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This video tutorial discusses creating a sponsorship agreement and outlines the five key elements to include in every sponsorship contract. It emphasizes the importance of consulting with a lawyer before finalizing any agreement with sponsors to ensure legal protection. The speaker, Chris Bale from the sponsorship collective, highlights the critical role of legal counsel in crafting sponsorship agreements, emphasizing the need to involve your legal team or outside counsel in the process. It stresses the significance of understanding that sponsorship is a marketing discipline and the necessity of legal guidance in creating legally binding contracts with sponsors.
