Sponsorhip Agreement

This sponsorship agreement (hereinafter the “Agreement”) is concluded between:

___, registry code ___, address: ___, email: ___ (hereinafter the “Sponsor“); and

___, registry code ___, address: ___, email: ___ (hereinafter the “Club“);

a party hereinafter also referred to as “Party” and jointly as “Parties”, in the following.

1. SPONSORSHIP
1.1. The Sponsor shall pay the Club 5000 (five thousand) euros (the “Contribution”) to support the Club’s activities in managing and training a team of cricket players, participating in sporting events and competitions, and developing the game of cricket (hereinafter the “Purpose”).
1.2. The Sponsor shall pay the Contribution to the Club’s bank account (specified separately by the Club) no later than by the 5th (fifth) banking day as of the signing of the Agreement by both Parties.
1.3. The Club warrants that the Contribution will only be used for the Purpose defined in this Agreement and not for any other purpose.

2. PERKS
2.1. In return for providing the Contribution the Sponsor is entitled to the following benefits (hereinafter the “Perks”):

2.1.1. the Sponsor has a unilateral right to determine, which brand or product (including a brand or product owned by a third party, hereinafter the “Brand”) shall be promoted as the sponsor of the Club within the Perks. The Sponsor has the right to change the Brand, but there can be only one Brand being promoted at one time;
2.1.2. the Club will announce the Brand as the Club’s sponsor in all online media channels being used for the marketing of the Club;
2.1.3. the Club will publish the Brand’s hashtag in all of its online media posts. The Sponsor has the unilateral right to select and/or change the hashtag;
2.1.4. the Sponsor has the right to use the images and photographs owned by the Club or containing the symbols (logos etc.) or players/members/employees of the Club in Sponsor’s marketing materials and channels (social media etc.).
2.1.5. the Sponsor is entitled to produce marketing materials (including photoshoots) involving Club’s symbols and players/members/employees. The Club is obligated to use its best efforts to persuade players/members/employees of the Club to participate in these photoshoots or other marketing related events.

3. CLUB’S RESPONSIBILITIES
3.1. In the event that Sponsor is found to be liable for any income tax, VAT or any other tax, fines, interest and/or penalties arising in respect of the Contribution (the “Excess Tax”) the Club indemnifies and agrees to keep indemnified the Sponsor in respect of such Excess Tax. The Club undertakes to pay immediately to Sponsor on demand the Excess Tax to the extent that Sponsor’s liability for the Excess Tax has not already been settled directly by the Club.

4. CONFIDENTIALITY
4.1. The Parties shall not disclose to any third party any information acquired by them from the other Party in connection with this Agreement. This obligation shall not apply in respect of any confidential information which is in the public domain, or which is known to either Party other than as a result of this Agreement, or which is supplied by a third party who has the free right to disclose such information. This clause shall not apply in circumstances where provision of the information is to be disclosed by either Party where required to do so by law.

5. FINAL PROVISIONS
5.1. The Agreement enters into force after signing by both Parties and is valid for 1 (one) year as of the date of signing by both Parties.
5.2. Any notices or other communications required under this Agreement shall be sent to the Parties at the email addresses specified in the preambular of this Agreement, or as otherwise notified by either Party to the other Party from time to time.
5.3. If any provision of this Agreement is or becomes illegal, void, or invalid, that provision shall not affect the legality and validity of its other provisions.
5.4. The Parties shall accept the exclusive jurisdiction of the ___ courts and agree that this Agreement is to be governed and construed according to ___ Law.

6. SIGNATURES
6.1. To confirm the above, the parties have signed this Agreement either digitally or by hand as follows:

Sponsor

Signature   ___________________________________________________

Title            ___________________________________________________

Date            ___________________________________________________

Club

Signature   ___________________________________________________

Title            ___________________________________________________

Date            ___________________________________________________