Alabama Co-Marketing Agreement

State:
Multi-State
Control #:
US-TC0509
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This is a co-marketing agreement between a manufacturer of computer software products and another company that also manufactures software products for the same type customers. They desire to help each other identify prospective customers for each party's software products and services and therefore enter into this agreement. The agreement identifies their roles and responsibilities, reservation of rights, promotional activities, media events, and other necessary ares of concern.

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FAQ

A court may not enforce an oral contract if one or both parties lack competency or legal capacity. Examples of situations where parties may be deemed incompetent or lacking legal capacity include: If one or both parties were under the influence of alcohol or other incapacitating substances.

In Alabama, a verbal agreement is binding; however, when disputes arise between people who are relying on a verbal agreement, the interpretation and/or existence of these agreements winds up in court. So, although verbal agreements are binding, they are sometimes dangerous and costly.

A joint marketing agreement is a contract between two or more parties in which at least one party agrees to collaborate on promoting the other's offerings. Joint marketing agreements are sometimes called co-marketing agreements or co-branding agreements.

Binding Agreements ? Written and Verbal The general rule is that an offer and acceptance need not be in writing to be binding unless a law specifically requires it. However, at times, an offer and acceptance must be in writing to be enforceable.

The requirement of mutual agreement (also called mutual consent, or mutual assent, or meeting of the minds) means that there must be agreement to the provisions of the contract by the parties involved. In other words, there must be a mutual willingness to enter into a contract.

Put simply: yes. From a legal standpoint, verbal contracts can often be as valid as written contracts. They may be extremely difficult to regulate but you should find comfort in knowing that there are applicable state and federal laws that can help enforce such contracts and protect your legal rights.

A marketing agreement is a document, signed by all parties involved, that lists the scope of work to be undertaken, and any duties and expectations that the business has of the marketing agency.

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Alabama Co-Marketing Agreement