Easily Replace Payment Field in the Sponsorship Agreement

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the exclusivity clause in a sponsorship agreement?

Exclusivity Clause Under an exclusivity clause, the sponsored party agrees not to include products, services, or promotional material from the sponsors competitors. It may be important to specify what constitutes competition in your event.

How do you ask for a sponsorship payment?

To obtain a corporate sponsorship, make sure you do the following: Choose companies with values more aligned to yours. Give something back to them. Have a strong, clear, engaging proposal. Dont wait until right before your event to ask for a sponsorship. If you know how much money you need, ask for it outright.

What is category exclusivity in sponsorship?

Specifically, category exclusivity is a policy that selects only one sponsor within its product or service category. Based on this policy, Coke and Pepsi for example, cannot be the sponsor of OPG at the same time.

How do you ask sponsors to sponsor again?

Send a renewal letter first with your sponsorship packet. Send it to all of last years event sponsors and even go back a few years. Remind them of their sponsorship last year and in years past. Ask for an upgraded sponsorship.

What should be included in a sponsorship agreement?

A sponsorship agreement should include the length of the agreement, an exclusivity clause, payment calculation and method, the sponsor benefits, intellectual property rights and termination conditions.

What is the exclusivity clause in an agreement?

An exclusivity clause is an agreement between at least two parties where one party will purchase goods exclusively from another. This ensures that the seller is the only party providing the other with the goods outlined in the agreement.

How do you negotiate a sponsorship price?

6 Critical Strategies for Sponsorship Negotiation Target markets come first. The most important party to the negotiation is the target markets the fans, customers, etc but they are the only party not at the table. Keep it in your pants. Be open-minded. Be generous. Consider contra. Be realistic. Need more assistance?

What are the key clauses in sponsorship agreement?

That said, the basics of a sponsorship agreement often include: The date the parties enter into the agreement. The names and addresses of the sponsor and rights holder/property. The start and end date the agreement. Terms regarding the right of renewal/right of first refusal.

What is the purpose of the exclusivity clause?

An exclusivity clause grants exclusive distribution rights, exclusive licenses and other exclusive rights. It can also be an obligation to purchase all of a partys requirements for a product or service from the other party and prohibitions against selling products or services to competitors.

What should I offer in return for sponsorship?

Some examples of sponsor ROI for an in person event might include: Logos on printed materials like programs, banners and signage. A booth space where to sell products or advertise services. Names read during announcements. Branded swag (pencils, sunglasses, magnets, etc) distributed in event bags. Logos on event t shirt.

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Replace Payment Field in the Sponsorship Agreement