A Sponsorship Agreement (or contract) governs the legal relationship between a Sponsor and those entitled to enforce the Sponsorship obligation. It has a number of terms and conditions agreeing a service (or services) in return for a fee.
Typical issues that arise under a Sponsorship Agreement are:
- The definition of benefits to the sponsor
- Any payments due under the contract
- The circumstances in which trademarks/logos of the Sponsor should be used/displayed
- The rights of each party, including termination clauses
As a president or Treasurer of a Club or Society, you are responsible for working with your Sponsor (once it has been approved by the Union) to draw up this agreement. To help you get started, here is a Sponsorship Agreement Template you can use.
REMEMBER...DO NOT SIGN THE CONTRACT YOURSELF.