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modifications, altered wording, signatures, copyright infringement, trademark infringement, and / or use of the contents of this website without the express written consent of BINADAMU BORA L.L.C are forbidden. Viewer's manipulation of these terms and conditions are prohibited.
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BINADAMU BORA L.L.C suggest Participants, Viewers, and / or Customers seek professional approval before engaging in any service and / or program. All participants participate at their own risk. Viewer's manipulation of these terms and conditions are prohibited.
BINADAMU BORA L.L.C products and services are not to be sold without the express written consent of BINADAMU BORA L.L.C... Viewer's manipulation of these terms and conditions are prohibited.
CHILDREN'S INFORMATION AND UNAUTHORIZED PARTICIPATION:
BINADAMU BORA L.L.C. targeted audience is not children under the age 13. Therefore, another part of our priority is encouraging protection for children while using the internet. So, we encourage parents and guardians to observe, participate in, and/or monitor and guide their online activity.
BINADAMU BORA L.L.C does not knowingly collect any Personal Identifiable Information from children under the age of 13. If you think that your child provided this kind of information on our website, we strongly encourage you to contact us immediately and we will do our best efforts to promptly remove such information from our records. Viewer's manipulation of these terms and conditions are prohibited.
BINADAMU BORA L.L.C has the right to seek compensation for damages, theft, any infringement, and / or unlawful behavior caused to BINADAMU BORA L.L.C by Provider(s), Viewer(s), Participant(s), and / or Customer(s). Viewer's manipulation of these terms and conditions are prohibited.
BINADAMU BORA L.L.C has the right to terminate participation, transactions, and / or contracts associated to violations of BINADAMU BORA L.L.C terms and conditions. Viewer's manipulation of these terms and conditions are prohibited.
UPDATES AND CHANGES:
BINADAMU BORA L.L.C. website purposes do not substitute professional medical advice or consultations with healthcare professionals. We encourage all viewers and participants to seek professional medical guidance before participating in an athletic activity and / or athletic program. All participants participate at their own risk.
BINADAMU BORA L.L.C. is not a lending or financial institution. All financial transactions for services which have been provided by BINADAMU BORA L.L.C. are nonrefundable. Therefore, BINADAMU BORA L.L.C. does not have a return policy for services for which we have already provided.
All financial transactions between BINADAMU BORA L.L.C. and its' customers, members, and clientele must go through legal financial institutions.
BINADAMU BORA L.L.C and our Representatives role is to negotiate for athletes' needs, such as, expenses for round trip travel, hospitality, appearance money, sponsorship / facilitation, wages, and earnings.
Usually the "Racing Event and its' sponsor(s)' hospitality covers the generous reception, gifts, housing / lodging, dining, entertainment for qualified professional athletes and representatives. Usually, professional runners receive hospitality based on his or her World Athletics ranking.
Appearance money is also based on a professional runner's World Athletics ranking. Usually, runners who meet World Athletics platinum, gold and / or silver label standards are considered for appearance money, and / or travel expenses.
The "Racing Event Sponsor(s), and / or Race Event provides prize money earned by the athlete and negotiated applicable appearance money to the athletes' Management. These earnings are to be paid to the athlete through the management's business checking account.
Again, as a reminder; appearance money is based on athlete's World Athletics platinum, gold and / or silver qualifying standards.
Usually, Sponsorship and / or facilitators cover expenses not associated to racing events. However, sponsorship and facilitation are based on negotiated agreement(s). Usually Sponsorship and / or facilitation includes running kits, housing, nutrition, and a portion of insurance expenses. Nevertheless, insurance is based on jurisdiction and insurance law.
For Management services that are provided for a professional runner Management usually redeems fifteen percent (15%) of everything an athlete earns, such as, sponsor deals, appearance fees, and prize money, no matter how small the racing event or winnings.
INFORMATIVE: modifications, altered wording, copies, signatures, and / or use of the contents herein without the express written consent of BINADAMU BORA L.L.C are prohibited.
EXPLANATION OF REPRSENTATION CONTRACT:
Representation contract agreement is valid according to the client's signature date for one (1) year from the client's signature date. The agreement is between the client, BINADAMU BORA L.L.C (Sports Services), Athletics Management Agency (Sports Agency), and Athletes Representative. The Athletes Representative (hereinafter is the "Agent") is associated with the partnership of BINADAMU BORA L.L.C and Sports Agency. The client (hereinafter is the Athlete) of the agreement unless renewed, terminated or suspended.
