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Sponsorship
Contract
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Prepared for:
[Sponsor Name]

Prepared by:
[Sponsee Name]

Sponsorship Contract

This Sponsorship Contract (the "Contract") is made and entered on [Effective Date] (the "Effective Date"),

By and Between,

[Sponsor Name] (the "Sponsor"), having its principal place of business at [Address], and;

[Sponsee Name] (the "Sponsee"), having its principal place of business at [Address].

Both the Sponsor and the Sponsee shall be collectively referred to as "Parties" and individually as "Party".

WHEREAS the Sponsee is organizing a/an [type of event] event on [Event Date] at [Event Venue] (the "Event");

WHEREAS the Sponsor agrees to sponsor the Event and provide financial support to the Sponsee by paying $[0.00] (the "Sponsorship Fee") in exchange for certain rights to be granted in connection with the Event.
WHEREAS the Sponsor, in exchange for the aforesaid sponsorship fee, grants rights to the Sponsee to use the Sponsor's intellectual property such as [Mention list of intellectual property];
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the Parties hereby agree as follows:
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Terms and Conditions

1. Background

The Sponsee is in requirement of a sponsorship fee for [Mention the purpose in detail], and in exchange for the fee received, shall provide the Sponsor certain exclusive rights such as [Mention the exclusive rights such as display of trademarks/logo/other intellectual property]. Furthermore, the Sponsee shall also receive certain exclusive rights of the Sponsor such as [Display of trademarks/logo/other intellectual property]. This strategic alliance will [Mention the discussed benefits out of the sponsorship]. Attached herein are the sponsorship plan and sponsorship packages offered by the sponsee - [Mention sponsorship plan details]
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2. Sponsor's Obligations

The Sponsor hereby agrees to fulfill these outlined obligations as follows:
  1. Payment of the sponsorship fee in a timely manner
  1. Provide Intellectual property authorization to the sponsee
  1. Define the do's and don'ts of its intellectual property usage to the sponsee
  1. Support the sponsee in their [Mention purpose]
  1. [Add more such obligations/rights]

3. Sponsee's Obligations

The Sponsee hereby agrees to fulfill these obligations as follows:
  1. Display of Sponsor's intellectual property only after getting due authorization from the Sponsor
  1. Grant exclusive rights to the Sponsor as mentioned in the Contract;
  1. Execute the sponsorship plan/package discussed and offered in a systematic manner
  1. [Add more obligations]

4. Payment

The sponsorship fee for the [Mention type] sponsorship package shall be a total amount of $ [0.00]. The payment shall be made in [Mention no. of instalments] instalments, wherein each instalment the sponsor shall be paying the sponsee $[0.00]. The schedule for the payment will be [Mention schedule]. The mode of payment shall be [Cash/cheque/bank transfer] or any other mode as agreed by the Parties.

5. Intellectual Property

The Sponsor acknowledges that the Sponsee will have exclusive rights to display and use the Sponsor's [Products/Services] as per the sponsorship plan, upon due authorization from the sponsor.

6. Representations and Warranties

  1. Both the Parties have legal authority to enter and fully perform this Contract;
  1. The Sponsor's [Trademarks/logo] does not breach the trademarks of any other Parties;
  1. Both the Parties have all the necessary licenses, permits to perform the services;
  1. The Sponsee shall comply with all the applicable laws, regulations regarding [Mention the Purpose];
  1. The Sponsee warrants that it shall provide services and meet its obligations under this Contract in a timely and efficient manner.

7. Indemnification

The Sponsee agrees to indemnify and hold harmless the Sponsor, its respective affiliates, employees, and permitted successors and assigns against any losses, claims, damages, penalties, liabilities, punitive damages, expenses, reasonable legal fees of whatsoever kind or amount, which result from the negligence of or breach of this Contract by the indemnifying party even after the services have been rendered.

