Sales Sponsorship Agreement
Sales Sponsorship Agreement
This Sales Sponsorship Agreement ("Agreement") is entered into on [Month-Day-Year], ("Effective Date"), by and between the following parties:
Sponsor
Name: [Your Company Name]
Address: [Your Company Address]
Representative: [Your Name]
Title: [Job Title]
Sponsored Entity
Name: [Your Partner Company Name / Second Party]
Address: [Your Partner Company Name / Second Party Address]
Representative: [Name]
Title: [Job Title]
WHEREAS, the Sponsor wishes to provide sponsorship to the Sponsored Entity, and the Sponsored Entity agrees to accept such sponsorship under the terms and conditions set forth in this Agreement.
I. Scope Of Agreement
The Sponsorship shall encompass the following:
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Product Launch Promotion: The Sponsor agrees to support the marketing and promotion of Sponsored Entity’s new product, [Product Name], through various channels and activities.
II. Term And Termination
This Agreement shall commence on [Month-Day-Year], and shall remain in effect until [Month-Day-Year], unless terminated earlier. The Agreement may be renewed upon mutual written agreement of both parties. Either party may terminate this Agreement with written notice of thirty (30) days in case of a material breach by the other party.
III. Sponsorship Benefits
In consideration for the Sponsorship, the Sponsored Entity agrees to provide the following benefits to the Sponsor:
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Branding: The Sponsor will prominently feature the Sponsored Entity’s logo and branding on all marketing materials related to the [Product Name] product launch.
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Exclusive Access: The Sponsor shall have exclusive access to the [Product Name] product for a period of ninety (90) days for potential integration with their own solutions.
IV. Obligations And Responsibilities
Both parties agree to the following obligations:
For the Sponsor
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The Sponsor will allocate a budget of fifty thousand (50,000) dollars for marketing activities related to the [Product Name] product launch.
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The Sponsor will work closely with the Sponsored Entity to ensure successful integration of [Product Name] with their technology stack.
For the Sponsored Entity
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The Sponsored Entity will actively promote the [Product Name] product through their marketing channels and at industry events.
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The Sponsored Entity will provide necessary support and training to the Sponsor for the integration of [Product Name].
V. Compensation
In consideration for the Sponsorship benefits provided, the Sponsor shall compensate the Sponsored Entity with a payment of twenty-five thousand (25,000) dollars, to be made within thirty (30) days of the Effective Date.
VI. Confidentiality
Both parties involved in this Sponsorship have mutually agreed to ensure the maintenance of confidentiality with regard to any sensitive or proprietary information that might be shared or exchanged between them throughout the duration of their involvement in this Sponsorship.
VII. Indemnification And Liability
The parties involved in this agreement have mutually consented to provide each other with financial or legal assistance in the event of any legal disputes that might arise. This also includes an understanding that they will jointly shoulder the expenses incurred from defending themselves in such legal controversies.
VIII. Governing Law
This Agreement, in all respects, shall be subject to governance and interpretation in coherence with the laws that are currently established and practiced within the confines of the State of [Jurisdiction].
IX. Amendments And Waivers
Any changes or waivers that pertain to this Agreement won't be considered as valid unless they are made in written form and signed by representatives who have been given proper authorization from both parties involved.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
Sponsor Signature:
[Your Name]
[Job Title]
[Your Company Name]
[Month-Day-Year]
Sponsored Entity:
[Name]
[Job Title]
[Your Partner Company Name / Second Party]
[Month-Day-Year]
