement: Insurance endorsements are amendments to the original insurance policies. Whether or not such notice is given, the other Party shall have the right, to the fullest extent permitted under applicable law, following the occurrence of any Event of Insolvency and without prejudice to any other rights it may have, at any time thereafter to terminate this Agreement, effective immediately upon giving notice to the Bankrupt Party. 2022 OpenLegal Pty Ltd ACN: 632574979.Liability limited by a scheme approved under Professional Standards Legislation. The blurry words become clear when the document is downloaded. Necessary Endorsement means undated stock powers endorsed in blank or other proper instruments of assignment duly executed and such other instruments or documents as the Agent (as that term is defined below) may reasonably request. 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. Licensure by endorsement means the issuance of an Iowa license to practice as a barber to an applicant who is or has been licensed in another state. You will receive it in Word and PDF formats. If you are entering into an endorsement agreement, it is important to understand the rights and requirements of the endorser. Berkshire may utilize Auriemma and the Auriemma Identification throughout the Contract Period in all approved materials including billboards, subway/bus ads, direct mail, stand-ups, counter cards, posters,etc. Sample 1 Based on 1 documents After law school, he formed the Law Office of J.D. Upon termination of this Agreement, Endorser will return to Brand all records, notes, documentation, equipment, and other items that were used, created, or controlled by Brand during the term of this Agreement. The company pays the celebrity compensation or a fee in exchange for the celebrity's fame and goodwill. Get everything done in minutes. Where an endorser earns a percentage of income generated from the endorsed product (ie royalties), this needs to be documented. 3. IN WITNESS WHEREOF, the Parties execute this Agreement intending to be legally bound. Clients Rate Lawyers on our Platform 4.9/5 Stars. Such a figure may be a celebrity, athlete, social media influencer or business leader. Notwithstanding the foregoing, if the Agreement is terminated for any reason other than Berkshires material breach, then for thirty (30) days following such termination, Berkshire may continue to use any printed material already produced under this Agreement. 9. If either Party (the Bankrupt Party), (i)commences or becomes the subject of any case or proceeding under the. 18. Today, it could also be a person with a significant following on social media. 10. Wall Street Journal Critical of Renewed China-Vatican Agreement Immediately after learning of the renewed endorsement of the agreement between China and the Vatican . What needs to be in an IT service agreement? At the end, you will immediately receive the document in Word and PDF formats. For purposes of this Agreement, AFFILIATES means any other person or entity that directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with, Berkshire. A. Accordingly, there shall be no withholding for tax purposes from any payments due Auriemma hereunder and Auriemma shall be responsible for any and all income and other tax payments required by Auriemma. These agreements outline the rights of the endorser, how any revenue streams will operate, and issues of insurance both parties need to understand. Below is a list of common sections included in Endorsement Agreements. Nike also has endorsement agreements with Mia Hamm, Lindsay Davenport, Lisa Leslie and Marion Jones. What do Ex-Officio and Board Observers do. "Endorsement" is used to express a public agreement/acceptance, the formal and official support for a person or an idea. Consent Agreement shall have the meaning set forth in Section 14.2. Suite 2.01, 35 - 39 Liverpool StreetSydney 2000. These sections are linked to the below sample agreement for you to explore. Express your gratitude to the reader for considering the endorsement. 52 55582822 22 522 525 588 22525 582528 5 25522 252 5582 585885882 588255822 22 858, 82 5 25522 52255828 82 2588822 22 8588252285882 2252252 522 252888822, 2252, 25 822582822 22 2588 825222222 (828855822 8825252 8828252822 252 2588552 22 2522 5 22222552 2522222 8522 552), 252 22525 25522 252 225282522 252 825222222 82 252885822 8582222 222882 22 252 5225582822 25522. Receive flat-fee bids from lawyers in our marketplace to compare. Morals Clause Though the business must obtain permission to use the endorsers image, the endorser must agree to certain conditions. 