8. Confidentiality

During the term of this Contract, the Sponsee shall share discrete information related to the [Mention purpose] which includes but is not limited to sponsorship plan, packages, products, etc. The sponsor shall also share details and reports regarding their intellectual property to the sponsee. Such information shall be considered confidential, and both Parties shall not disclose any of the shared information, at any time to third parties, without the written consent of the concerned Party.

9. Term

This Contract shall become effective as on the [Effective Date] and will continue until the target sponsorship plan is completed by the Sponsee. The Contract shall remain in effect for a period of [Time Period] and will be terminated on decided termination date [Date] unless otherwise terminated before the completion of the term due to the breach of any of the terms of the Contract.

10. Termination

This Contract may be terminated by either Party as follows:

  1. Upon [Number of Days] days prior written notice to the other party, from the stipulated termination date of the Contract, with or without cause;
  1. Upon the breach of any terms mentioned herein the Contract;
  1. Upon completion of the services by the Sponsee.

11. Limitation of Liability

The sponsorship services under this Contract shall be performed entirely at the risk of the Sponsee after the Sponsor agrees to support the plan. Furthermore, the Sponsee assumes all responsibility for the service execution.

Note: The Sponsee shall not be liable for any indirect, incidental, special, and consequential damages arising out of this Contract.

12. Non-Waiver

No delay or failure by either party to perform their obligations under this Contract, and no partial or single performance of the obligations contained herein, shall constitute a waiver of that or any other terms and conditions under this Contract.

13. Relationship of Parties

Neither Party in the execution of this Contract shall establish any partnership, joint venture, or employment relationship; and furthermore, the Sponsee herein is an independent contractor.

14. Insurance

Both Parties shall maintain and declare their insurance coverage policies for reference purposes. The insurance shall act as evidence, that all such coverages do exist in full force. If the insurance expires before the expiration of the Contract, the concerned Party shall provide the new insurance policy which shall include the new coverage plan within [Number of days] days from the date of expiration of the previous insurance.

15. Arbitration

In the event of any dispute arising in and out of this Contract between the Parties, it shall be resolved by Arbitration. There shall be [Number of Arbitrators] which shall be appointed by [Party(s) Name]. The place of Arbitration shall be [Venue of Arbitration] and Seat shall be [State]. The Arbitrators’ decision shall be final and will be binding upon both Parties.

16. Miscellaneous

  1. Assignability: Neither Party may assign this Contract or the rights and obligations thereunder to any third party without the prior express written approval of the other Party which shall not be unreasonably withheld.
  1. Notices: Any notice required or permitted by this Contract shall be in writing and delivered by certified mail or courier to the mentioned addresses of the Parties respectively. The Party sending the notice shall bear the cost incurred.
  1. Force Majeure: Neither Party shall be liable for any failure in performance of the obligations under this Contract due to cause beyond that Party's reasonable control (including and not limited to any pandemic, fire, strike, act or order of public authority, and other acts of God) during the pendency of such event.
  1. Modification: No modification of this Contract shall be made unless in writing, signed by both Parties.
  1. Severability: If any term, clause, or provision hereof is held invalid or unenforceable by a court of competent jurisdiction, all other terms will remain in full force and effect, until the contract termination.
  1. Governing Law and Jurisdiction: This Contract shall be governed following the laws of the [State/Court/Region]. If the disputes are not resolved by arbitration, it shall be resolved by litigation in the courts of the [State/Court/Region] including the federal courts therein. The Parties consent to the jurisdiction of such courts and agree to accept service of process by mail and hereby waive any jurisdictional or venue defences otherwise available to it.
  1. Entire Contract: This Contract constitutes the entire understanding of the Parties, and revokes and supersedes all prior contracts between the Parties, and is intended as a final expression of their Contract. It shall not be modified or amended except in writing signed by the Parties hereto and specifically referring to this Contract. This Contract shall take precedence over any other documents which may conflict with this Contract.

Acceptance and Signature

The Parties signing this Contract represent and warrant that they are duly authorized and have the legal capacity to execute and deliver this Contract. 
[Sponsor Name]

[Sponsee Name]
Signature
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