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In today's video, Chris Bale from the Sponsorship Collective discusses how to create a sponsorship agreement and outlines five essential elements to include in every sponsorship contract. Before diving into the details, he emphasizes the importance of consulting a lawyer prior to drafting any sponsorship agreements, as it is crucial for legal protection. Chris reiterates that engaging a legal professional is a best practice whenever entering into a legally binding contract. The video aims to provide viewers with the necessary insights to effectively structure their sponsorship contracts while ensuring legal compliance.