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. This Agreement can also be created after the work has already begun for the purpose of clarifying and formalizing the relationship between the parties and describing the responsibilities of all involved parties. The excused Party shall use reasonable efforts under the circumstances to avoid or remove such causes of non-performance and shall proceed to perform with reasonable dispatch whenever such causes are removed or ceased. How endorsement deals work? Throughout the term of this Agreement, Endorser hereby agrees that they shall not grant the right to use Endorser's name, autograph, signature, likeness, nickname, or any other identifying image or information to any other company, individual, manufacturer, or retailer of the same or overwhelmingly similar Product/Service as Brand. 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"). 1) ENDORSEMENT AGREEMENT. We will be in touch shortly! On October 4, 2016, the Company entered into a Licensing and Endorsement Agreement with Swear Net Inc. ONeal also received a grant of 87,136 restricted stock units (RSUs) pursuant to his March 15, 2019 Endorsement Agreement as set forth in the Transactions with Related Persons section of this Proxy Statement. Is there a difference between libel and slander? 19. AURIEMMAS ENDORSEMENT SERVICES AND APPEARANCES, PROTECTION OF THE AURIEMMA IDENTIFICATION, Employment Contract Review: Costs, What To Expect. 25. Nothing contained in this Agreement shall be construed to place the parties in the relationship of legal representatives, partners or joint ventures. In consideration for the licenses granted hereunder, Endorsed Constructor agrees to pay to Endorser the royalty recited in Schedule A (the Royalty . This agreement outlines specific duties of each party and also provides for variables. If during the Contract Period Berkshire desires to make reference to University of Connecticut, UConn, or to use of the University of Connecticut logos or trademarks, or to refer to Auriemmas position as head womens basketball coach for the University of Connecticut, Auriemma agrees to use reasonable efforts to obtain the necessary consents from the State of Connecticut and the University of Connecticut in order to permit Berkshire to do so, it being understood by Berkshire that Auriemma makes no representation or warrantees that he will be able to obtain such consents and that the time required to obtain such consents is wholly outside of the control of Auriemma. But securing a high-profile endorsement often requires lengthy negotiation . The parties hereby irrevocably waive any and all objections that any party. Use the form on the left to fill in the template. e. Endorser hereby agrees they shall make required social media posts in promotion of the Brand's product/service as described below: f. Endorser hereby agrees they shall make required in person appearances in promotion of the Brand's product/service as described below: g. Endorser hereby agrees they shall appear in print, radio, or television commercials and advertisements in promotion of the Brand's product/service as described below: h. Endorser hereby agrees that should the Endorser be involved in any Brand sponsored television commercials, print media, or other photography sessions, Endorser shall wear any accessories or clothing items Brand deems necessary for the marketing, promotion, advertising, and sale of Brand's product/service. To promote the company's product or services, the endorser (celebrity) gets a compensation or fee. Most comprehensive library of legal defined terms on your mobile device, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-. Hiring a lawyer on ContractsCounsel is easy, transparent and affordable. WITNESSETH ---------- WHEREAS, ADAMS GOLF desires to obtain the right to use the b) CONTRACT TERRITORY shall be any State in which Berkshire currently, or at any time during the Contract Period, offers Banking Services. (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. 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. 4.6 - 12 votes, Start by clicking on "Fill out the template". Specifically, the business will cover the endorser for the duration of the agreement, in relation to activities concerning the endorsement. a) Auriemma represents and warrants to Berkshire that: (i) Auriemma has full authority to enter into and perform under this Agreement subject only to approval by the University of Connecticut department of athletics and consulting office; (ii) by entering into and performing under this Agreement, Auriemma is not, and shall not be in conflict with any prior obligations to third parties; (iii)that Auriemma will not assign or transfer any of the License Rights described in Paragraph 2. b) Berkshire represents and warrants to Auriemma that: (i) it has full authority to enter into and perform under this Agreement; (ii) by entering into and performing under this Agreement, it is not, and shall not be in conflict with any prior obligations to third parties. Berkshire and Auriemma shall each choose an arbitrator and the two (2)arbitrators so chosen shall choose the third. Clearly spell out when exactly the endorsement is to be due or handed in. Confidential Information may be contained in written material, verbal or electronic communications. If performance of this