Sponsoring sports events is one of the popular activities in the marketing plan of large enterprises. To ensure the interests of the parties when sponsoring and advertising, the parties need to have a specific contract. In this article, the Sports Law Center provides a “Sports sponsorship contract template” for your reference. Please contact a sports lawyer at 0973.444.828 for advice and support on legal issues.
TABLE OF CONTENTS
What is a Sports Sponsorship Contract?
Sports Sponsorship contract is a type of civil contract. A sports sponsorship contract is an agreement between the parties to sponsor a program or event. The contract is signed between the sponsor and the tournament organizer, club, athlete, … on the form of sponsorship, the amount of sponsorship, the specific program… without asking repay or pay interest on the financing.
Regulations on the sports sponsorship contract
About form of the contract
Sponsorship contracts can be made in writing or by specific words or acts. Sponsorship contracts are not required to be in writing and notarized and authenticated at a competent authority.
About content of sport sponsorship contract
The content of the contract includes all the terms that the parties agree to each other. The parties can freely agree with each other on the contents of the sponsorship contract, but these contents need to be consistent with the performance ability of the parties, in accordance with the code of ethics and not contrary to regulations. provisions of the law.
Validity of the contract
Normally, the contract will come into effect at the time of entering into the contract. However, the effective time of the sponsorship contract is also determined by agreement of the parties or determined by law such as:
- An oral contract takes effect from the time the parties have reached an agreement on the main contents of the sports sponsorship contract.
- The written contract is effective at the time the last party signs the sponsorship contract.
- The certified written contract will take effect at the time the sponsorship contract is notarized or authenticated.
The parties can agree on the effective date of the contract to suit the content of the agreed contract.
Sports sponsorship contract template – Contact: 0973.444.828
Detailed sports sponsorship contract template.
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
SPORTS SPONSORSHIP CONTRACT
Number: …….
- Pursuant to the Civil Code of the Socialist Republic of Vietnam 2015.
- Based on the needs and capabilities of the two parties.
Today, day .. month … 20…… We include:
PARTY A: Sponsor: …………………………
Represent: …
Address:…
Phone: …. Fax:…
Tax code:….
Account : …. at the bank…..
PARTY B: Sponsored Party: …………………………
Represent:…..
Address :…
Telephone: Fax:..
Tax code:..
After discussing, the two parties agree to sign the sponsorship contract with the following terms:
ARTICLE I: CONTENTS OF CONTRACT
Party A and B agree to … be the sponsor for ……
ARTICLE II: SPONSORING FUND
Party A agrees to sponsor Party B the VAT-inclusive budget of ….(in words).
ARTICLE III: BENEFITS.
- Rights of Party A.
- Rights of Party B.
ARTICLE IV: RESPONSIBILITIES OF PARTY A AND B:
- Responsibilities of Party A:
– Pay expenses properly and in full to Party B according to the time limit and method specified in Article V of the contract.
– Provide Party B with the sponsor product logo.
– Provide Party B with information about software products and services, business introduction (if any) and advertising (if any).
- Responsibilities of Party B:
Ensure the interests of Party A in Section 1, Article III of the contract.
ARTICLE V: PAYMENT TERMS:
- Payment conditions:
– Party A pays Party B in advance 50% of the total contract value equivalent to ……VND (In words) after signing the contract.
– Party A pays Party B the total remaining contract value, equivalent to ……VND (In words) which will be paid 1 week before the start of the program.
- Payment method:
– Cash or bank transfer….
– Account:…
Account holder :..
Account number:..
- Late payment:
– In case Party A is late in making payment to Party B according to Section 1, Article V of the contract, Party A will have to pay Party B the total amount to be paid plus the amount of late payment calculated at the interest rate for Party B. One-month loan from the State bank is calculated on the number of days of late payment.
ARTICLE VII: GENERAL PROVISIONS:
1. In case of force majeure:
– One or both parties A and B will not be liable for failure to perform the contract because of a force majeure event beyond the control of the parties, provided that a force majeure event has been applied. take all measures to prevent remedial action and notify the other party of the case
2. Breach of contract:
In the event that Party B cannot perform the work agreed in the contract, it is not due to force majeure as mentioned above. Party A will have the right to claim compensation for the amount paid to Party B for the work that Party B does not perform.
In the event that Party A cannot fulfill its commitments as agreed in this program, Party B will have the right not to satisfy Party A’s interests until Party A fulfills its commitments.
