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In today's video, Chris Bale from the Sponsorship Collective discusses how to create a sponsorship agreement and outlines five essential elements to include in every sponsorship contract. Before diving into the specifics, he emphasizes the importance of consulting a lawyer when drafting any legally binding contract, particularly sponsorship agreements, to ensure legal protections and clarity. He also reiterates that sponsorship is a marketing discipline, highlighting its significance when engaging new sponsors. Viewers are encouraged to subscribe and click the bell icon for updates on future videos.