Agreement or any obligation under this Agreement is prevented, restricted, or interfered with by causes beyond either party's reasonable control ("Force Majeure"), and if the Party unable to carry out its obligations gives the other Party prompt written notice of such event, then the obligations of the Party invoking this provision shall be suspended to the extent necessary by such event. These Endorsement Agreements are actual legal documents drafted by top law firms for their clients. He is licensed to practice law in the State of Alabama and the United States District Court for the Southern District of Alabama. Upon the breach of either of the above conditions, the non-defaulting party may terminate this Agreement as follows: (A)as to a default under clause (i)above, if payment is not made within ten (10)days after the defaulting party shall have received written notice of such failure to make payment; or (B)as to a default under clause (ii)above, if such default is not cured within thirty (30) days after the defaulting party shall have received written notice specifying in reasonable detail the nature of such default and such action the defaulting party must take in order to cure each such item of default. The endorsement of the Special Council on the Malaysia Agreement 1963 (MKMA63) to restore 35 per cent parliamentary seats from East Malaysia ratio is a good move towards restoration of a balance in the legislature. Nothing contained in this Agreement shall be construed as establishing an employer/employee relationship between Auriemma and Berkshire. The Athlete Endorsement Game. Hawke is an experienced attorney with a law practice in Mobile, Alabama. In addition, if necessary Auriemma shall be provided with superior hotel suite accommodations and reimbursed for all reasonable dining expenses incurred while traveling to and attending any appearances or events. Legal practitioners who are directors and employees of OpenLegal Pty Ltd are members of the scheme. If you need any legal assistance regarding arts and entertainment, our commercial lawyers are here to help! Engagement. https://www.sec.gov/Archives/edgar/data/1108134/000110465912056446/a12-14588_3ex10d16.htm, Fort Lauderdale Endorsement Agreement Lawyers, Los Angeles Endorsement Agreement Lawyers, Oklahoma City Endorsement Agreement Lawyers, Philadelphia Endorsement Agreement Lawyers, Salt Lake City Endorsement Agreement Lawyers, San Antonio Endorsement Agreement Lawyers, San Francisco Endorsement Agreement Lawyers. Typically the endorser is well known (or at least well known within a given field). He has represented businesses in a wide array of fields IT consulting, software solutions, web design/ development, financial services, SaaS, data storage, and others. 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. Berkshire may terminate this Agreement immediately by giving Auriemma notice if (i)Auriemma dies or is prevented by injury or illness from satisfactorily performing the obligations required by this Agreement; (ii)Auriemma is convicted of a felony or criminal offense involving dishonesty or fraud; or (iii)Auriemma publicly disparages Berkshire and/ or its products. Subject to Auriemmas obligations as the head coach for the University of Connecticut womens basketball team the United States Womens Olympic basketball team, Auriemma shall make himself available for those appearances set forth on Schedule A. Celebrity endorsement agreements are legally binding contracts that give a company the rights to use a person's likeness, name, and reputation in order to promote their products or services. leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment; the First Variation Agreement means the agreement a copy of which is set forth in the Second Schedule; Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection; Reimbursement Agreement means, with respect to a Letter of Credit, such form of application therefor and form of reimbursement agreement therefor (whether in a single document or several documents) as the Issuing Bank may employ in the ordinary course of business for its own account, with such modifications thereto as may be agreed upon by an Issuing Bank and a Borrower, provided that such application and agreement and any modifications thereto are not inconsistent with the terms of this Agreement. TERM. In addition, it is understood and agreed that with respect to the Website, as defined below, the Territory shall be worldwide. 