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(a) Each Contract Year and provided UNIVERSITY has then ordered at least 350 pairs of football shoes for such year, UNIVERSITY shall be entitled to order direct from NIKE, on a 2 for q" basis, additional football shoes for use by the Team, at the same time UNIVERSITY submits their annual order for the Products.
A sponsorship agreement should include the length of the agreement, an exclusivity clause, payment calculation and method, the sponsor benefits, intellectual property rights and termination conditions.
What are the Basics of a Sponsorship Agreement Template?The date the parties enter into the agreement.The names and addresses of the sponsor and rights holder/property.The start and end date the agreement.Terms regarding the right of renewal/right of first refusal.More items...
Nike has held the NFL contract since 2012. Prior to this, Reebok had a ten-year NFL contract secured through a deal worth $250 million. Rolapp added, "The NFL and Nike are a powerful combination and we anticipate working closely with them on several programs, including youth and player initiatives."
Nike's latest deal with the NFL cements its role as the official supplier to two of the nation's most popular sports: football and basketball. The Beaverton, Oregon-based giant now supplies the NBA with uniforms, having replaced German rival Adidas AG (ADDYY) beginning this season.