This form has been created for general information purposes only. They do not constitute legal advice, advertising, solicitation or tax advice. The submission of this form and the information it contains is not intended to establish a customer relationship and its receipt does not constitute justification. You should not rely on this document or such information for any purpose without seeking the legal advice of a duly licensed attorney, including, but not limited to, reviewing and advising on the terms of this form, the appropriate approvals required in connection with the transactions provided for in this form, and any securities laws and other legal matters; which are considered in this form or in the operations provided for in this form. To ensure that the needs of both parties are met, a sponsorship agreement is established in the form of a contract specifying the details that each party agrees to. The last thing you want is for a sponsor to give up at the last minute. You also want to be able to walk away from a sponsor if you discover something that conflicts with your ethics or brand. Therefore, you need to make sure that your agreement describes in detail how your relationship can be terminated and what penalties apply to both parties. The most important details for a termination would be how much termination is required and how much termination will cost. Sponsors usually insist on a clause that explains what is expected if your event does not bring the benefits you advertise, or if an event is cancelled or you do not meet certain criteria. Statements that allow for reimbursement are often requested by promoters to ensure they get what they pay for.
This is often a percentage of the funds they paid, but depending on the severity of the problem, a full refund may be included. Panda Tip: Once you`ve customized this referral agreement template to your liking, use the menu on the right to assign yourself and your sponsor the “Sender” or “Customer” roles. Then click on “Send”. You and your sponsor will receive an email with the contract concluded and will be able to sign and download the agreement electronically. We have already mentioned the non-competition clause, but it goes even further in exclusivity. It describes the details of your contract and the exclusive rights to which a particular sponsor may be entitled under the package they purchase. For example, a sponsor may have exclusive rights to have their logo appear on stage for major events, or be the only food vendor authorized to sell food at your event. The exclusivity clause sets out the agreed terms and conditions that grant special rights to a particular sponsor. Due to the additional exposure, exclusivity for sponsors is usually associated with a higher price. Be sure to clearly define the types of businesses that your sponsor defines as competitors so that there is no confusion as to which companies you can and cannot turn to in the future. In no event shall either party be liable to the other party for any consequential, incidental, indirect or punitive damages, whether such liability is due to breach of contract, breach of warranty, tort, strict liability or otherwise.
Here, the parties enter the simplest but most important information: identify the details of the sponsor and influencer, what type of sponsorship, payment details, and details of what the influencer needs to do. Sponsorship ensures the credibility and financial support of your events. A well-thought-out sponsorship sales contract provides the legal contract needed to make both parties happy. They avoid confusion, build stronger relationships, and look forward to continued support for future events. Well-designed agreements are the glue that holds your sponsorships together and allows both parties to participate without worries. If the type of referral package purchased needs to be changed for any reason, the Promoter agrees to notify the Sponsor in writing. Panda Tip: The text blocks in the template below give you space to insert details about your referral package, including the benefits you offer the sponsor and any items they need to provide to your team under the referral agreement. 25. NECESSARY MEASURES; OTHER INSURANCE. Each Party shall use all reasonable efforts to take or cause to be adopted all necessary or desirable measures to complete and give effect to the transactions provided for in this Agreement or to prove or execute the intent and objectives of this Agreement.
Then more information should be included that describes the important conditions for each individual sponsorship. This is the essence of your agreement and provides a comprehensive list of specific conditions, including the following details: This document is similar to an affiliate agreement, but differs in that sponsorship is usually much closer working relationships than affiliates. Here, the sponsorship details will cover in detail exactly what the influencer`s obligations are in a way that an affiliate agreement usually doesn`t. Anything not expressly addressed in the terms of this Referral Agreement is subject to the contractual laws of [Promoter.State]. The level of participation often varies greatly from sponsor to sponsor, from a company that simply delivers products to a venue, to an assistant sponsor with keynote speakers, to the entertainment or catering of a grand dinner, to the naming of an establishment, program or event. .