An advertising contract is a written agreement between a person who wants to place an ad and a company that offers its advertising space. It can be an agreement between two bloggers, an organization and a billboard company, etc.
In this article, we’ll explain why an advertising contract is a must and what information it should include.
Why is an advertising contract important?
Although a big part of advertising contracts today are verbal, an agreement is a must since it protects both parties from “He promised to do this, but he hasn’t, while we complied with the terms of an agreement.” To avoid leaving everything to chance, create an advertising contract.
You can be the most responsible company ever, but you can’t be sure of the same when it comes to your partner. Besides, advertising is the driving force of brand promotion today, making companies conclude tens of agreements monthly. It becomes difficult to keep all these terms, conditions, and deadlines in mind, which increases the possibility of human errors.
Hence, having an advertising contract at hand allows both parties to refer to it anytime, refresh the details of an agreement, look through the responsibilities and expectations, and lastly — ensure a positive cooperation experience. An advertising contract is your only guarantee to receive what you expect and play fair.
Now that you know why an advertising agreement is a must, it’s time to find out what information should be included in it.
What information should I include in my advertising contract?
An agreement’s content may vary depending on the format of advertising and both parties as business holders. Still, there are some common things that should be included in every contract.
First of all, make sure you’ve mentioned the title of your agreement, which is “Advertising contract.” Then, include some essential information about the host, such as the company’s name, its physical and email addresses, phone number, and CEO. After that, list all the advertising materials available. Specify terms and conditions, including the duration of an ad and where it will be placed. Pay special attention to your deadlines and payment dates, cancellation policy, and warranty to ensure that the client’s expectations will be met.
If it seems to you that some aspects are taken for granted, don’t hesitate to include them in your advertising contract. This will be your airbag in case of any misunderstanding. In the end, sign the agreement, and put the date.
Congrats, now you know how to conclude an advertising contract, so make your cooperation with any partners a liable agreement!
References:
- This article covers the essentials of an advertising contract and explains why it’s needed.
- This article describes the elements of an advertising agreement.
- Here you’ll find the template of an online advertising agreement.
Last Updated: 21.03.2023
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