MARKETING AND SALES AGREEMENT - Sales Plan & Sales ...
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MARKETING and SALES CHANNEL AGREEMENT
This Agreement is entered into as of __________, 200X (the “Effective Date”) by and between XYZ, Inc., a Delaware corporation (“XYZ”), and Interactive Benefits, Inc. a Delaware corporation (“Interactive Benefits”).
RECITALS
A. XYZ owns and operates a World Wide Web site currently located at (the “XYZ Site”) that allows users to, among other things, to host and run electronic commerce transactions with trading partner companies.
B. Interactive Benefits owns and operates a World Wide Web site currently located at Interactive- (the “Interactive Benefits Site”) that provides Human Resource benefits delivery services (“HR benefits services”) on an outsourced basis for small and medium size businesses.
C. XYZ and Interactive Benefits desire to work cooperatively to market the Interactive Benefits Services to users of the XYZ Site through co-branded pages on the XYZ Site and hypertexed links (“Link(s)”).
AGREEMENT
1. Marketing Agreement
1.1 Development of Marketing Channel. XYZ shall agree to promote and market Interactive Benefit’s HR benefits services to its customers through its XYZ Site. These marketing efforts shall be composed of but not limited to the use of marketing information provided by Interactive Benefits. Marketing messages will be accompanied by one or more links that will deliver the XYZ customer to the Interactive Benefits site.
1.2 Sales Process. Interactive Benefits will provide one or more links to sites that will provide the XYZ customer with information about Interactive Benefits services. These sites will provide one of two options for the customer depending on the number of employees per customer or other elements of disposition: i) the customer will be linked to site that will allow them to enter information that will dynamically create a version of the Interactive Benefits service Complete HR or a similar service; or ii) the customer can enter information that will allow for an Interactive Benefits sales person to follow up directly within two (2) business days.
1.3 Deal Tracking and Documentation. Interactive Benefits will track the activity generated from the XYZ Site and provide a report every three (3) months to XYZ. This report will include the number of sales, the service sold and the commission amount to be paid to XYZ. In addition, Interactive Benefits will provide information on any additional sales to customers that have originated from XYZ with the last twelve (12) months and the related commission amounts to be paid to XYZ.
2. Commissions
2.0 Commission Structure. COMMISSIONS SHALL BE PAID ONLY ON THE SALE OF HR BENEFITS SERVICES, WHICH EXCLUDES ALL ANCILLARY PRODUCTS SUCH AS CONCIERGE SERVICES; INSURANCE PRODUCTS; OR ANY OTHER SERVICES AND PRODUCTS PROVIDED THROUGH INTERACTIVE BENEFITS SITE BY ANOTHER THIRD PARTY.
Interactive Benefits shall pay a fifteen percent (15%) commission on sales of Complete HR or other HR benefits services that do not require Interactive Benefits sales staff assistance. Interactive Benefits shall pay a twenty two percent (22%) on Interactive Benefit’s standard services and all other HR benefits services that originate via a link with XYZ. Should additional HR benefits services be sold to customers originating with XYZ within a twelve (12) month period following the initial sale, Interactive Benefits will pay XYZ a twenty two percent (22%) commission on those sales.
2.1 Terms of Commissions. Commissions are net thirty (30) and payable at the end of each quarter on a calendar year basis.
3. Term and Termination
3.1 Term. This Agreement shall take effect on the Effective Date and shall continue in full force for a period of twelve (12) months (“Initial Term”). At the end of the Initial Term and each subsequent renewal term this Agreement will automatically renew for succeeding 12-month periods unless either party notifies the other at least thirty (30) days prior to the end of the Initial Term or renewal term that it does not intend to renew.
3.2 Termination Upon Material Breach. Either party may terminate this Agreement on written notice if the other party materially breaches any term or condition of this Agreement and fails to cure such breach within thirty (30) days after the date of written notice to cure.
3.3 Termination for Convenience. Commencing ninety (90) days following the Effective Date, Interactive Benefits may terminate this Agreement at any time upon thirty (30) days written notice to XYZ.
3.4 Survival. Sections 3, 4, 5, 6 and 7 shall survive any termination or expiration of this Agreement.
4. Confidentiality. Each party agrees to keep the other party’s Confidential Information confidential and not to disclose or use such information for any purposes other than in accordance with this Agreement. “Confidential Information” means any information marked as confidential or which the recipient should have reason to know is treated as confidential by the disclosing party. Notwithstanding the foregoing, any party hereto may disclose to any other party any information
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