TERMS AND CONDITIONS OF SPONSORSHIP AGREEMENT
The Sponsor has agreed to Sponsor an event(s)/activity, or activities, of the Blessing Foundation. The foundation has agreed to provide the Sponsor with the benefits set out in their Agreement.
1 DEFINITIONS AND INTERPRETATION
“Sponsorship Fee” means the fee set out in the Sponsorship Package Offer. “Sponsorship Package Offer” means the Sponsorship Package Offer as presented by Blessing Foundation.
2 SPONSORSHIP FEE
2.1 The Sponsor will pay the Sponsorship Fee to Blessing Foundation. The Sponsor must pay the Sponsorship Fee within 7 days of the date of agreement.
3 SPONSORSHIP BENEFITS AND OBLIGATIONS
3.1 In consideration of the payment of the Sponsorship Fee by the Sponsor, The Blessing Foundation grants the Sponsor the non exclusive sponsorship rights contained within the Sponsorship package.
3.2 The Sponsor will act at all times in a manner which is consistent with the good name, goodwill and reputation of The Blessing Foundation.
3.3 Blessing Foundation is responsible for administration of the event/activity and co-ordinating all details in relation to the venues at which such events/activities are held.
3.4 Blessing Foundation may cancel or postpone any event at its discretion in which case The Foundation and the Sponsor will Endeavour to develop an event of the same or similar value that is suitable to both parties to replace the cancelled event but no refund will be made.
3.5 The Sponsor must keep confidential and not use for any other purpose other than the performance of this agreement and must not disclose any information provided by The Blessing Foundation to the Sponsor which is identified as, by its nature is or would be reasonably considered as confidential.
3.6 Nothing in this agreement creates any relationship of employment, agency or partnership. This agreement contains the entire agreement and may only be varied in writing. A waiver of an obligation by a party is not a waiver of any other obligation.
4 USE OF LOGO AND INTELLECTUAL PROPERTY RIGHTS
4.1 The Sponsor will provide The Blessing Foundation with a copy of its logo or trademark in the form required by The Blessing Foundation for the purposes of this Agreement. The Blessing Foundation will only use any logo or trademark provided by the Sponsor for the purposes of this Agreement.
4.2 The Sponsor warrants that it has full power and authority to provide its logo or trademark as provided to The Blessing Foundation under this Agreement.
4.3 Each party agrees not to take any action which may damage the validity or value of the other party’s name, corporate logo or other identifying mark in connection with performance of this agreement.
5 TERMINATIONS AND CANCELLATION
5.1 The Blessing Foundation may terminate this Agreement immediately on written notice to the Sponsor, if the Sponsor fails to pay the Sponsorship Fee to The Blessing Foundation in accordance with the payment provisions of this Agreement;
5.2 The Sponsor will not be entitled to any refund of the Sponsorship Fee if the Sponsor terminates this Agreement.