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In today's video, Chris Bale from the Sponsorship Collective discusses how to create a sponsorship agreement. He highlights the importance of including five key elements in every sponsorship contract. Before diving into the specifics, he emphasizes the necessity of consulting a lawyer when drafting any legally binding agreement, particularly sponsorship contracts, to ensure all legal aspects are properly addressed. Chris reinforces that sponsorship is fundamentally a marketing discipline and stresses the critical role of legal expertise in the arrangement process. Viewers are encouraged to subscribe for more informative content on sponsorships.