No modification of this Agreement shall be effective unless it is signed in writing and by a party or its authorized representative. Each Party shall sign such Agreement on the date indicated in relation to the signature of that Party. It is then necessary to add additional information describing the important conditions of each sponsorship. This is the essence of your agreement and offers a complete list of specific conditions with the following details: Sponsorship details You know what contribution the sponsor makes and what is promised in return. The degree of participation often varies greatly from sponsor to sponsor, from a company that simply supplies products to a venue, from a sponsor that participates with keynote speakers, entertainment or catering for a large sit down dinner, to the designation of an establishment, program or event. The more complicated the participation, the more important the sponsorship contract becomes. This sponsorship agreement was concluded on the basis of [contract. Date] between the following companies, which together are referred to as “the parties”: [Sender.First Name] [Sender.Last Name] (Sponsor) [Customer.First Name] [Customer.Last Name] (Organizer) This document is a legally binding sponsorship agreement between the parties listed above. If the nature of the sponsorship prize purchased needs to be changed for any reason, the organizer undertakes to inform the sponsor in writing. We have already mentioned the non-competition clause, but that advances exclusivity.
It describes the particularities of your agreement and the exclusive rights to which a particular sponsor may be entitled as a result of the package it has acquired. For example, a sponsor might 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 defines the agreed conditions that impose special rights on a given sponsor. Due to the additional exposure, exclusivity is usually associated with a higher price for sponsors. Be sure to clearly define the types of businesses that your sponsor defines as a competitor, so that there is no confusion as to which companies you will be able to turn to in the future and which ones you will not be able to address in the future. PandaTip: This template has been designed to work for any sponsorship agreement. To add specific details to your event, simply click on one of the text boxes.