Nursing Home Sponsorship Agreement

This Nursing Home Sponsorship Agreement (hereinafter referred to as the "Agreement") is made and entered into on this day of [DATE], by and between [YOUR COMPANY NAME], a [insert legal form of the entity, e.g., corporation, LLC, etc.] organized and existing under the laws of [State/Country of Incorporation], with its principal place of business located at [Your Company Address] (hereinafter referred to as the "Nursing Home"), and [SPONSOR NAME], a [insert legal form of the entity] organized and existing under the laws of [State/Country of Incorporation], with its principal place of business located at [Sponsor Address] (hereinafter referred to as the "Sponsor").

ARTICLE 1: DEFINITIONS AND INTERPRETATIONS

1.1 Definitions: For the purposes of this Agreement, the following terms shall have the following meanings:

• "Event" means [describe the event or series of events].

• "Sponsorship Fee" means the total amount payable by the Sponsor to the Nursing Home under this Agreement.

• "Sponsorship Benefits" means the benefits that the Nursing Home agrees to provide to the Sponsor as outlined in Article 4.

1.2 Interpretation: Unless the context otherwise requires, references to Articles and Sections mean the articles and sections of this Agreement; the terms "hereof," "herein," "hereby," "hereto," and derivative or similar words refer to this entire Agreement; and the word "including" means "including without limitation."

ARTICLE 2: SPONSORSHIP GRANT

2.1 Grant of Rights: The Nursing Home hereby grants to the Sponsor the right to be the [specify level, e.g., "Gold," "Silver," "Bronze"] sponsor of the Event, subject to the terms and conditions of this Agreement.

2.2 Exclusivity: [If applicable, include any exclusivity terms, e.g., "The Sponsorship granted herein is exclusive in the category of [Sponsor’s business category], and the Nursing Home agrees not to accept any other sponsors from this category for the duration of the Event."]

ARTICLE 3: TERM AND TERMINATION

3.1 Term: This Agreement shall commence on the Effective Date and shall continue in effect until [termination date or condition], unless terminated earlier according to the provisions of this Article.

3.2 Termination for Cause: Either party may terminate this Agreement with immediate effect by giving written notice to the other party if:

• The other party breaches any material obligation under this Agreement and fails to cure such breach within [number] days after receipt of the notice.

• The other party becomes insolvent, files for bankruptcy, or enters into liquidation or dissolution.

3.3 Consequences of Termination: Upon termination, all rights and obligations of both parties cease immediately, except that obligations that by their nature are intended to survive termination shall continue in full effect.

ARTICLE 4: SPONSORSHIP FEE AND PAYMENT TERMS

4.1 Sponsorship Fee: The Sponsor agrees to pay the Nursing Home a Sponsorship Fee of [amount], payable in accordance with the payment schedule set forth in Annex A to this Agreement.

4.2 Payment Terms: The Sponsor shall make payment of the Sponsorship Fee by [specify payment methods, e.g., bank transfer, check] to the account specified by the Nursing Home. Any late payments shall be subject to late payment fees at the rate of [percentage] per month.

ARTICLE 5: SPONSORSHIP BENEFITS

5.1 Benefits to the Sponsor: In consideration for the Sponsorship Fee, the Nursing Home agrees to provide the Sponsor with the following benefits:

• Logo placement in all event-related marketing materials, including flyers, posters, emails, and social media posts.

• Speaking Opportunities: The Sponsor will be given the opportunity to speak at the Event, either during the opening or closing ceremonies, for a duration of [specify duration, e.g., 10-15 minutes]. This will allow the Sponsor to directly communicate with attendees, share their vision, commitment to the community, and the importance of supporting the nursing home.

• Exhibition Space: The Sponsor will be provided with a designated space to set up an exhibition booth during the Event. This space will be strategically located to maximize visitor engagement. The size and specific location of the exhibition space will be determined by the Nursing Home in consultation with the Sponsor.

• VIP Access: The Sponsor will receive [specify number] VIP passes for exclusive access to the Event, including any VIP areas, meet-and-greet opportunities with key figures, and other special activities planned as part of the Event.

