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In this video tutorial, Chris Bale from the sponsorship collective discusses the importance of creating a sponsorship agreement and outlines the five key things to include in every sponsorship contract. He emphasizes the significance of consulting with a lawyer before finalizing any agreement to ensure all legal aspects are properly addressed. It's crucial to involve legal counsel when creating sponsorship agreements due to the binding nature of the contract. Sponsorship is classified as a marketing discipline, hence the necessity for legal guidance in negotiating sponsorship deals.
