This Sponsorship Agreement was entered into at the time of [Agreement.Date] between the following companies, collectively referred to as “the Parties”: [Sender.FirstName] [Sender.LastName] (Sponsor) [Client.FirstName] [Client.LastName] (Promoter) This document is a legally binding sponsorship agreement between the parties listed above. A referral agreement is a document through which a sponsor (it is usually a company) offers an influencer (it is usually a person) the opportunity to obtain funds by promoting the sponsor`s business. There are two main types of referral agreements: (1) those where the influencer promotes the sponsor`s goods or services and in return receives a commission or fee per product sold, and (2) those where the sponsor provides a fixed amount of money to the influencer and receives advertising or promotion in return. The purchased referral package is not transferable for any reason. If the Sponsor is unable to meet the financial requirements of this Agreement, the Sponsor agrees to notify the Organizer in writing in a timely manner so that the Promoter can find another suitable Sponsor. This Referral Agreement is between an Individuala(n) (the “Promoter”) and a person (n) (the “Sponsor”). 2.1. Unless otherwise specified in the Sponsorship Agreement, the Sponsor shall immediately after the conclusion and delivery of the Sponsorship Agreement pay the Sponsorship Costs to the Company, as set out in the Sponsorship Agreement, by cheque or transfer of immediately available funds. The last thing you want is for a sponsor to give up at the last minute. You also want to be able to walk away from a sponsor if you discover something that conflicts with your ethics or brand.

Therefore, you need to make sure that your agreement describes in detail how your relationship can be terminated and what penalties apply to both parties. The most important details for a termination would be how much termination is required and how much termination will cost. Sponsors usually insist on a clause that explains what is expected if your event does not bring the benefits you advertise, or if an event is cancelled or you do not meet certain criteria. Statements that allow for reimbursement are often requested by promoters to ensure they get what they pay for. This is often a percentage of the funds they paid, but depending on the severity of the problem, a full refund may be included. 8.2 This Agreement shall be governed by and construed in accordance with the laws of the State [Name of State] applicable to agreements entered into and to be performed in full in that State. 13.1. Mediation. If a claim, controversy or dispute arises or exists between the parties or in connection with the interpretation or performance of the Sponsorship Agreement (hereinafter “Agreement”), either party may require the other party to provide reasons for its position(s) in writing, and then enter into negotiations in good faith to attempt to resolve the dispute.

If such disagreement cannot be resolved by negotiation in good faith within thirty (30) days, either party may elect in writing to submit the dispute to mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association. If one Contracting Party so wishes, the other Contracting Party shall submit to mediation. The Mediator will be chosen by the Company`s external consultant, if any, or, if the Company does not have an external consultant, by its auditor within ten (10) days of written notification of the election. Such mediation shall take place within twenty (20) miles of Ann Arbor, Michigan, unless otherwise agreed. The mediator does not have the power to impose a settlement, but strives to help the parties reach a satisfactory solution to the dispute. In the event of (a) termination of mediation by the mediator without mutually satisfactory resolution of the dispute, or (b) termination of mediation by either party after thirty (30) days after the mediator`s engagement, the parties will proceed to binding arbitration as set forth below. The mediator shall terminate the mediation if, in his or her reasonable discretion, additional mediation efforts do not contribute to the resolution of the dispute. Anything not expressly addressed in the terms of this Referral Agreement is subject to the contractual laws of [Promoter.State]. This is where the parties enter the simplest but most important information: identify the details of the sponsor and influencer, what type of sponsorship, payment details, and details of what the influencer needs to do. .