SPONSORSHIP AGREEMENT
This Agreement is made on [Effective Date] between [Sponsor Name] and [Organiser Name].
1. Parties. This Sponsorship Agreement is made between [Sponsor Name], of [Sponsor Address] (the "Sponsor"), and [Organiser Name], of [Organiser Address] (the "Organiser"), together the "Parties".
2. Scope and Sponsorship Rights. The Organiser grants the Sponsor the sponsorship rights described in Schedule A for [Event / Activity Name] to be held at [Venue] on [Event Date], including [branding, logo placement, naming rights, promotional mentions and passes] as specified.
3. Term. This Agreement is effective from [Effective Date] and continues until completion of the Event and settlement of all obligations, unless terminated earlier.
4. Sponsorship Fee, Payment and GST. The Sponsor shall pay a sponsorship fee of Rs. [Amount], exclusive of GST, charged at the applicable rate on a valid tax invoice. Payment shall be made [advance / in instalments] within [Number] days. TDS shall be deducted as per law.
5. Obligations. The Organiser shall deliver the agreed sponsorship benefits and conduct the Event professionally. The Sponsor shall provide brand assets and approvals in time and comply with venue and legal requirements.
6. Intellectual Property. Each Party retains ownership of its trademarks and grants the other a limited licence to use them solely for the sponsorship. Event content created by the Organiser remains its property unless otherwise agreed.
7. Confidentiality. Each Party shall keep confidential the commercial terms and non-public information disclosed under this Agreement.
8. Indemnity. Each Party shall indemnify the other against claims and losses arising from its breach, negligence or infringement of third-party rights.
9. Termination. Either Party may terminate for material breach uncured within [Number] days, or if the Event is cancelled, with a pro-rata refund of unused fees.
10. Governing Law, Jurisdiction and Arbitration. This Agreement is governed by the laws of India, subject to the exclusive jurisdiction of the courts at [City]. Disputes shall be referred to a sole arbitrator under the Arbitration and Conciliation Act, 1996, seated at [City], in English.
For [Sponsor Name]
Authorised Signatory
For [Organiser Name]
Authorised Signatory