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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
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.
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.
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.
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:
The parties can agree on the effective date of the contract to suit the content of the agreed contract.
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
Number: …….
Today, day .. month … 20…… We include:
Represent: …
Address:…
Phone: …. Fax:…
Tax code:….
Account : …. at the bank…..
Represent:…..
Address :…
Telephone: Fax:..
Tax code:..
After discussing, the two parties agree to sign the sponsorship contract with the following terms:
Party A and B agree to … be the sponsor for ……
Party A agrees to sponsor Party B the VAT-inclusive budget of ….(in words).
– 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).
Ensure the interests of Party A in Section 1, Article III of the contract.
– 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.
– Cash or bank transfer….
– Account:…
Account holder :..
Account number:..
– 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.
– 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
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.
– 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.
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
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.
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.
The contract consulting service of the Sports Law Center solves all the problems that clients may encounter in various fields, including:
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:
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.
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.
Best regards!
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