SayPro standardized contract

Below is a SayPro Collection Partnership Agreement Template, which serves to formalize royalty-sharing agreements and outline the terms of each partnership within the collection industry. This template is designed to ensure that both parties (SayPro Ads and the collection industry partner) clearly understand their rights, obligations, and expectations.

SayPro Collection Partnership Agreement

This Collection Partnership Agreement (“Agreement”) is entered into by and between:

SayPro Ads
[Company Address]
[City, State, Zip Code]
(“SayPro” or “Advertiser”)

AND

[Partner’s Company Name]
[Partner’s Address]
[City, State, Zip Code]
(“Partner”)

This Agreement shall be effective as of [Effective Date] and shall continue until terminated by either party in accordance with the provisions of this Agreement.

Recitals

WHEREAS, SayPro is engaged in the business of providing advertising services to clients in the collection industry;
WHEREAS, Partner is engaged in the business of [describe partner’s business type, e.g., debt collection, financial services, etc.] and seeks to advertise its services via SayPro’s platform;
NOW, THEREFORE, in consideration of the mutual covenants and promises set forth herein, the parties agree as follows:

1. Agreement Overview

1.1 Purpose: This Agreement sets forth the terms and conditions under which SayPro will provide advertising services to Partner and share royalties generated from the campaign(s) as defined below.

1.2 Scope of Work: SayPro will design, execute, and manage advertising campaigns for Partner within the collection industry, with a focus on driving leads, conversions, and revenue generation for Partner’s business.

2. Royalties and Payment Structure

2.1 Royalties: The parties agree to a royalty-sharing model where SayPro will receive a percentage of the revenue generated through the advertising campaigns managed by SayPro.

• SayPro’s Royalty Percentage: SayPro shall receive [X]% of the total revenue generated from the campaign(s).
• Partner’s Royalty Percentage: Partner shall receive [Y]% of the total revenue generated from the campaign(s).

2.2 Payment Terms: Royalties will be paid as follows:

• Payments will be made [monthly/quarterly], based on the revenue generated from the campaign.
• Payments will be due [15/30] days after the end of the reporting period.
• Payment will be made via [method of payment, e.g., bank transfer, PayPal, etc.] to the account specified by the recipient.

2.3 Revenue Calculation: The total revenue subject to royalty-sharing will be calculated based on the net income generated directly from the advertising campaigns (excluding refunds, chargebacks, taxes, and fees).

2.4 Transparency: SayPro will provide Partner with detailed monthly/quarterly reports that outline revenue, ad spend, and royalty calculations for review.

3. Roles and Responsibilities

3.1 SayPro’s Responsibilities:

• Design and implement advertising campaigns across relevant platforms to promote Partner’s services.
• Manage and optimize campaigns to maximize performance and revenue generation.
• Provide regular reports to Partner on campaign performance and royalty earnings.
• Adhere to industry standards and best practices in advertising and marketing.

3.2 Partner’s Responsibilities:

• Provide SayPro with accurate and complete information regarding their services, target audience, and advertising goals.
• Ensure timely payments of royalties as outlined in Section 2.
• Comply with all applicable laws and regulations related to the collection industry, including any advertising restrictions.
• Cooperate with SayPro’s requests for additional materials or clarifications as necessary.

4. Term and Termination

4.1 Term: This Agreement will commence on the Effective Date and will remain in effect for an initial period of [one year] unless terminated earlier in accordance with this Agreement.

4.2 Termination for Convenience: Either party may terminate this Agreement with [30] days’ written notice to the other party.

4.3 Termination for Cause: Either party may terminate this Agreement immediately if the other party:

• Breaches any material term of this Agreement and fails to cure the breach within [15] days after written notice of such breach.
• Becomes insolvent, files for bankruptcy, or is subject to liquidation proceedings.

4.4 Effect of Termination: Upon termination, SayPro shall cease all advertising efforts for Partner, and Partner shall remain responsible for any unpaid royalties due up until the termination date.

5. Confidentiality

5.1 Confidential Information: Both parties agree to keep all non-public, confidential information disclosed during the course of this Agreement in strict confidence. This includes financial data, marketing strategies, and customer information.

5.2 Exceptions: The confidentiality obligations shall not apply to information that:

• Was already in the public domain at the time of disclosure.
• Becomes publicly available through no fault of the receiving party.
• Is independently developed by the receiving party without reference to the disclosing party’s information.

6. Intellectual Property

6.1 Ownership of Campaign Materials: Any advertising materials, designs, or content created by SayPro for the campaigns will remain the property of SayPro unless otherwise agreed in writing.

6.2 License to Use Partner’s Branding: Partner grants SayPro a non-exclusive, royalty-free license to use Partner’s brand name, logo, trademarks, and other intellectual property for the purpose of creating and running advertising campaigns.

7. Indemnity and Liability

7.1 Indemnification: Both parties agree to indemnify and hold harmless the other party against any losses, damages, claims, or liabilities arising from:

• Any breach of this Agreement.
• Violation of any applicable law or regulation by the indemnifying party.

7.2 Limitation of Liability: Neither party shall be liable for any indirect, incidental, or consequential damages, including lost profits or data, arising out of this Agreement.

8. Governing Law and Dispute Resolution

8.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [State/Country].

8.2 Dispute Resolution: Any disputes arising out of this Agreement shall be resolved through [mediation/arbitration] in [Location], and both parties agree to cooperate in resolving the matter in good faith.

9. Miscellaneous

9.1 Amendments: This Agreement may only be amended in writing, signed by both parties.

9.2 Force Majeure: Neither party shall be liable for any failure or delay in performance under this Agreement due to events beyond their reasonable control, such as natural disasters, government actions, or other unforeseen events.

9.3 Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements or understandings, whether written or oral, relating to the subject matter hereof.

IN WITNESS WHEREOF, the parties hereto have executed this Collection Partnership Agreement as of the Effective Date.

SayPro Ads
By: ___________________________
Name: _________________________
Title: __________________________
Date: __________________________

[Partner’s Company Name]
By: ___________________________
Name: _________________________
Title: __________________________
Date: __________________________

This Collection Partnership Agreement Template can be adjusted based on specific needs or circumstances, but it provides a solid foundation for formalizing the relationship, defining royalties, and protecting both parties’ interests in the collection industry partnership.