An Advertising Agency Agreement is a legally binding contract between an advertising agency and a business or individual that engages them to produce, design, create and place advertisements in the media. The agreement outlines the terms and conditions of the advertising services, including the duration of the contract, the fee structure, payment method, and the scope of work. It also outlines the rights and obligations of both parties. Types of Advertising Agency Agreement include: 1. Creative Services Agreement: This agreement governs the creative services that the advertising agency provides to the client, such as advertising campaign design, content creation, and media production. 2. Media Buying Agreement: This agreement outlines the terms and conditions of the media buying services that the advertising agency provides to the client, such as purchasing ad placements in print, digital, and broadcast media. 3. Media Planning Agreement: This agreement outlines the terms and conditions of the media planning services that the advertising agency provides to the client, such as creating and executing a media plan for the client's advertising campaign. 4. Performance-Based Advertising Agreement: This agreement outlines the terms and conditions of the performance-based advertising services that the advertising agency provides to the client, such as creating and managing pay-per-click (PPC) campaigns.