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Advertising Representation Agreement

 

This Client Services Agreement ("Agreement") is made as of the 17th day of August, 2009 (" Effective Date ") between InvestingChannel, Inc. (“InvestingChannel” or “Representative”), a Delaware corporation, and the Client named below (“Client”).  Capitalized terms not otherwise defined on this Agreement shall have the same meaning ascribed to such terms in the Terms and Conditions attached hereto and incorporated herein.

 

WHEREAS, Client owns and operates its content and inventory located on www.mediasentiment.com (the “Website”);

 

WHEREAS, Client desires to engage Representative for the solicitation and sale of advertising space and the representation of some of Client’s Inventory (as defined below).

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, THE PARTIES AGREE TO THE TERMS SET FORTH BELOW AND THE TERMS AND CONDITIONS ATTACHED HERETO:

 

REPRESENTATION FORM

 

Client Name:

Media Sentiment, Inc.

 

 

Representative:

Marian Munz

Telephone:

(415) 205-1695

Address:

825 Van Ness Ave, 4th Fl.

Fax:

(415) 358 9853

 

San Francisco, CA 94102

Email Address:

munz@mediasentiment.com

InvestingChannel, Inc.

Representative:

Nikesh Desai

Telephone:

646-467-7825

Address:

52 E. 13th St., Suite 5D

Fax:

646-290-8452

 

New York, New York 10003

 

Email Address:

nikesh@investingchannel.com

Live Date:

 

TBD

Term:

 

12 months

Payment Amount:

Representative shall remit to Client fifty percent (50%) of Revenue (as defined below). For the first two weeks upon ad tag implementation, Representative may run some free ad campaigns to measure site performance.

 

Development Fee:

 

$0.00 – WAIVED

Client Website(s):

 

www.mediasentiment.com

Payment Terms:

InvestingChannel shall make payments to Client on or before the 45 days following the last day of the calendar month in which InvestingChannel collects and receives payment from the applicable advertiser and when payment totals at least $200.00 (the “Minimum Payment”).

 

Inventory:

All ad impressions that Client owns and serves through its Website(s), e-newsletters, registration and email database.

 

 

IN WITNESS WHEREOF, InvestingChannel and Client have each caused this Agreement to be executed by their duly authorized representatives, effective as of the day and year first written above.

 

INVESTINGCHANNEL, INC.:

 

InvestingChannel, Inc.

 

/s/ Nikesh Desai

Signature

 

President

Title

 

Nikesh Desai

Name

CLIENT:

 

Media Sentiment, Inc.

 

/s/ Marian Munz

Signature

 

President & CEO

Title

 

Marian Munz

Name

 

 

 


 

 

TERMS AND CONDITIONS

 

I.     SERVICES

 

1.1.

The Client hereby retains and appoints the Representative during the term of this Agreement as the exclusive seller of Client’s advertising space within the Inventory on the terms set forth in the Representation Form.  For the purpose of this Agreement, the term “Inventory” shall have the meaning set forth in the Representation Form.

 

1.2.

The Representative accepts the appointment and agrees to use its efforts in the solicitation and sale of advertising space within the Inventory and in the advancement and promotion of said Inventory, adhering at all times to the established policies of the Inventory.

 

1.3.

It is understood and agreed that all Advertising sold by Representative will be solely approved, trafficked, served and optimized by Representative with Representative’s chosen ad serving technology.  For the purpose of this Agreement, the terms “ Advertising ” or “ Advertisement ” shall mean advertising sold by Representative, in any media or form, for an advertisers’ brands, products or services, for placement on Client’s products and services, in any media or form, including without limitation, web sites and email lists.

 

II.

FEES AND PAYMENT

 

2.1.

Fees

During the term of this Agreement, Representative shall remit to Client an amount of the Revenue as set forth in the Representation Form. For the purpose of this Agreement, " Revenue " shall mean and include all amounts billed and received, net of refunds, by Representative for Advertising generated and sold by Representative on Client’s Inventory. Representative shall be entitled to commissions on all Advertising during the term of this Agreement, and, upon termination of this Agreement, on all Advertising contracts agreed to in writing during the term hereof.

 

2.2.

Traffic Calculation

 

Representative shall have the sole responsibility for calculation and reporting of all statistics, including impressions, leads, sales clicks, earnings reports and referral earnings.  Representative will post reports of all traffic resulting from the Client’s advertising HTML codes (“ Ad Codes ”) on Representative’s website for the Client to access.

 

2.3.

Payments

Representative will make payments to Client within the period set forth in the Representation Form. Representative shall not be liable for monies billed but not cleared and collected from advertisers. Representative will pay the Client only for months in which earned revenue exceeds Minimum Payment for the month. Revenue which is not paid to the Client in any month will be credited to the account of the Client and paid later, when accrued revenue exceeds Minimum Payment.

 

2.4.

Expenses

The Representative shall bear all its expenses and obligations incurred in connection with its solicitation and sale of advertising space on the Inventory, including travel and entertainment expenses. In the event Client requests the Representative to travel, attend trade shows/conventions or sales meetings or perform other services not in the normal course of its duties, Client will promptly reimburse Representative for all reasonable expenses incurred.

 

2.5.

Additional Expenses

Client shall be responsible for paying any applicable charges under this Agreement, including any applicable taxes or charges imposed by any government entity, including, but not limited to personal income tax, social security and/or welfare obligations, sales tax, Value Added Tax (VAT), and use tax if applicable.  Client also agrees that Representative is not obligated to determine whether sales or use taxes apply on any Advertising sales and is not responsible to collect, report, or remit any sales or use taxes arising from any such transaction.

 

 

2


 

 

III.      SERVICE  REQUIREMENTS

 

3.1.

General Requirements

To enable Representative to maximize the Advertising revenue for the Inventory, Client hereby agrees to, at minimum, the following:  (i) enable Client websites’ pages to display all forms of “rich media” Advertising, subject to both parties’ approval; (ii) allow Representative to link to the Client and its content from all websites and blogs owned and/or managed and/or represented in any way by Representative; and (iii) provide all or some portion of the following items for Advertising:  banners in the form of 728x90 pixels, 300x250 pixels, 160x600 pixels and other such units requested by advertisers.

 

3.2.

HTML Tagging

 

Client agrees to code the pages of Client’s websites with the HTML tags and do so in a mutually agreed upon manner, provided by Representative within five (5) business days of Client’s receipt of such HTML tags. The HTML tags enable Representative to serve Advertisements. During the term of this Agreement, Client agrees to maintain on Client’s websites all HTML tags necessary for Representative to serve Advertising.  If at any point duri


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