This was clearly no longer the endorsement fee commanded by a C or D-list celebrity! This price was not at the S-list level yet, but was definitely at the price of an ordinary A-list celebrity!
Zhang Ye upheld his principles. "No way. We've already agreed on it."
Dad supported him. "Yes, we can't change things that have already been settled. This is hones..."
Mom silently kicked her husband's leg and leered at him, prohibiting from saying another word.
But Wu Mo said, "You need to sign this new contract, otherwise I won't be able to answer to my aunt. The endorsement fee that I had agreed on earlier was not a lot to start with, and I understand that you agreed to do this for me only because of my aunt. Now that the company is experiencing a turnaround, you are a main contributor of it all, and so I definitely have to compensate you the deserved amount. Ignoring anything else, just the fact that you were willing to use your endorsement fee to invest into the marketing budget alone with the option of paying you back in installments, anyone could see that you had the interests of our company at heart. This is why I have to handle this properly, because other people who do business talk contracts and money, but I'm not the same. I talk relationships." Handing him the contract. "The new contract has already been drawn up, so take a look. You have to sign it today no matter what. The endorsement fee of 3 million is written and will be paid out within a month!"
Zhang Ye did not look at the contract. He handed it back and said, "I can't sign it. Let's do it as we agreed before. My dad is right, this is the most basic trust in an agreement."
His father nodded.
His mother winked at him and said, "Son, look. Little Wu's explanation is quite...."
"Mum." Zhang Ye smiled bitterly. Just a while ago, his mother was still under the impression that he had caused their company to lose money and had scolded him, but now, when she knew that their company was making a big profit, she was becoming greedy.
Wu Mo simply said, "If you don't sign this, I won't be leaving today." Then he sat down.
Zhang Ye was almost speechless, "We're about to have dinner. CEO Wu, why don't you have some too, we can talk while we eat."
"Heh, I really haven't had anything to eat yet. This is auntie's cooking, right? It looks really delicious. It looks like I am in for a treat today." Wu Mo did not stand on ceremony and just sat down to eat.
Mom beamed, "Little Wu's mouth is so sweet. Here, have more."
Wu Mo said while he ate, "Brother Zhang, the contract I have is not for nothing too. I've added a condition behind regarding future endorsement and advertisement production, such as the change of commercial in the later half of the year? And things like next year's renewal of contract? Unless there's some mitigating circumstances, we have to renew the contract with you. Of course, this is not included in the 3 million endorsement fee for this year. If there is a need to change the commercial and your endorsement for next year, we will discuss your fees again when the time comes. It might not be 3 million if you become an A-List celebrity by next year. If it's still 3 million next year, even I wouldn't dare to give that to you no matter how thick my skin is. We will definitely need to discuss the terms again when we renegotiate the endorsement contract.”
HIs mother answered like she understood, "That is good, that is good."
His father hit the table and said, "What's so good? Just eat. Let our son decide his business matters on his own."
Zhang Ye was very practical too. If it were anyone else, he wouldn't say too much, but since Wu Mo was Wu Zeqing's nephew, Zhang Ye did not hide anything, "CEO Wu. President Wu has always treated me very well and I feel indebted to her. If there's anyone I wanted to cheat, it would not be you. We can talk about this openly. This commercial does not need to be updated or changed, even after one year or five years, you can continue using the same commercial. It will not go out of style, so don't worry. Of course I can't guarantee that you can use it forever, but in the next five years at least, there shouldn't be any problems, so there's also no need for me to give you a new advertising proposal."
Wu Mo considered for a while, "Use it indefinitely?"
"Yes, keep using it. As long as the sales do not drop significantly, keep using it until it is no longer profitable." Zhang Ye's advertising experience was actually lacking, but his advantage was the experience and knowledge from his previous world. In this, no one could possibly understand better than he could.
Wu Mo nodded, "OK, I will do as you say!