In consideration of the mutual promises hereinafter made by each to the other, Athlete and Contract signees agree as follows:
1. General Principles:
The agreement is entered into pursuant to and in accordance with International Athletic Association Federation rules (hereinafter "IAAF", World Athletics) and National Governing Organizations concerning athletics effective January 2nd 2021 and is amended thereafter from time to time. The agreement shall apply only with respect to the Agent's performance of services described below.
2. Contract Services:
Commencing on the date of the Agreement, the Agent agrees to represent the Athlete to the extent requested by the Athlete in conducting individual compensation negotiations for the performance of the Athletes services as a Professional world class distance runner.
In performing these services, the Agent is the athletes delegated representative and is acting in a fiduciary capacity on behalf of the Athlete. In no event shall the Agent have authority to bind or commit the Athlete in any manner to an event with the express prior consent to the Athlete and in no event shall the Agent execute an Athlete contract on behalf of the Athlete.
3. Compensation for services:
The Athlete shall pay fees to the Agent for services performed pursuant to this Agreement in accordance with the following provisions: Contract Advisor shall receive a fee of fifteen percent (15%) of the compensation received by Athlete unless a lesser percent (%) or amount has been agreed by both parties and noted within the contract.
In computing the allowable fee pursuant to section 3 the term "compensation" shall include only net income of all prize money winnings, salaries from sponsors, time bonuses, course record bonuses, prime bonuses, merchandise winnings (ex. automobile, if the auto is sold) along with appearance fees presented to the Athlete.
4. Payment of Contract Advisor's Fee:
Contract Agent shall not be entitled to receive any fee for the performance of his/her services pursuant to this Agreement until the athlete receives the compensation upon which the fee is based. Further, Contract Agent is prohibited from discussing any aspect of his / her fee arrangement hereunder with any sponsor or any other athlete.
Athlete shall reimburse Contract Advisor for all reasonable and necessary communication expenses (i. e. telephone and postage) actually incurred by Contract Advisor in connection with the negotiation of Athlete's contract. Athlete shall also reimburse contract Advisor for all reasonable and necessary travel expenses actually incurred by Contract Advisor during the term hereof in the negotiation of Athlete contract, but only if such expenses and approximate amounts thereof are approved in advance by the Athlete. The Athlete shall promptly pay all such expenses upon receipt of an itemized proof of purchase statement from the Contract Advisor.
After each season prior to the athlete departure back to their home country, the Contract Advisor must send to the athlete an itemized proof of purchase statement of fees charged to the athlete for and any expenses incurred in connection to the performance of the following services: (a) individual athlete salary negotiations, (b) management of the athlete's assets, (c) financial investment, legal, tax, and /or other advice, and (d) any other miscellaneous services.
6. Agreement Terms:
The term of the agreement shall begin on the signees' dated signatures, and therefore shall continue in effect until the expiration signees' date executed on the agreement, or any extension of the agreement, renewal of the agreement, or legal modification of the agreement, and / or whichever of these legalities occurs later. Either party may legally terminate the agreement effective fifteen (15) days after a certified written notice of termination is given to the other party. Bases of the termination must be based on if the agent's certification is legally suspended, and / or legally revoked by World Athletics (IAAF) and / or involved National Governing Organization (NGO) concerning athletics.
The agreement shall automatically terminate effective as of the date based on suspension or termination from any violations of IAAF or NGO rules and regulations. The compensation of the termination shall be based on computing the allowable fee pursuant to section 3 the term "compensation". The compensation shall include only net income of all prize money winnings, salaries from sponsors, time bonuses, course record bonuses, prime bonuses, merchandise winnings (ex. automobile, if the auto is sold) along with appearance fees presented to the Athlete.
Upon being terminated pursuant to either of the above provisions, the Agent shall be entitled to be compensated for the reasonable value of the services he or she has already performed based upon the fee scheduled and contained in paragraph 3 above.
LINKS PERTAINING TO AND/OR REGUARDING NGOs, NADO, WADA, AND WORLD ATHLETICS
RULE 15: NATIONAL FEDERATIONS ANTI-DOPING OBLIGATIONS
7. Entire Agreement:
The agreement along with the IAAF, World Athletics and involved NGOs, sets forth the entire agreement between the parties hereto and cannot be amended, modified, or changed orally. Any written amendments or changes shall be effective only to the extent they are consistent with standard representation agreement as approved by World Athletics (IAAF) and / or involved NGOs.
