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An Event Sponsorship Agreement is a document that is used when a person or organization (the "sponsor") will sponsor an event that is being organized by another person or organization (the "organizer").
Sponsoring an event means that the sponsor will pay a sponsorship fee in order to get certain benefits or rights, usually the right to advertise during the event.
In order to avoid any misunderstandings, the sponsor and the organizer usually use an Event Sponsorship Agreement to outline the obligations and rights of each party. In the case of the Sponsor, their obligations would be to pay the sponsorship fee, which could be in cash or goods and/or services. On the other hand, the Organizer's obligations would be to provide the benefits, usually advertising benefits, to the Sponsor and to market, organize, and execute the event.
The user should enter all the information required to complete this document including the identifying information of the parties, such as their names and addresses, the event details, the sponsorship fees, and the sponsorship benefits.
Once the document has been completed, both parties should review the document and, if they agree to the terms and conditions of the contract, sign the same.
Each party should keep an original signed copy of the document for their records.
Notarizing the document
Notarizing this document is optional. However, if the parties would want to notarize this document, the document includes an Acknowledgment portion. Notarization of the document converts the document from a private document to a public document so that it becomes admissible in court without need of further proof of its authenticity.
To notarize the document, the parties must print and sign an extra copy (for the notary public) of the document and bring all the copies to a notary public to acknowledge that they have signed this document freely and voluntarily. They should also present a valid I.D. issued by an official agency bearing their photograph and signature such as a driver's license or a passport, among others.
Once notarized, the parties should each keep at least one (1) copy of the notarized document and the notary public will also keep one (1) copy for their notarial book.
The laws on obligations and contracts in the Civil Code of the Philippines applies. Other laws may apply depending on the type of event that will be sponsored.
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A guide to help you: What to do after Creating a Contract?
Event Sponsorship Agreement - sample template
Country: Philippines