Nonprofit Naming Rights Agreement Sample

State:
Multi-State
Control #:
US-02027BG
Format:
Word; 
Rich Text
Instant download

Description

The Nonprofit Naming Rights Agreement sample is a formal document designed to outline the terms of sponsorship and naming rights between a nonprofit organization and a subscriber. Key features include the agreement's purpose, subscription details, minimum subscription amounts, and conditions for termination and notice requirements. The form also includes clauses regarding severability, no waiver of terms, governing law, modification, and assignment of rights, ensuring clarity in the agreement's execution. It is intended for use by individuals such as attorneys, partners, owners, associates, paralegals, and legal assistants engaged in nonprofit rights negotiations. This document aids in establishing clear expectations regarding financial contributions and naming rights within fundraising efforts, ensuring all parties understand their obligations. By providing a structured approach, it enhances transparency and legal protection for both the nonprofit and the subscriber. Users will benefit from concise instructions on filling and editing the form, making it accessible to those with varying levels of legal experience.
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FAQ

A primary purpose behind paying for these rights is brand building. Naming rights offer some unique brand building opportunities over more commonly employed advertising and marketing campaigns.

Naming rights have become a popular way for sports organizations to generate revenue for their facilities. In a naming rights agreement, a corporation purchases the right to have its name attached to a stadium, arena, or other sports facility.

Form of Recognition Naming rights agreements should set forth where and how a donor's name will be displayed. Such contracts often dictate the size, wording, material, and exact placement of the signage. For example, will the name be displayed on a wall plaque or etched in marble?

For properties such as multi-purpose arenas, performing arts venues, or sports fields, the term ranges from three to 20 years. Longer terms are more common for higher profile venues such as professional sports facilities.

Naming opportunities work best if the location of the building, plaque, or other structure is publicly accessible, well maintained, and the name can be displayed prominently. Think like a realtor when it comes to pitching your organization's naming opportunities. It's all about location!

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Nonprofit Naming Rights Agreement Sample