This document serves as an Affiliation Agreement between a Company and an Affiliate. The Company agrees to provide certain services in exchange for the utilization of the Affiliate’s property for business purposes. The agreement outlines the following key points:
- The agreement will be enforced from the date of execution and will renew annually unless otherwise terminated.
- The agreement is not a franchise agreement.
- The Company is granted access to use the Affiliate’s property for business purposes.
- The Company retains rights to amend the agreement if required.
- The Affiliate shall protect proprietary information, including trade secrets and copyrights, and report any infringements to the Company.
- The Affiliate agrees not to alter or misuse any intellectual property of the Company.
- The Affiliate must adhere to the agreement’s terms and regulations.
- The Affiliate must keep a record of activities and provide reports upon request.
- The Affiliate will submit periodic reports on sales and activities.
- An annual plan of activities shall be submitted by the Company.
- The Company will not interfere with the Affiliate’s business activities, provided compliance with the agreement.
- Payment for services will be made according to the agreed terms, with monthly billing reports prepared.
- The relationship is not deemed as employment but a collaboration.
- Payments will be made in the agreed currency.
- The agreement will not cause any debt or obligation transfers between parties.
- Disputes related to the agreement will be governed under the jurisdiction of the company.
- Either party may opt-out of the agreement on specific terms.
- Any disputes must be resolved under jurisdiction laws.
The agreement was executed on the specified date, signed by authorized representatives of both parties.