PARTNERSHIP AGREEMENT
This Partnership Agreement effective as of ___________(“Effective Date”) is entered by and between Yoga
Simplified Method and The Collective Studios (“Client”). Individually referred to as “Party” and collectively
referred to as “Parties”.
WHEREAS Yoga Simplified Method has created a manual for Collective Studios,
WHEREAS Yoga Simplified Method would like to license out the manual to the studio
WHEREAS the client is interested in receiving and using the manual
WHEREAS the client will compensate Yoga Simplified Method
NOW THEREFORE the parties intend to be legally bound as follows; –
1. MANUAL
Subject to the terms and conditions of this Agreement, Collective Studios shall utilize a manual created to their
specifications under the name Yoga Simplified Method through Yoga Alliance.
Yoga Simplified Method shall retain the rights to manage all curricula until the buyout.
2. RESTRICTIONS
Except as set forth expressly herein or as permitted by Yoga Simplified with prior written consent, the Client shall
not, and shall not permit to (a) sublicense, sell, or distribute the manual or (b) modify the manual. However, the Client
is allowed to use the manual in their studios with their Clients during YTT.
3. TERM
The term of the Agreement will commence on ______________ and continue effectively for (3) years.
However, this Agreement may be terminated by Yoga Simplified Method if Collective Studios fails to make financial
payments, uses the manual other than agreed in this Agreement, and sells or otherwise makes copies of the manual not
agreed upon by Yoga Simplified Method.
4. TRAINING
Parties agree that Collective Studios will independently hire a Yoga Simplified Method for ________ training.
The Collective Studios agrees to lead a minimum of two training sessions a year with the Yoga Simplified Method
brand and logo.
The Collective Studios must consult with Yoga Simplified Method for training and teaching until the full buyout. This
includes:
i. Teaching schedule
ii. Asana & Sequencing
5. FEES
The Collective Studios is required to pay all fees such as; –
i. Yoga Alliance Registration fees
ii. Any and all costs business related to registration through Yoga Alliance.
6. RESPONSIBILITY
Yoga Simplified Method agrees to underwrite, revise and support The Collective Studios through Yoga Alliance 200-
hour submission. This includes:
i. Set up an account through Yoga Alliance
ii. Collect all required information and itemize categories
iii. Communicate with Yoga Alliance
iv. Submit all information, edit, modify, and revise all necessary items, including
Letter of Intent
Sample certificate
Curricula
Assignment/Assessment layout
Sample Calendar
7. CONFIDENTIALITY
Yoga Simplified Method may disclose to Collective Studios certain confidential information regarding its technology
and business (“Confidential Information”). Collective Studios agrees to keep confidential and not disclose or use any
Confidential Information except to support its use of the manual. Confidential information shall not include
information that Collective Studios can show; –
i. was already lawfully known to or independently developed by Collective Studios without access to or use
of Confidential Information,
ii. was received by Collective Studios from any third party without restrictions,
iii. is publicly and generally available, free of confidentiality restrictions; or
iv. is required to be disclosed by law, provided that Collective Studios provides Yoga Simplified Method with
prompt notice of such requirement and cooperate in order to minimize such requirement.
8. LIMITATION OF LIABILITY
To the maximum extent permitted by applicable law, in no event shall Yoga Simplified Method be liable to Collective
Studios or any third party for any damages, including but not limited to incidental, consequential, indirect, direct, and
special or punitive damages arising out of the use of the manual for yoga teacher training.
9. DISPUTE RESOLUTION
Any disputes arising between the Parties regarding the subject matter of this Agreement will be solved through
arbitration per the American Arbitration Rules.
10. GOVERNING LAW
This Agreement will be construed and governed according to the laws of the State of Michigan.
11. ENTIRE AGREEMENT
This Agreement represents the entire agreement between the parties regarding the subject matter hereof and supersedes
any and all other agreements between the Parties, whether written or oral, regarding the subject matter hereof.
12. MODIFICATION
Except as expressly set forth herein, this Agreement may not be modified or amended except in a writing and
executed by both parties.
13. WAIVER
All waivers must be in writing.
14. SEVERABILITY
If any part of this Agreement shall be invalid or unenforceable, such part shall be interpreted to give maximum force
possible to such terms as possible under applicable law, and such invalidity or unenforceability shall not affect the
validity or enforceability of any other part or provision of this Agreement which shall remain in full force and effect.
IN WITNESS WHEREOF, the parties execute this Agreement as follows; –
Signed by YOGA SIMPLIFIED METHOD; –
Representative: _______________________________
Signature: ___________________________________
Date: _______________________________________
Signed by COLLECTIVE STUDIOS; –
Representative: _______________________________
Signature: ___________________________________
Date: _______________________________________
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