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Commercial Co-Venture Agreement

Commercial Co-Venture Agreement

A Commercial Co-Venture Agreement (CCVA) is a legal contract between a for-profit business (commercial co-venturer) and a nonprofit organization in which the business agrees to promote and sell a product or service and donate a portion of the proceeds to the nonprofit.

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01

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Fill in the details of the parties. You can click the "Fill with Member’s Information" button to complete it with information saved to your account.

02

Fill Information

Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.

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04

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The document should be signed by the authorised signatory (or directors of a company) and witnessed to complete the formality.

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Document Description

A Commercial Co-Venture Agreement (CCVA) is a legal contract between a for-profit business (commercial co-venturer) and a nonprofit organization in which the business agrees to promote and sell a product or service and donate a portion of the proceeds to the nonprofit. This type of arrangement is often used for cause marketing campaigns, where the business aligns itself with a charitable cause to enhance its brand reputation while supporting the nonprofit’s mission.

Key Features of a Commercial Co-Venture Agreement

  1. Cause Marketing Partnership:

    • The for-profit business markets a product/service, advertising that a portion of proceeds will benefit the nonprofit.

  2. Legal Compliance:

    • Commercial co-ventures are regulated in many jurisdictions, including specific rules on disclosures, financial reporting, and advertising.

  3. Win-Win Dynamic:

    • The nonprofit gains funds and visibility, while the business enhances its corporate social responsibility (CSR) profile.

 

How to use this document?

To use this document effectively, follow these steps:

1. Provide the required information: Enter the names and addresses of the Client and the Company, ensuring that the information is accurate and up to date.

2. Understand the provisions: Familiarize yourself with the definitions and interpretations provided in the document to ensure a clear understanding of the terms used throughout the agreement.

3. Execute the Agreement: Sign and deliver the document promptly, ensuring that it is properly executed and delivered.

4. Comply with obligations and undertakings: Fulfill all obligations and undertakings outlined in the document, including the payment of expenses and the prompt payment of calls and payments due in respect of the security shares.

5. Seek legal advice if needed: If you have any questions or concerns about the document or its implications, consult with a legal professional to ensure that you fully understand your rights and obligations.

By following these steps and ensuring compliance with the terms of the document, you can effectively use the pledge agreement to establish a legally binding donation for the fundraising of your organisation.

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