How partners will promote your business, what and what payments they will receive, whether they can work with your competitors – all these
points are spelled out in the partnership agreement between the affiliate and the company. We tell you how to correctly draw up a
partnership agreement to protect your business from legal, financial and reputational problems.
What is a partnership agreement?
A partnership agreement is a contract between a company and a buy phone number list partner who will promote it. It sets out the terms of
cooperation, the rights and obligations of both parties, and the procedure for action in different situations. The purpose of a partnership
agreement is to protect the interests of the company and partners at the legal level.
You can track which promo codes worked for which partners and what the results were using special services. PRM Online automatically
collects statistics on the use of promo codes, which is visible to both businesses and partners. There is no need to waste time on reports and there will be no errors.
3. Third-party partnerships
If your affiliate partners with one of your direct or indirect the photo you choose has a significant competitors, it could create a conflict of interest. To protect your company from such situations, include a clause in your agreement prohibiting you from working with competitors or companies whose values conflict with yours.
You can list “by name” known competitors, and for the rest, create a detailed portrait: type of activity, positioning and other parameters. The more accurate the description, the better your interests are protected.
4. Promotion methods
On the one hand, all means are good if they work. But paid andorra business directory advertising from a partner, for example, can compete with your advertising campaigns, which harms the final results.
It is better to immediately specify in the partnership agreement the channels through which partners can promote your products. Blogs, social networks, email newsletters – these can be any tools that are acceptable in your company and that will not create artificial competition for you.