Sample Memorandum Of Agreement For Sponsorship

While it may be tempting to have a boiler platform agreement, it is always best to tailor the details for each participating sponsor to include the peculiarities. There is therefore no room for misunderstandings. The first thing you should do when you create a sponsorship contract is to consult a lawyer. This contribution is designed only as information and should not replace the advice of a lawyer. However, the basics of a sponsorship contract often include: This sponsorship contract was concluded from [Agreement. Date] between the following entities, which are collectively known as “the parties”: [Sender.FirstName] [Sender.LastName] [Client.FirstName] [Client.LastName] (Promoter) This document is a legally binding sponsorship agreement between the parties listed above. The sponsorship package purchased is not transferable for any reason. If the promoter is unable to meet the financial requirements of this agreement, the promoter agrees to provide the organizer with a written notification in a timely manner so that the organizer can find another suitable sponsor. PandaTip: The terms of this sponsorship agreement must be simple and fair to both parties. If you want to use other terms, you can replace the terms of the model by clicking in the text box below. If the type of sponsorship purchased needs to be changed for any reason, the organizer agrees to notify the sponsor in writing. PandaTip: This model was designed to work for each sponsorship contract. To add specific details to your event, simply click on one of the text areas.

More information should then be included to describe the important conditions specific to each sponsorship. This is the delicate matter of your agreement and offers an exhaustive list of specific conditions, including the following details: Be sure to include a statement that the agreement is the entirety of the agreement and that the oral statements that will be discussed will not be included in order to avoid possible challenges in the event of a dispute. If you change the sponsorship agreement at any time, be sure to change the contract. Your lawyer can give you advice on how best to change the contract if something changes. Sponsorships provide credibility and financial support for your events. A well thought-out sponsorship sales contract will provide the legal contract necessary to make both parties happy. They avoid confusion, build stronger relationships and look forward to continued support for future events. Properly crafted agreements are the glue that keeps your sponsorships together, so that both parties can participate without worry.

Sponsorship sales require a clear agreement with defined roles and responsibilities to succeed. As a marketing tool, you can connect to the right brands and products to improve your relationship with your audience, while connecting with your audience, members, fans or donors. Events bring you into the community to create moments of experience that help raise brand awareness, while sponsorship helps create credibility and much-needed funding. We have already mentioned the non-competition clause, but it goes beyond exclusivity. It describes the specifics of your agreement and the exclusive rights to which a particular sponsor might be entitled on the basis of the package it has acquired. For example, a sponsor may have the exclusive right to have their logo on stage or be the only food seller authorized to sell food at your event. The exclusivity clause defines the agreed terms that confer special rights on a particular promoter. Due to the extra exposure, exclusivity usually comes with a higher day price for sponsors.