Common use of Affiliation Fee Clause in Contracts

Affiliation Fee. In exchange for the right to be known as an Chapter of TRL and to receive benefits of being part of the TRL Network with access to and use of the TRL Brand, Chapter shall pay to TRL an annual affiliation fee of based on the following fee structure. Year 1 Fee subsidized by TRL to allow Chapter to invest in start up Year 2 – 4 10% of Chapter revenue; minimum of $500 Years 5+ 20% of Chapter revenue; minimum of $1,000 TRL reserves the right to adjust the affiliation fee for subsequent years by providing written notice to Chapter at least thirty (30) days prior to the end of the then current year of the term. The annual fee shall be due on the anniversary date of this Agreement.