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In today's video, we discuss creating a sponsorship agreement and outline 5 essential elements to include in every sponsorship contract. Chris Bale from the sponsorship collective emphasizes the importance of consulting a lawyer before finalizing any agreements with sponsors. It is crucial to involve legal expertise due to the binding nature of sponsorship contracts. Sponsorship should be seen as a marketing discipline, highlighting the need for legal guidance in this area. Subscribe for more insights on sponsorship agreements.