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There is so much to break down in the PR but let's

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Post# of 32626

(Total Views: 284)

Posted On: 03/27/2024 1:15:10 PM

Posted By: redspeed

There is so much to break down in the PR but let's first start with "contemplates", which is used 3 times. If you are not used to contracts, it may sound wishy-washy / loosey goosey.

Not to me since I deal with contracts all the time, but you decide and do your own DD.

Quote:
In legal terms, the phrase “in contemplation of” is an important one. It comes up frequently in contracts and is used to describe a person’s intentions or expectations at the time a contract is formed.

https://medium.com/@AssistantatLaw/what-is-th...7b5ebd14db

Quote:
The partnership also contemplates TikTok Shop sponsored studio rentals, as well as a paid-for “day pass” for use of MARKET.live studio services by TikTok creators, influencers and affiliates. MARKET.live will generate revenue through fees, including monthly recurring fees, paid directly to MARKET.live by the brands, retailers, influencers and affiliates referred to MARKET.live by TikTok. In addition, it is contemplated that MARKET.live will receive a percentage of monthly revenue generated through the TikTok stores MARKET.live establishes for the brands, retailers, influencers and affiliates that TikTok Shop refers to MARKET.live.

The partnership also contemplates the use of MARKET.live studios as TikTok “Sample Centers” where TikTok creators will have access to product samples for use in their TikTok Shop videos produced at MARKET.live studios. In addition to the compensation referenced above, TikTok will compensate MARKET.live directly for the attainment of certain pre-established performance goals and objectives agreed-to between the parties.