Sponsorship Agreement

Neutral

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Description:

Sponsorship Agreement where Sponsor has agreed to sponsor the Event and pays the sponsorship fee as a contribution to the cost in a fixed amount. This is drafted in Neutral Form.

This Sponsorship Agreement concerns the grant of sponsorship rights, the event holder's obligations, the period and duration of the agreement, the extension to the term of the agreement, the conditions of use of banners and event logos and the conditions and consequences of terminating the agreement.

The Sponsorship Agreement shall grant the Sponsor several rights, license and opportunities that have been outlined as content in the agreement, such as exclusive rights to forming promotion plans, right to be acknowledged, right to have the Sponsor’s name displayed at appropriate places, etc. Moreover, the Event Holder shall be prohibited from granting such rights to any other party. But upon approval of the Sponsor, the Event Holder may grant a title of “Official Supplier” to any party who have supplied specified goods or services that do not compete with the Sponsor.

All costs in the Event shall be borne by the Sponsor. The Event holder shall in return, make sure that additional promotion opportunities shall be made available to the Sponsor from time to time as the programme for the Event develops.

The amount, manner of payment, relevant taxes and non-performance of the sponsorship fee have been stated in the agreement. Moreover, the period of payment and the possibility of extension of the term have also been included as provisions in the Sponsorship Agreement.

Regarding the use of Event Logo, the Event Holder warrants to the Sponsor that it owns and/or is entitled to use the Event Logos and to authorise their use in connection with the Event and undertakes to indemnify the Sponsor in respect of any action that may be brought against the Sponsor arising out of the use by the Sponsor of the Event Logos as authorised under the terms of this Sponsorship Agreement.

Conditions, proceedings and consequences of termination have been clearly outlined in the Sponsorship Agreement. Moreover, a separate force majeure clause has been inserted to counter unforeseeable situations. These provisions are included to minimize the risk of having disputes between the contractual parties.

Soe other common contractual clauses inserted to minimize risks of disputes arising between parties includes the jurisdiction clause, clauses related to matters on confidentiality, etc. These clauses strive to protect the interests of all contractual parties. 

 

How to use this Document?

 

This Sponsorship Agreement should be carefully read by the Event holder and the Sponsor.

The Document may be used upon a Sponsor agreeing to sponsor an event, in which a Sponsorship Agreement needs to be drafted. 

Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.  

 

How to Tailor the Document for Your Need?

 

1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. 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.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

Document Type:

Agreements / contracts

Category:

Business > Commercial, Sales and Marketing > Commercial / Franchise / Sponsorship Agreements

 
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