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In today's video, Chris Bale from the Sponsorship Collective discusses how to create a sponsorship agreement, emphasizing the essential elements to include in every contract. Before diving into specifics, he stresses the importance of consulting a lawyer when drafting any legally binding agreement, particularly in sponsorships. Bale notes that sponsorship is a marketing discipline, and engaging a new sponsor involves critical considerations. He also advises viewers to subscribe and enable notifications for updates on future videos. This foundational legal advice underscores the necessity of legal guidance to ensure effective sponsorship agreements.