• Recognition in Event Press Releases: The Sponsor's contribution will be prominently acknowledged in all press releases and media communications related to the Event. This includes quotations from, and potentially an interview with, a representative of the Sponsor, subject to their availability.

• Customized Content: The Sponsor will have the opportunity to collaborate with the Nursing Home to create customized content, such as featured articles or interviews, that will be shared on the Nursing Home's website, social media channels, and in the Event's official program.

• Feedback and Engagement Reports: Post-Event, the Sponsor will receive a detailed report including feedback from attendees, engagement statistics for social media posts mentioning the Sponsor, and an overview of the coverage and impact of the Sponsor's participation.

• Option to Renew: The Sponsor will have the first option to renew their sponsorship for the next Event at the current terms before any new sponsorship offers are extended to other parties.

5.2 Delivery of Benefits: The Nursing Home agrees to deliver the Sponsorship Benefits to the Sponsor no later than [timeframe] prior to the Event.

ARTICLE 6: CONFIDENTIALITY

6.1 Each party agrees to keep confidential all non-public information disclosed by the other party in connection with this Agreement and to use such information solely for the purposes of fulfilling its obligations under this Agreement.

ARTICLE 7: INDEMNIFICATION

7.1 Each party agrees to indemnify, defend, and hold harmless the other party and its directors, officers, employees, and agents from and against any and all claims, damages, liabilities, costs, and expenses arising from its breach of this Agreement.

ARTICLE 8: GENERAL PROVISIONS

8.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [jurisdiction].

8.2 Dispute Resolution: Any disputes arising out of or related to this Agreement shall be resolved first through amicable negotiation. If unresolved, disputes shall be submitted to arbitration under the rules of [arbitration body], whose decision shall be final and binding.

8.3 Entire Agreement: This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral.

8.4 Amendment: No amendment to this Agreement shall be effective unless it is in writing and signed by both parties.

8.5 Notices: Any notices required or permitted to be given hereunder shall be in writing and shall be deemed to have been duly given if sent by [specify method, e.g., registered mail, email] to the addresses specified above.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date first above written.

[YOUR COMPANY NAME]

Signature:

Name:                               

[Name of Signatory]
Title:                               

[Title of Signatory]
Date:                               

[Date]

[SPONSOR NAME]

Signature:

Name:                               

[Name of Signatory]
Title:                               

[Title of Signatory]
Date:                               

[Date]

ANNEX A: PAYMENT SCHEDULE AND DETAILS

SPONSORSHIP FEE

The total Sponsorship Fee agreed upon by the Nursing Home and the Sponsor is [Specify Amount in Words and Figures], payable according to the following schedule:

1. Initial Deposit: An initial deposit of [Specify Amount], constituting [Specify Percentage]% of the total Sponsorship Fee, is due upon the execution of this Agreement, no later than [Specify Date].

2. Interim Payment: An interim payment of [Specify Amount], constituting [Specify Percentage]% of the total Sponsorship Fee, is due no later than [Specify Date], prior to the commencement of the Event.

3. Final Payment: The final payment, covering the remaining balance of the Sponsorship Fee, is due no later than [Specify Date], following the successful completion of the Event.

ADDITIONAL DETAILS

• Payment Method: All payments shall be made in [Specify Currency], via [bank transfer, check, etc.], to the Nursing Home's bank account, details of which are provided below:

  • Bank Name:                               

  • Account Name:                               

  • Account Number:                               

  • Routing Number/SWIFT Code:                               
    

• Late Payment: In the event of late payment, a late fee of [Specify Percentage]% per month on the overdue amount will be charged, accruing daily from the due date until the payment is received in full.

• Acknowledgment of Payment: Upon receipt of each payment, the Nursing Home will provide the Sponsor with a written acknowledgment and update the payment record in this Agreement.

This Annex is subject to the terms and conditions of the main Nursing Home Sponsorship Agreement and is binding upon both the Nursing Home and the Sponsor.

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