Article 5.7 refers to statements that must be forwarded to the adjudicating authority and against which the awarding entity will make payments from the Commission. According to this text, the client is required to pay relatively quickly from the date of receipt of a return, which is acceptable to him. Longer payment times would require adaptation of the text. In the event of a late payment, interest must be paid to the agent. The agent must bear in mind, however, that while it is useful to include this provision in such an agreement, it will often be economically unwise to insist on interest payments where there is an ongoing business relationship. It should be noted that interest is not payable if it is agreed that a disputed amount is not due to the agent. This agency agreement is compatible with EU legislation for international purposes and, in general, with EU legislation. Intellectual property is a valuable asset and there are often intellectual property disputes, which are found in agreements with projects, creations and works of art. A detailed intellectual property rights clause can help both parties avoid lengthy intellectual property disputes.
If you enter into a creative agency agreement and are unsure of your intellectual property rights, you should have the agreement reviewed by a contract lawyer before signing. Once the agreement is signed, it can be very difficult to change the conditions, especially if the conditions are favourable to the other party. The scope of the agreement. If the supplier produces a number of different products, do you want to sell all of them or only a limited amount? And what is the perimeter of your territory as an agent? Make sure you don`t adopt too large a product line or too much territory, unless you have the team and/or infrastructure at your disposal to maintain them. Who can use this agency agreement? Any manufacturer or supplier of goods or services may use this agency agreement. What is the purpose of this agency agreement? The agreement defines the conditions for which the “principle”… Given the breadth of creative performance involved in an agency or client relationship, intellectual property ownership and protection is a fundamental issue in awarding contracts. The development of a campaign by an agency for a client during the customer or agency relationship period usually involves the creation of a wide range of creative material – for example, scripts, storyboards, slogans, jingles, photographs and audiovisual material.
The American Association of Advertising Agencies or 4A works to protect advertising agencies and their intellectual property rights.