Endorsement Agreement

Endorsement Agreement ENDORSEMENT AGREEMENT An Endorsement Agreement is an agreement between a company and most often a celebrity, whereby the celebrity agrees to promote a product or service of the company pursuant to the terms and provisions of the Endorsement Agreement and for monetary consideration. 1 of 9 Endorsement Agreement ENDORSEMENT AGREEMENT THIS ENDORSEMENT AGREEMENT entered into this ____ day of ______, 20____. B E T W E E N: ________________, a professional ________________________ (hereinafter referred to as the “Consultant”) and ___________________, a Company incorporated, pursuant to the laws of the Province/State of ___________ (hereinafter referred to as the “Company”) WHEREAS the Company is desirous to obtain the right to use the name, likeness and endorsement of the Consultant in connection with the advertisement and promotion of the product of the Company namely __________________________; 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, the Consultant and the Company agrees as follows: ARTICLE 1 1.00 TERM OF CONTRACT 1.01 The term of this Agreement (the “Term) shall be for a period of _____ (___) years commencing on the ____ day of ___________, 20_____. ARTICLE 2 2.00 2.01 below: (a) DEFINITIONS As defined in this Agreement, the following terms shall be defined as set forth “Consultant’s Endorsement” means the right granted by the Consultant to the Company, for the use of the Consultant’s name, nickname, autograph, voice, signature, photograph, likeness and image in connection with the Company’s 2 of 9 3 marketing, promotion, advertising and sale of the Company’s _______________ (enter product or services to be endorsed). (b) (c) “Product” means the _______________________________ of the Company. “Contract Territory” means the entire world where the marketing, promotion, advertising and sale of the Company’s Product shall take place. ARTICLE 3 3.01 OBLIGATIONS OF THE CONSULTANT 3.01 The Consultant hereby authorizes and grants to the Company the exclusive right, license and interest to use the Consultant’s Endorsement in respect of the marketing, promotion, advertising and sale of the Product in the Contract Territory. 3.02 Throughout the Term of this Agreement, the Consultant hereby agrees that he/she shall not grant the right to use the Consultant’s name, nickname, autograph, voice, signature, photograph, likeness or image to any other company, manufacturer or retailer of the same Product or similar Product. 3.03 The Consultant hereby agrees that he/she shall not sponsor or endorse any other product made or sold by any other company, manufacturer or retailer which is the same Product or similar to the Product. 3.04 The Consultant hereby agrees that he/she shall not serve as an endorser of any other company, manufacturer or retailer which sells the same Product or similar to the Product. 3.05 The Company and the Consultant hereby agree that should the Consultant be involved in any sponsored photography sessions or television commercials, the Consultant shall we