From music festivals and fairs to carnival events, block parties and games, events can be very expensive to organize. That`s where the sponsors come in. In exchange for financial or other support, organizers can offer tickets to sponsors on advertising media or in multimedia spots, free tickets, VIP treatments and more. A sponsorship contract contributes to the benefit of all parties involved. This sponsorship agreement was concluded from [Agreement. Date] between the following entities, collectively called “the parties”: [Sender.FirstName] [Sender.LastName] (Sponsor) [Client.FirstName] [Client.LastName] (Promoter) This document is a legally binding sponsorship agreement between the parties listed above. Each party signs this agreement on the date indicated at the signing of that party. When creating a sponsorship contract, it is imperative to consult a lawyer. This contribution is designed only as information and is not designed as legal advice or substitute to advise a lawyer. 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. While the packages you provide describe what a sponsor buys, a sponsorship contract offers something that is legally binding. It is really helpful to make sure that your sponsorship proposals are very clear, because it allows you to base your agreement on something more solid.
If your agreements are made with the same list for each sponsor, you can secure your agreements and make sure that both parties are familiar with what is expected of them and fully understand. 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. Make sure you clearly define the types of businesses your sponsor defines as a competitor so that there is no confusion about which companies you may or may not approach in the future.