If one party violates any of the terms of this contract and the other party has notified a request to terminate the breach or remedy the consequences of the breach but the breaching party fails to perform as requested, the aggrieved party The breaching party may unilaterally terminate the contract and at the same time have the right to demand the breaching party to compensate for all damage caused to the aggrieved party.
3. Other terms:
– Any amendments to this contract must be agreed upon and implemented in writing by both parties.
– This contract comes into effect from the date of signing and will terminate when the performance of the service is completed in accordance with the agreed terms.
Any dispute or disagreement between the two parties during the performance of the contract must be resolved through negotiation and conciliation. If in the process of discussing but not coming to an agreement, they will ask the Court to settle.
– When Party A and B complete the above terms, the two parties proceed to liquidate the contract.
– This contract is made in 04 copies, each party keeps 02 copies with equal legal validity.
REPRESENTATIVE OF PARTY A REPRESENTATIVE OF PARTY B
Above is a sports sponsorship contract template for the case of sponsoring a sports event or tournament. In addition, there are a number of other types of related contracts such as sponsorship contracts for athletes, club sponsorships, etc.
Please contact Sports lawyers directly at: 0973.444.828. for advice and support in drafting sports sponsorship contracts template in each specific case.
Reference article: Sample transfer contract for players and athletes.
Issues affecting the content of sports sponsorship contracts
Sports sponsorship contracts can be signed with the tournament organizer; club; athletes. In addition to the provisions of the law, the content and scope of the sports sponsorship contract may have to be adjusted to be consistent with the rules and regulations of the club or league; or adjusted in accordance with the content of the employment contract of the player and the club. Specifically
Contents of the athlete’s employment contract.
In general, the sponsorship of athletes will be because the sponsor works with the governing body such as a club without having to work directly with the athlete. Therefore, the terms of the employment contract will affect the terms of the sponsorship contract.
For example: Club A receives sponsorship from X unit, but the work content agreed upon by the two parties exceeds the scope of the labor contract signed by the athlete. When this happens, the performance of the sponsorship contract may be affected, so the parties need to consider and evaluate carefully before signing.
Regulations of the sports club
The club’s charter is issued by the club and applied within that unit. All activities of the club and the host unit must comply with this regulation, including the receipt of sponsorship and the development of sponsorship contract terms.
Consulting, drafting sports sponsorship contracts services.
The contract consulting service of the Sports Law Center solves all the problems that clients may encounter in various fields, including:
- Consulting sports law related to the field of contract;
- Risk analysis and appraisal of contracts and agreements before signing, after signing.
- Drafting contracts, reviewing draft contracts and agreements before signing as required.
- Consulting, authorized representatives to participate in negotiations, contract negotiations with partners.
- Procedural legal advice, representatives participating in negotiations, negotiations to represent dispute settlement at court, arbitration.
- Support in translating and interpreting contract documents and related legal documents.
- Other legal consulting services related to contracts.
Sports lawyer service.
Sports dispute resolution attorney.
The Sports Law Center currently has a team of lawyers and experts specializing in consulting and assisting in resolving disputes in sports activities. We are ready to assist you with tasks including:
- Advising on legal provisions on records, order and procedures for settling sports disputes;
- Settlement of sports labor discipline disputes;
- Settlement of disputes for premature termination of sports contracts;
- Advising and assisting in the resolution of disputes over the transfer of professional athletes;
- Consulting, representing and resolving sports injury disputes;
- Protection of property rights to sports tournaments, intellectual property rights; …
Contact a sports lawyer – Sports Law Center
The Sports Law Center currently has its main office located in Ho Chi Minh City. In addition, we also have offices in Hanoi, Ha Tinh, Da Nang, … You can contact a sports lawyer through the following methods for advice and support in each specific case.
- Ho Chi Minh Office: No. 306 Nguyen Van Luong, Ward 16, Go Vap District, Ho Chi Minh City.
- Hanoi office: No. 32 Do Quang, Trung Hoa ward, Cau Giay district, Hanoi.
- Da Nang office: No. 48 Mai Di, Hoa Cuong Bac ward, Hai Chau district, Da Nang.
- Representative in Japan: 581-0019, Osakafu, Yaoshi, Minami, Kozaka aicho 2-1-23-101.
- Email: sportslawcenter.vn@gmail.com
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- Website: sportslawyer.vn
Above is the article of the Sports Law Center about the service “Sports sponsorship contract template”. If you encounter any problems in the process of carrying out this procedure or have a need for a sports lawyer to assist you, you can contact us for advice.
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