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In today's video, Chris Bale from the Sponsorship Collective discusses how to create a sponsorship agreement, emphasizing five essential elements to include in every sponsorship contract. He urges viewers to consult a lawyer before drafting any agreements to ensure legal considerations are addressed, highlighting the importance of legal counsel in the sponsorship process. Bale reiterates that sponsorship is a marketing discipline and stresses the critical nature of involving legal expertise when engaging sponsors. For updates on more such tutorials, viewers are encouraged to subscribe and click the notification bell.