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. Get helpful updates on where life and legal meet. If any provision(s)of this Agreement shall be determined to be void, ambiguous, or unenforceable, the same shall be stricken from this Agreement and in no way shall affect other provisions of, or the validity or enforceability of this Agreement. How Endorsement Agreements Work? 5588 222882 85588 52885882 8825 8522888222 522588 252 252552 22 252 5225582. This Agreement shall be effective as of the date of execution by both parties and shall extend for the term set forth in Schedule A attached hereto (the "Term"). Endorsement agreements often cover things like exclusivity or whether another company can claim the endorsement, compensation of the endorser, and appearances and other expectations of the endorser. Oct. 27, 2022 2:09 PM PT. One grants the license of using their product for promotions while the other party is granted to use the product or service for the same purpose. For any payment that is not paid within 10 (ten) days of its due date, Brand shall pay a late fee of $________ (________). In this, it is usually acceptable for the endorser to request such products for their own, personal use. Any dispute or difference between the parties hereto arising out of or relating to this Agreement shall be settled by arbitration in accordance with the Commercial Rulesof the American Arbitration Association by a panel of three qualified arbitrators. Michael has extensive experience advising companies from start-ups to established publicly-traded companies . The relationship between users and ContractsCounsel are not protected as attorney-client privilege or as legal work product. Sign it in a few clicks EXCLUSIVITY. All relationships between business users and the independent lawyers featured on this website will be governed by the individual engagement letters provided by each lawyer. An endorsement agreement is a contract between a business and a public figure who is paid to endorse the businesss brand. The individual is usually someone well-known, at least in a particular field. The termination rights set forth herein shall not constitute the exclusive remedy of the non-defaulting party. Provide the return address that you would wish that the letter be mailed to. Endorser and Brand shall each defend, indemnify, and hold the other harmless (including all affiliates, officers, directors, employees, agents, successors, and assigns) from and against all losses, damages, liabilities, deficiencies, actions, judgments, interest, awards, penalties, fines, costs, or expenses of whatever kind (including reasonable attorneys' fees) arising out of or resulting from bodily injury, death of any person, damage, real or intangible, to personal property resulting from the other's acts or omissions or the breach of any representation, warranty, or obligation under this Agreement. Auriemma will participate in one (1)recording session annually during the Services Period of not more than two (2)hours, not including travel time, to record a radio advertising spot at a date and location to be mutually agreed upon; 3. INDEMNITY AND INSURANCE. This Agreement shall bind and inure to the benefit of Auriemma and his successors and permitted assigns. I am an experienced technology contracts counsel that has worked with companies that are one-person startups, publicly-traded international corporations, and every size in between. b. Successful athlete endorsements can enhance consumer recognition of a brand and increase the relative perceived value of the products being endorsed. [ Editors Note: This is the second installment in a two-part series by Justin M. Jacobson, Esq. Signature Endorsement: It uses a signature as an endorsement. Anna Kournikova may have the richest deal of all, a six-year contract with Adidas worth $50 . 5. 9. Disbursement Agreement means that certain Master Disbursement Agreement dated as of even date herewith, among the Issuers, Beneficiary, Deutsche Bank Trust Company Americas, as the administrative agent for the lenders under a credit agreement entered into in connection with the financing of the Project and as disbursement agent, and the other parties signatory thereto, as the same may hereafter be amended or modified in accordance with its terms and the terms of the Mortgage Notes Indenture. View our Privacy Policy. A private comment about a product they think is valuable is called a recommendation. Accordingly, in case of any question with respect to the. This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut. redacted copy . Post a projectin ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate endorsement agreements. Gordon Prescott, VP and General Counsel. Use them for competitive intelligence, drafting documents or to get information about transactions within a particular industry or sector. Endorsement contracts come with explicit morals clauses as a way to limit and handle negative activity that is seen as a negative reflection of the brand. Neither Party shall have any power to bind the other in any manner whatsoever, other than as otherwise stated in this Agreement. The term Force Majeure shall include, without limitation, acts of God, fire, explosion, vandalism, storm or other similar occurrence, orders or acts of military or civil authority, or by national emergencies, insurrections, riots, or wars, strikes, lock-outs, or work stoppages. You can modify it and reuse it.
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