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Title: |
Agreement |
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Entities: |
Global Network, Inc.; Newspaper National Network; Newspaper Association of America |
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Date: |
2001 |
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Size: |
Preview shows 3KB of 25KB total |
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Price: |
$35 |
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ID: |
#274193 |
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Agreement Between the Newspaper National Network and
Global Network Incorporated
This agreement is entered into on this 27th day of March, 2001, between the
Newspaper National Network ("NNN"), a for-profit affiliate of the Newspaper
Association of America located at 20 West 33rd Street, New York, New York 10001
and Global Network Incorporated, a public company located at 575 Madison Avenue,
New York, New York 10022, hereinafter ("GNI").
RECITALS
1. NNN is in the business of soliciting certain categories of advertising
from advertisers and agencies for insertion as ROP advertising in over one
thousand newspapers participating in its program. When NNN's solicitations are
successful, NNN arranges for the advertising to be placed in accordance with the
customer's wishes, for billings to be made, and for the proceeds, net of NNN's
fees and costs, to be distributed to participating newspapers.
2. GNI is in the business of soliciting advertising from advertisers and
their agencies for insertion on newspaper web-sites in about three hundred
newspapers participating in its program. When GNI's solicitations are
successful, GNI arranges for the advertising to be placed in accordance with the
customer's wishes, for billings to be made, and for the proceeds, net of GNI's
fees and costs, to be distributed to participating newspapers.
3. GNI has expertise in Web site advertising but does not have an adequate
sales force to call upon the advertiser and agency prospects solicited by NNN
and wishes to retain NNN to offer such prospects GNI's web-site coverage in
conjunction with NNN's own solicitations. NNN is willing to make such offers in
return for a commission based on sales of web-site advertising to such
prospects. To provide NNN with the technical expertise needed to make such
offers, GNI is willing to train NNN personnel, prepare research and presentation
materials for their use and undertake the further obligations set out herein.
In consideration of this Agreement and the payments provided herein, the
parties agree as follows:
1. Duties of GNI:
GNI shall provide the following professional services by assignment for
NNN.
Training
GNI will provide sales training to NNN's individual sales people and
prepare presentation materials for their use in dealing with prospects in
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