Vendornet UWM Grad Images CONTRACT KK23-05-O -.pdf

This is a contract agreement (KK23-05-O) between the University of Wisconsin-Milwaukee, acting on behalf of the State of Wisconsin Board of Regents and the UWM Office of the Secretary and Office of Alumni Relations, and GradImages (parent company Iconic Group) based in Tallahassee, Florida. The contract is managed by Kathy Kercheck from UWM and includes key contacts from both organizations for day-to-day operations and licensing requirements.

The contract covers commencement ceremony photography services for UWM, with services to be provided at the UWM Panther Arena located at 495 W. Kilbourn Avenue, Milwaukee. The initial contract term runs from July 1, 2023 through June 30, 2025, with automatic renewal for three additional one-year terms unless terminated. GradImages will provide a rebate for flat rate per attending graduate orders and a revenue share percentage of 16.5% for all products offered, along with a flat commission rate of $12.00. The company also commits to providing UWM with a signing bonus of $15,000 for the full five-year agreement and must provide auditable revenue share comparisons within 60 days after each commencement ceremony. The contract may be extended to other UW campuses under the same terms and conditions.