Your company may be promoted | aruba business database

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 Your company may be promoted you.

5. Updating the AgreementYour company may be promoted

It is important to review and update the terms of cooperation. Your company may be promoted We recommend doing this once a

year, but you can do it more often if circumstances require it. Add a clause to the partnership agreement about how and when it will be

updated so that it does not come as a surprise to affiliates.

Your company may be promoted by a self-employed person, phone number list an individual entrepreneur, or another type of legal

entity. The agreement must specify what type of business the partner has — the details of the cooperation and the laws that regulate

it depend on this. If you use one template and simply change the details in it, you may end up with non-working agreements that

simply do not comply with the law.

The amount, terms and conditions of receiving rewards should the concept and business model of the company Your company may

be promoted be as transparent as possible. Specify the payment model, indicate hold periods or specific payment dates, as well as

how and when you will evaluate the partner’s performance.

If you plan to motivate partners with bonuses, it is also important to indicate their size and accrual conditions. These can be fixed

amounts, percentages of sales, or other incentives for achieving target indicators.

If you use a system for working with partners u can specify in the agreement that the system will automatically record the partner’s

results and payments will be calculated automatically based on these results.

If the results are clearly recorded and there is no human factor andorra business directory in calculating rewards,as they feel safe and

motivated. And the business, in turn, does not need to spend a lot of time monitoring the correctness of the amount and timing of

payments to partners.

To avoid unexpected situations, write down in which cases the agreement can be terminated. For example:

Breach of agreement – if one of the parties fails to fulfill its obligations.
Change of strategy – if the company changes course and no longer needs a partner.