NIL AGREEMENT
This NIL Agreement is made on this _______ day of ________ 2022 by and BETWEEN
BASKETBALL SOCIETY (hereinafter referred to as the “Brand”) and
___________________ (hereinafter referred to as the “influencer”). Together referred to
as “parties.”
WHEREAS the Brand is a basketball media brand in the business of
__________________ and desirous of promoting its brand; and
WHEREAS the influencer is willing to provide the promotion services.
The parties herein agree to be legally bound by the following terms; –
1. Term.
This agreement shall be effective from ____________ (hereinafter the “Effective date”)
until _________________.
2. Services.
Parties herein agree that the influencer shall receive free merchandise every
__________ for promoting the brand by Tagging products in posts and stories and
making reels/videos.
The Influencer agrees to post 2-3 posts monthly for the Brand.
3. Compensation.
Parties agree that the influencer shall receive free merchandise every month and
____% of the income made in exchange for the services provided herein.
4. Confidentiality.
Parties herein agree that any information obtained from the performance of the services
in this agreement that relate to the business shall be deemed confidential. The same
will not be shared with any third parties without the other party’s prior written consent.
5. Marketing.
Both parties agree that the merchandise will be used to promote the Brand and not
negatively impact the business positively.
6. Termination.
Parties herein agree that the Brand has the right to terminate this agreement by issuing
a 30 days’ written notice to the influencer for failure to promote the brand on the
influencer’s social media platform.
7. Governing Law.
Parties agree that the terms and provisions herein shall be governed and construed in
accordance with the laws of ________________.
8. Dispute Resolution.
The parties herein agree that if a dispute arises from the terms and conditions herein,
the dispute shall be referred to mediation.
9. Severability.
Suppose any provision in this agreement is deemed invalid or unenforceable by a court
of competent jurisdiction. In that case, the same shall be severed from the agreement,
and the remaining provisions shall continue in existence and apply in full force and
effect as if the unenforceable provisions were not part of the agreement.
10. Assignment.
The duties and responsibilities herein shall not be assigned to any third parties without
the prior written consent of the other party.
11. Waiver.
The failure of either party to enforce an inevitable breach in this agreement shall not be
deemed as a waiver of the enforcement of any present or future violations.
12. Entire Agreement.
This agreement and the terms herein contain the complete understanding between the
parties and supersede any prior written or oral agreements, promises, or undertakings.
WHEREAS the parties have signed this agreement on the date signed herein below; –
By BASKETBALL SOCIETY: –
Designation:
_________________________
Signature:
___________________________
Date:
_______________________________
Email Address:
_______________________
By INFLUENCER: –
Name: _________________________
Signature:
___________________________
Date:
_______________________________
Email Address:
______________________
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