Packaging Accolade Template

PACKAGING ACCOLADE TEMPLATE

Parties

Recitals

WHEREAS, Party A is engaged in the business of recognizing excellence in packaging design, materials, and sustainability and administers awards and accolades relating to packaging performance; and

WHEREAS, Party B has developed packaging described herein and seeks formal recognition under the terms of this Agreement for the accolade designated as:

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, the parties agree as follows:

Scope of Work

Recognition will be rendered in the following format(s): Plaque Certificate Digital badge Press release (subject to consent)

Payment Terms

In consideration for the recognition services and related deliverables, Party B shall pay Party A the sum of payable in accordance with the following schedule:

Late payments shall incur a late fee equal to percent per month on any outstanding balance, or the maximum permitted by law, whichever is less, commencing after days following the invoice due date.

Term and Termination

Term: This Agreement commences on and shall continue until unless earlier terminated as provided below.

Either party may terminate this Agreement for convenience upon written notice delivered at least days prior to the effective date of termination. Either party may terminate for material breach if the breaching party fails to cure such breach within thirty (30) days after receipt of written notice specifying the breach.

Confidentiality

"Confidential Information" means non-public business, technical and financial information disclosed by one party to the other, including but not limited to packaging specifications, formulations, testing results, costs, and strategic plans. Each party shall (i) protect Confidential Information of the other party with the same standard of care it uses to protect its own confidential information, which in no event shall be less than reasonable care; (ii) use Confidential Information solely for the purpose of performing its obligations under this Agreement; and (iii) not disclose Confidential Information to third parties except to employees, contractors or advisors who need to know the information and who are bound by confidentiality obligations no less protective than those set forth herein.

Confidential Information does not include information that: (a) was known to the receiving party without restriction prior to disclosure; (b) becomes publicly available without breach of this Agreement; (c) is rightfully received from a third party without restriction; or (d) is independently developed without use of the other party's Confidential Information.

License and Publicity

Party B hereby grants Party A a non-exclusive, royalty-free, revocable license to reproduce and display images and descriptions of Party B's packaging solely for the purposes of administering the accolade, announcing recipients, and promotional activities related to the award. Any use of Party B's trademarks or trade dress shall be subject to Party B's prior written approval, which shall not be unreasonably withheld. Party A must obtain separate written consent from Party B prior to issuing any press release that attributes proprietary claims to Party B's packaging.

Indemnification

Each party (the "Indemnifying Party") shall indemnify, defend and hold harmless the other party and its officers, directors and employees from and against any third-party claims, losses or liabilities arising out of the Indemnifying Party's breach of this Agreement, negligence, willful misconduct, or infringement of third-party intellectual property rights in connection with the materials submitted for recognition.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state of without regard to conflict of law principles.

Entire Agreement

This Agreement, including all schedules and exhibits executed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals, negotiations and understandings, whether written or oral. Any amendment to this Agreement must be in writing and signed by authorized representatives of both parties.

Notices

Notices under this Agreement shall be delivered to the contact information set forth above and shall be effective upon receipt if delivered by hand, nationally recognized courier, or by certified mail, or on the date of transmission if sent by electronic mail with confirmation of receipt.

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