This Partnership Agreement (hereinafter referred to as the “Agreement”) is made on __________________20___ Between XXX (Hereinafter referred to as “Company A”) and XXX (hereinafter referred to as “Company B”). Together referred to as the “Partners”.
WHEREAS Tiffany Sage Wu is the founder of Company A which is an eCommerce store, XXX is the owner of Company B which are two physical stores, and XXX is the broker/mediator between the two companies; and
THEREFORE, the parties herein agree to be bound by the following terms and obligations; –
The purpose of this agreement as agreed between the parties is for Company A to put its products in store at Company B.
The partnership shall begin on the date signed by the parties below (hereinafter referred to as the “Effective Date”) and continue indefinitely unless otherwise terminated by the parties.
It is agreed that the products shall stay in the store until both parties agree to remove them.
- Prices.
The prices for the products to be sold from the store for Company B must match the prices that are shown on duckingnice.com.
Parties agree that Company B will make monthly payments to Company A from the proceeds of the products sold while in store.
The profits of the products sold will be split 50% between the Partners before the royalty is deducted.
Parties agree to pay the broker/mediator 5% royalties from each Company.
- Inventory.
The inventory shall be restocked every two weeks or upon the sellout of the products by Company A.
Parties agree that every delivery shall have every item listed.
Company B herein agrees to give inventory or sales reports periodically to Company A and/or upon request.
- Marketing.
Parties herein agree that they shall both market each other on their various marketing platforms.
- Governing Law.
The parties herein agree that the provisions of this Agreement shall be governed in accordance with and governed by the laws ___________________.
The parties agree and acknowledge that they will not disclose to any third parties without the prior written consent of the other party any information that is deemed confidential by either party.
- Termination.
Parties agree that the provisions and obligations under this agreement may be terminated at any time by agreement between Company A and Company B.
- Dispute Resolution.
If there is a dispute between the parties, the same shall be negotiated between them, and if it fails, the dispute shall be referred to mediation.
Each party shall bear its costs.
The waiver by either party of the breach of any covenant or provision in this Agreement shall not operate or be construed as a waiver of any subsequent breach by either party.
In the event a court of competent jurisdiction declares any term or provision of this Agreement to be invalid or unenforceable for any reason, this Agreement will remain in full force and effect and either:
- The invalid or unenforceable provision(s) will be modified to the minimum extent necessary to make such provision(s) valid and enforceable; or
- If such a modification is not possible, this Agreement will be interpreted as if such invalid or unenforceable provision(s) were not a part of this Agreement.
- Amendment of Agreement.
This agreement cannot be amended without the written consent of both partners.
IN WITNESS WHEREOF, the partners hereunto set their signatures and acknowledged this Agreement as the date first above written.
| Signed by Company A; –Signature: __________________________
Date: ______________________________ Email Address: _____________________ |
Signed by Company B; –Signature: __________________________
Date: _______________________________ Email Address: _____________________ |
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