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In this video, Chris Bale discusses the importance of creating a sponsorship agreement and highlights the five key things that should be included in every sponsorship contract. He emphasizes the crucial step of consulting with a lawyer before finalizing any agreement to ensure legal compliance. Bale stresses the significance of involving legal counsel in sponsorship agreements due to their binding nature. He also mentions that sponsorship is a marketing discipline that requires careful consideration and planning when engaging with sponsors. Be sure to subscribe to receive updates on future videos.