The South Dakota Celebrity Promotion License Agreement is a legally binding contract designed specifically for promoting commercial products through celebrity endorsements in the state of South Dakota. This agreement outlines the terms and conditions under which a celebrity can endorse, advertise, or promote a commercial product in South Dakota. It aims to protect the rights and interests of both the celebrity and the company or brand seeking endorsements. Key terms and clauses included in the South Dakota Celebrity Promotion License Agreement may cover the following aspects: 1. Parties Involved: This section identifies the celebrities and the entity or business seeking their endorsement. It includes their legal names, addresses, and contact information. 2. Term of Agreement: Specifies the duration of the agreement, including the specific start and end dates for the promotion. 3. Product Description: Provides a detailed description of the commercial product(s) that the celebrity will be endorsing. This includes brand names, product features, and any specific requirements for the promotion. 4. Rights and Obligations: Outlines the rights and obligations of both parties. This may include the responsibilities of the celebrity, such as attending promotional events, participating in photo shoots, or featuring the product on their social media accounts. 5. Exclusivity: States whether the celebrity is exclusively endorsing the product in South Dakota or has the freedom to endorse competing products. 6. Compensation and Royalties: Defines the compensation structure for the celebrity's endorsement services. This may encompass a fixed fee, royalties based on product sales, or a combination of both. It may also specify how the payments will be made and any additional costs that need to be covered by the endorsing party. 7. Intellectual Property Rights: Addresses ownership and use of intellectual property, including trademarks, copyrights, and any materials created during the promotion. 8. Confidentiality: Establishes the confidentiality obligations of both parties, ensuring that any proprietary information shared during the promotion remains confidential. 9. Termination: Describes the circumstances under which the agreement may be terminated by either party, including breach of contract or failure to fulfill the agreed-upon terms. Types of South Dakota Celebrity Promotion License Agreements may include: 1. Exclusive Endorsement Agreement: This type of agreement grants the celebrity exclusive rights to endorse a specific product or brand within South Dakota. The celebrity will not endorse or promote any competing products during the term of the agreement. 2. Non-exclusive Endorsement Agreement: In this case, the celebrity is free to endorse multiple products and brands simultaneously, even those that may directly compete with the promoted product. By utilizing the South Dakota Celebrity Promotion License Agreement, businesses can ensure a clear and mutually beneficial partnership with celebrities to effectively promote their commercial products in the South Dakota market.