Exhibit 10.14
[iParty Corp. Letterhead]
[Date]
Dear [Celebrity]:
This letter sets forth the terms of an agreement between
iParty Corp (Att: Xxxxx Xxxxxxxxx, 00 Xxxx 00xx Xx. 00xx xxxxx, X.X., X.X.
10003, phone number 000-000-0000 and fax number 000-000-0000), and [Celebrity].
xXXXXX AGREES:
iParty will record and prepare a StarGreeting featuring
[Celebrity]. A StarGreeting is a customized video message for milestone
events created with iParty patented technologies that is sold exclusively on
the iParty web-site.
1. iParty will pay [Celebrity] a commission equal to 25% of
the sales price of every [Celebrity] StarGreeting sold. The estimated sales
price of each StarGreeting is $39.99. iParty will send a quarterly payment
and report to [Celebrity] with StarGreetings sales data. [Celebrity] will
have the right to audit the records of iParty as it relates to the sale of
her StarGreeting, in order to confirm the accuracy of any commissions paid
to [Celebrity].
2. iParty will pay to a charity of [Celebrity's] choice, an
additional commission equal to 5% of the sales price of every [Celebrity]
StarGreeting sold. The estimated price of each StarGreeting is $39.99.
iParty will send a quarterly payment to the charity and a report to
[Celebrity].
3. iParty will pay a [$______] fee to [Celebrity] for the
StarGreetings filming, payable to __________, acting as [Celebrity's] agent,
on or prior to the day of filming.
4. _______ iParty will provide first class travel to New York
City and accommodations for [Celebrity] for all StarGreetings meetings and
filmings described in this letter.
5. If [Celebrity] prefers not to travel to New York City for
any Star Greetings meeting or filming, iParty will send a film crew to
[Celebrity's] home, or any other location in the United States he chooses,
for the meeting or filming at a mutually agreeable date.
6. iParty will issue [Celebrity] an option to purchase a total
of _______ shares of stock at $_____ per share. Stock options vest in ___
days and are exercisable in approximately ___ months from the date of the
signing of this agreement.
[CELEBRITY] AGREES:
1. [Celebrity] will participate in one 3 1/2 hour filming of
StarGreetings. The filming will include the recording of several
StarGreetings, 100 names per greeting, and 100 numbers that will be used to
create [Celebrity's] Star Greetings database. iParty will also film a
30-second promotional spot for [Celebrity's] StarGreeting which may be used
in any electronic or video media.. iParty will own the StarGreetings
database. [Celebrity's] StarGreetings database will only be used for the
StarGreetings and it will not be used for any other purpose.
2. [Celebrity] will be available for a 1/2 hour pre-production
meeting by phone prior to the film date at an agreeable date, time and
location.
3. [Celebrity] will have the right to reasonably reject the
first version of the Star Greetings filming. If the first version of the
filming does not meet with [Celebrity's] approval, [Celebrity] agrees to
attend a second filming within 30 days of the first filming. If the second
filming is not reasonably acceptable to [Celebrity], this agreement will
terminate with no further obligations on either party's behalf. If this
should happen, [Celebrity] would keep the $_______ fee, but the stock
options would not vest. [Celebrity] will submit written notification of
rejection to iParty within 5 business days from receipt of video footage.
4. [Celebrity] will permit iParty to use his image and name
from [Celebrity's] StarGreeting in all iParty PR, marketing, promotion and
advertising materials in all media that are exclusively for the purposes of
selling StarGreetings by iParty. [Celebrity] and her agents retain the right
to approve or reject all such materials.
5. [Celebrity] will attend (1) StarGreetings press event for 1
hour at a mutually agreed time and location.
6. If a revision or update of the StarGreetings database is
needed, [Celebrity] will be available for additional Star Greetings filming
at a mutually agreed time, but no more than once per year for the remaining
term of the contract. All terms regarding initial filming mentioned in page
1, paragraph 5, shall apply.
7. [Celebrity] will keep secret and confidential (and require
[Celebrity's] agents to keep secret and confidential) all information
concerning StarGreetings' technology that she (or they) may obtain from
iParty.
8. The term of this agreement shall be one year from the date
hereof.
Please indicate your agreement with the terms of this letter
by signing your name below.
Very truly yours,
X.X. Xxxxxxxxx
President, StarGreetings
I have read this letter and I agree to be bound by its terms.
------------------ ---------------
Date
------------------- ----------------- ---------------
Xx. Xxxxx Xxxxxxxxx Title Date