This information is to provide a brief understanding of Management and the financial criterion. Generally, the role of the "BINADAMU BORA L.L.C and Sports Agency partnership" is to negotiate for athletes' needs, such as: expenses for round trip travel, hospitality, appearance money, sponsorship / facilitation, wages, and earnings.
The "Racing Event and its' sponsor(s)' hospitality usually covers the generous reception, gifts, housing / lodging, dining, entertainment for professional athletes and athlete(s)' representative. Usually, professional runners receive hospitality based on his or her world ranking and / or platinum, gold, and / or silver qualifying standards. For more information on World Athletics (IAAF) ranking and qualifying standards view the links below.
Appearance money, as mentioned under hospitality; is based on a professional runner's World Athletics ranking. Usually, runners who rank in the World Athletics' top 25 and / or meet World ranking top qualifying platinum label, gold label, and / or silver label standards are considered for appearance money, and travel expenses.
The "Racing Event Sponsor(s), Director(s), and / or Race Event's management will provide prize monies earned by the athlete(s), and applicable appearance money to BINADAMU BORA L.L.C… BINADAMU BORA L.L.C then will provide athlete's Representative (Sports Agency) with the net earnings deducted from monies obtained from the Racing Event's Sponsor(s), Director(s), and / or Racing Event's. Sports Agency will then pay the net prize money and / or net applicable appearance money to the Athlete(s) responsible of the net earnings.
All business transactions involving "the BINADAMU BORA L.L.C and Sport Agency partnership" are normally handled through business banking and / or wire transactions. As a rule of thumb: legal business checking account transactions and / or wire transactions are a wise preventative measure used to deter money laundering and embezzlement.
Sponsorship and / or facilitation not associated with racing events cover provisional costs. The Sponsor(s) and / or facilitator(s) provide the athlete with running kits, housing, nutrition, and a portion of insurance expenses through BINADAMU BORA L.L.C and / or Sports Agency. Keep in mind; insurance expenses are based on jurisdiction and insurance law. Nevertheless, for Management services that are provided for a professional runner… "the BINADAMU BORA L.L.C and Sport Agency partnership" redeems a standard fifteen percent (15%) of everything an athlete earns, such as: sponsor deals, appearance fees, and prize money, no matter how small or great the racing event or winnings.
"WHAT'S IN IT FOR ME?"... Experiencing the BINADAMU BORA effect. We are currently welcoming prominent companies, organizations, and people who are willing to become a member of our World Class Athletic Family. The English translation of BINADAMU BORA in our mark is "The Best Human Beings". Experience the BINADAMU BORA effect by becoming a member of The Best Human Beings we can be. Our philosophy BINADAMU BORA "WEAR IT' BE IT" is just one part of BINADAMU BORA's platinum and gold standard of success. THAT'S WHAT IS IN IT FOR YOU!
BINADAMU BORA L.L.C road race list selection for elite contest adheres to World Athletics platinum label race schedule, gold label race schedule, and silver label race schedule. The following links are as follows.
PLATINUM LABEL ROAD RACES
GOLD LABEL ROAD RACES
SILVER LABEL ROAD RACES
BINADAMU BORA L.L.C athletes' ranking is determined by the World Athletics ranking system. The following links can be viewed for more details.
SIGNEES ARE RESPONSIBLE FOR EXAMINING THE CONTRACT
INFORMATIVE: modifications, altered wording, signatures, and / or use of the BINADAMU BORA L.L.C. contents herein of BINADAMU BORA L.L.C's contract, explanations, information, terms and conditions without the express written consent of BINADAMU BORA L.L.C are prohibited. BINADAMU BORA L.L.C does not claim third party videos and / or websites listed in the information, terms and conditions other than BINADAMU BORA L.L.C videos and / or websites. Kindly view third party terms and conditions, as well as; their privacy policies. We encourage viewer(s) at their own expense to seek professional medical approval before joining and / or participating in athletic programs and using Information provided by BINADAMU BORA L.L.C, Partnerships, and Affiliates. All participants participate at their own risk. Signees and viewer(s) have the right to seek professional legal advice at their own expense concerning agreement.