Agreement: The school/organization, in exchange for consulting services provided by the Race for Education company, agrees to pay a 20% commission on the funds received for this event as long as the commission fee equals or exceeds $1,000.00. The 20% commission fee is based on a "two-tier structure." 15% of the commission fee covers the organization and oversight the school's Race for Education during the first year. An additional 5% is built into the contract because we "give away copyright use" to the school after the first year. We are the only national jog-a-thon company that does not require schools to sign a "multi-year contract." As a result, the total 20% commission includes our services for the first year plus the free consultation and materials we provide to your school for as many years as you hold additional Race for Education programs.
In the event that the 20% commission fee is less than $1,000.00, the school agrees to pay a set fee of $1,000.00 for the consulting services provided by Race for Education. The fee shall be calculated on the basis of all funds (except those monies raised by faculty & staff) received for the Race for Education up until 45 days following the event. However, the commission amount paid to Race for Education shall not exceed $7,500, regardless of the total monies raised by the school. The commission check shall be made payable to Race for Education. In addition, all monies received after 45 days following the Race for Education shall belong to the school/organization, and no further commission shall be paid.
It is also understood that, following the first year’s Race for Education, the school/organization will be allowed to conduct all future Race for Education events without paying a commission or royalty fee. However, in exchange for this privilege when conducting future Race for Education events, the school/organization agrees to print copyright information on all the mailers that are sent to prospective sponsors. Furthermore, in order to avoid copyright violation, the school/organization will not give away the Race for Education program to other schools.
In addition, the school/organization agrees to follow the “Guidelines for Success” requirements in order to ensure the success of Race for Education.
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When a school/organization contacts our office for an “informational packet,” we will include a written contract and also a copy of the “Guidelines for Success” document.
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