LICENSING AGREEMENT
is by and between:
I Do Builder (“IDB”), with a principal place of business at 124 Lincoln Avenue, Colonie, NY 12205
AND
WITNESSETH:
IDB
ONE: Provides the ultimate wedding planning solution.
TWO: Provides backend support complete with marketing materials and platform solutions.
THREE: Provides in-store marketing (at a cost to the licensee), digital ads, and commercials.
WHEREAS, The Company:
ONE: Sells rings to individuals seeking to get engaged/married.
TWO: Provides I Do Builder to said individuals.
THE PLATFORM & PREFERRED VENDOR NETWORK:
ONE: The I Do Builder platform connects couples with vendors part of the Preferred Wedding Network.
TWO: The vendor provides said individuals with deals, discounts, and/or added value through the
I Do Builder platform.
THREE: The deal, discount and/or added value is activated by clicking "I Do" on the platform.
A vendor network consists of 25-30 categories, at least 7-10 venues, and at least 3 other vendors in each category (about 75-200 vendors)
LEADS:
ONE: Leads are delivered to the vendor, in real-time via email and the I Do Builder platform.
TWO: A fee is charged per lead.
FEES:
ONE: One-time setup licensing fee of $2,500.
(Waived if you sign up before 3/15/24)
TWO: $100 per vendor that IDB secures for licensee's
Revenue Split:
The licensee retains 55% of the revenue generated by selling leads to the vendors.
TERM AND TERMINATION:
This Agreement may be terminated as follows:
ONE: Anytime and for any reason immediately upon written notice.
TWO: Will automatically renew until a party terminates.
DISCLAIMER: By typing your name below, you are signing this agreement electronically. You agree that your electronic signature is the legal equivalent of your manual signature on this agreement.