Sponsorship Agreement where the Sponsor has agreed to sponsor the event and pays the sponsorship fee as a contribution to the cost in a fixed amount.
This Sponsorship Agreement concerns the grant of sponsorship rights, the event holder’s obligations, the period and duration of the agreement, the extension to the term of the agreement, the conditions of use of banners and event logos and the conditions and consequences of terminating the agreement.
The Sponsorship Agreement shall grant the Sponsor several rights, license and opportunities that have been outlined as content in the agreement, such as exclusive rights to forming promotion plans, right to be acknowledged, right to have the Sponsor’s name displayed at appropriate places, etc. Moreover, the Event Holder shall be prohibited from granting such rights to any other party. But upon approval of the Sponsor, the Event Holder may grant a title of “Official Supplier” to any party who have supplied specified goods or services that do not compete with the Sponsor. All costs in the Event shall be borne by the Sponsor.
The Event holder shall in return, make sure that additional promotion opportunities shall be made available to the Sponsor from time to time as the programme for the Event develops. The amount, manner of payment, relevant taxes and non-performance of the sponsorship fee have been stated in the agreement. Moreover, the period of payment and the possibility of extension of the term have also been included as provisions in the Sponsorship Agreement. Regarding the use of Event Logo, the Event Holder warrants to the Sponsor that it owns and/or is entitled to use the Event Logos and to authorise their use in connection with the Event and undertakes to indemnify the Sponsor in respect of any action that may be brought against the Sponsor arising out of the use by the Sponsor of the Event Logos as authorised under the terms of this Sponsorship Agreement.
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