~- AM'~SIN Phone: 000-000-0000
Inc. PRODUCT DEVELOPMENT & MARKETING Fax: 000-000-0000
MARKETING AGREEMENT
THIS AGREEMENT by and between Ramsin Inc. located at
000 X. Xxxxx Xx Xxxxxxxxx XX 00000, and Xxxxx Xxxx residing
at 000 Xxxxxxxx Xx., Xxxxxxxxx Xxx Xxxx 00000
WITNESSETH:
WHEREAS, Ramsin Inc. is the exclusive marketing and sales
company for the, HOOP-IT PROJECT : a copy of which is attached
as Exhibit A.
WHEREAS, Xxxxx Xxxx owns the HOOP-if project.
NOW, THEREFORE, Ramsin will carry out the initial
marketing strategy for the this project. The strategy is to approach
buyers, in the target markets, with samples of the product to
evaluate and purchase.
Ramsin will be financially responsible for the production,
inventory and sales of the product.
In return Xxxxx Xxxx will receive 15 cents of each product sold.
Xxxxx Xxxx must file a Patent and Trademark, which Ramsin must
approve, within three months of this agreement.
TERMS, Xxxxx Xxxx grants Ramsin the exclusive rights for
a period of three years and three months from signature dates
of this agreement:
A renewal options for three year increments: Sale royalties
or licence royalties must exceeds $20,000 for the previous three
years or Ramsin could pay you $20,000 to keep the exclusive rights.
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0000 Xxxx Xxxxx Xxxx Xxxxx 000 Xxxxxxxxx, Xxx Xxxx 00000
LICENSING AGREEMENT:
Xxxxx Xxxx will recieve 30% of Licence agreement
minus all accumulated cost for Ramsin to license product for the
life of the agreement.
This letter agreement once signed by Ramsin Inc. and
Xxxxx Xxxx is binding accordance with its terms. I trust the above
meets with your approval. Please sign where indicated to indicate
your acceptance to these terms.
Xxxxx Xxxx Ramsin Inc.
Exhibit A: Pictures of project.
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