SayPro Collection Partnership Agreement Template

SayPro Collection Partnership Agreement Template

This Collection Partnership Agreement (“Agreement”) is made and entered into on this ____ day of ________, 20, by and between:

• SayPro Ads, Inc. (“SayPro”), located at [SayPro Address], and
• [Partner Name] (“Partner”), located at [Partner Address].

Both SayPro and Partner may collectively be referred to as “Parties” or individually as a “Party”.

RECITALS

WHEREAS, SayPro provides digital advertising solutions aimed at increasing visibility, engagement, and conversion rates for businesses in the collections and financial services industries; and

WHEREAS, the Partner is a collection agency, financial institution, or related entity seeking to enhance its marketing efforts by leveraging SayPro’s platform and services; and

WHEREAS, both Parties wish to enter into a partnership agreement for the purpose of utilizing SayPro Ads’ platform to improve the Partner’s visibility, increase revenue, and drive strategic growth.

NOW, THEREFORE, in consideration of the mutual promises, covenants, and agreements contained herein, the Parties agree as follows:

1. DEFINITIONS

For the purposes of this Agreement:

• “Campaign” refers to any advertising efforts, including but not limited to display ads, paid search ads, social media ads, and other marketing initiatives run through SayPro Ads’ platform.
• “Revenue” refers to the total amount of income generated from customers or clients acquired as a result of the Partner’s participation in the advertising campaigns.
• “Royalties” refer to the revenue share payable to the Partner from the earnings generated by the Campaigns, as specified below.

2. PARTNERSHIP SCOPE

SayPro agrees to provide digital advertising services, including but not limited to:

• Developing and executing targeted advertising campaigns.
• Utilizing SayPro’s platform to reach potential clients within the collections industry.
• Providing performance tracking, analytics, and regular reports to monitor the progress of the campaigns.

Partner agrees to:

• Provide SayPro with accurate information regarding its services, target audience, and campaign goals.
• Ensure that their advertising materials, including logos, website links, and other content, are available for SayPro to use in the creation of ad content.
• Promote the advertising campaigns through relevant channels as needed, ensuring that the campaigns are in line with the Partner’s internal policies and legal requirements.

3. ROYALTY-SHARING STRUCTURE

The Parties agree to a royalty-sharing structure as follows:

1. Revenue Sharing:
   • The Partner will receive [X]% of the revenue generated from the Campaigns. The percentage is calculated based on net earnings, after deducting costs associated with ad placement and platform fees.
   • Revenue from each Campaign will be tracked using SayPro Ads’ platform analytics.
2. Payment Schedule:
   • Payments to the Partner will be made on a monthly/quarterly basis, with payments distributed no later than [X] days after the close of each billing period.
   • Payments will be made via [Payment Method] (e.g., wire transfer, check, PayPal).
   • A detailed payment report will be provided to the Partner, including information on total revenue generated, shareable revenue, and any deductions.
3. Minimum Guaranteed Royalties:
   • For the first [X] months/quarters, SayPro guarantees a minimum royalty payment of $[Amount] per month/quarter to the Partner, regardless of performance. This is to ensure that the Partner’s commitment to the partnership is rewarded even during the initial campaign phase.

4. TERM AND TERMINATION

1. Term: This Agreement shall commence on the effective date and continue for a period of [X] months/years, unless terminated earlier in accordance with the provisions of this Agreement.
2. Termination by Either Party:
   • Either Party may terminate this Agreement by providing written notice to the other Party at least [X] days prior to the desired termination date.
   • If either Party breaches any material term of this Agreement, the non-breaching Party may terminate this Agreement immediately, upon providing written notice of the breach and allowing a reasonable period for cure.
3. Termination for Non-Performance: If the Partner fails to meet performance targets or does not provide required content or information for the campaigns, SayPro has the right to suspend or terminate the partnership.

5. CONFIDENTIALITY AND INTELLECTUAL PROPERTY

1. Confidentiality:
   • Both Parties agree to keep all proprietary information and data exchanged during the partnership confidential and not disclose it to third parties, except as required by law.
   • Confidential information includes customer data, marketing strategies, campaign results, and all terms outlined in this Agreement.
2. Intellectual Property:
   • Any intellectual property, including but not limited to logos, trademarks, content, or advertising materials created as part of the Campaigns, remains the property of SayPro unless otherwise agreed upon in writing.
   • The Partner grants SayPro a non-exclusive, royalty-free license to use its logos, trademarks, and other branding elements for the purpose of creating advertisements and marketing materials during the term of this Agreement.

6. LIABILITY AND INDEMNIFICATION

1. Limitation of Liability:
   • SayPro shall not be held liable for any indirect, consequential, or punitive damages resulting from the advertising campaigns, including any issues arising from the Partner’s content or customer interactions.
   • The Partner agrees to hold SayPro harmless and indemnify SayPro from any claims, damages, or liabilities that arise due to third-party legal actions resulting from the Partner’s actions.
2. Indemnification: The Partner agrees to indemnify and hold SayPro harmless from any claims, actions, damages, or losses arising out of the Partner’s failure to comply with applicable laws and regulations or breach of the terms outlined in this Agreement.

7. DISPUTE RESOLUTION

1. Negotiation: In the event of any dispute or disagreement, the Parties agree to attempt to resolve the matter through informal discussions.
2. Arbitration: If a resolution is not reached within [X] days, the dispute will be settled through binding arbitration in accordance with the rules of the [Arbitration Body]. The location of arbitration will be [Location].

8. GENERAL PROVISIONS

1. Entire Agreement: This Agreement represents the entire understanding between the Parties with respect to the subject matter and supersedes all prior negotiations or agreements, whether written or oral.
2. Amendment: Any amendments to this Agreement must be made in writing and signed by both Parties.
3. Force Majeure: Neither Party shall be liable for any failure to perform under this Agreement if such failure is caused by events beyond its reasonable control (e.g., natural disasters, power outages, legal restrictions).
4. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction], without regard to its conflict of laws principles.

IN WITNESS WHEREOF, the Parties have executed this Collection Partnership Agreement as of the date first above written.

SayPro Ads, Inc.
By: ___________________________
Name: _________________________
Title: _________________________
Date: __________________________

Partner
By: ___________________________
Name: _________________________
Title: _________________________
Date: __________________________

This template is designed to define the partnership terms and clearly establish how both parties will collaborate in terms of advertising, revenue-sharing, and long-term cooperation in the collection industry. Adjustments can be made depending on the specific needs or agreements between the parties involved.