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A formal Sponsorship Agreement governs the legal relationship between a Sponsor and the person/party to be sponsored and it is necessary in order to protect the interests of both parties.
Sponsorship is a cash and/or in-kind fee paid to a person or organization. For example, a corporation/company may provide equipment for a famous athlete or sports team in exchange for brand recognition. The Sponsor earns popularity this way while the Sponsored can earn a lot of money. Thus, Sponsorship is a crucial element of many businesses' marketing strategies since it has a direct commercial benefit to a company's product, corporate brand or image as a result of the sponsorship.
This Sponsorship Agreement - Sponsor a Person template shall be used to sponsor a person instead of a company, a club, a team or an event. It provides the framework to cover a variety of sponsorship deals. Basically, this Sponsorship Agreement involves the payment of a sponsorship fee in consideration for the receipt of specified publicity-related benefits.
To sponsor a team or event please use Sponsorship Agreement - Sponsor a Team or Event.
The Sponsorship Agreement - Sponsor a Person contains the following clauses:
SCHEDULE
This Sponsorship Agreement - Sponsor a Person Template is in Microsoft Word format, written in plain English, easy to use and edit.
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