SPONSOR AGREEMENT

SPONSOR AGREEMENT

This SPONSOR AGREEMENT (‘’this Agreement’’) is entered into between [BUSINESS NAME] of address [ADDRESS] (“Company”) and [NAME OF SPONSOR(s)] of address [ADDRESS] (“Sponsor”) on [DATE] (herein the “effective date”).

Whereas, the business mentioned herein does promotions specifically for black owned businesses;

NOW, THEREFORE, in consideration of the premises, and of the mutual promises and undertakings herein contained, the parties, intending to be legally bound, do agree as follows:

1. THE AGREEMENT

The parties to this agreement agree as follows:

1. The Sponsor herein agrees to sponsor the Company business according to the terms of this agreement.
   1. The Company accepts the sponsorship according to the terms of this agreement.
   1. The Sponsor agrees to cover advertising expenses as well as listing of services provided.
2. TERM
   1. This Agreement shall be operative from the date of execution of this Agreement (effective date) and shall run until ________________________.
   1. This contract can be renewed. Upon renewal of the contract, the terms may be subjected to change.
3. CONSIDERATION
   1. As consideration, the Sponsor herein agrees to pay $___________________ on or before __________________ (date).
   1. The payment shall be made in full.
4. CONFIDENTIALITY
   Neither Party will use, copy, adapt, alter or part with possession of any information of the other which is disclosed or otherwise comes into its possession under or in relation to this Agreement and which is of a confidential nature. This obligation will not apply to information which the recipient can prove was in its possession at the date it was received or obtained or which the recipient obtains from some other person with good legal title to it or which is in or comes into the public domain otherwise than through the default or negligence of the recipient or which is independently developed by or for the recipient.
5. TERMINATION
   1. Either Party to this Agreement may terminate this Agreement upon a written notice of termination to the other Party.
   1. Unless otherwise mutually agreed to in writing, upon the termination of this Agreement, any arrangement tied to this agreement then in effect will immediately terminate.
   1. If either party misrepresents the other party negatively, this agreement shall be terminated and the aggrieved party may seek redress.
   1.  Violation of any part of this agreement shall immediately terminate this agreement.
   1. In the event where a dispute arises and the parties fail to amicably resolve the dispute, this agreement may be terminated as a result.
6. ENTIRETY

This contract represents the entire agreement between the two parties and supersedes any previous written or oral agreement. This agreement may be modified at any time, provided there is written consent of both parties to this contract.

• SEVERABILITY

The parties agree that if any portion of this contract is found to be void or unenforceable, it shall be struck from the record and the remaining provisions will retain their full force and effect.

• JURISDICTION

This contract shall be governed, interpreted, and construed in accordance with the laws of [state]

In Witness Whereof, this Agreement is duly executed by the duly authorized representatives of the parties as set forth below:

___________________________________ ___________________________

Sponsor’s Official Signature Date

___________________________________ ___________________________

Company Official Signature Date

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