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What is usually included in a collaboration agreement?...Jump to:Details of the joint project.Collaboration period and schedule.Confidentiality, exclusivity and permitted use.Reporting and project management.Payments by each party.Intellectual property rights.Data Protection.Non-solicitation.More items...?
Each Contract Year, NIKE shall receive: (i) fifty (50) tickets (i.e., 46 tickets in addition to NIKE's 4 season tickets) to one mutually agreed upon football game; (ii) twenty-five (25) tickets (i.e., 17 tickets in addition to NIKE's 8 season tickets) to one mutually agreed upon men's basketball game.
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...
A sponsorship agreement is a legally binding contract, written to provide fair and equitable transactions between a company or individual that is promoting the company, and the company that holds a brand, product, or offers a service. Sponsorship is a form of marketing.
The total value of the Nike deal, not including incentives, is $46.45 million over six years, an average of $7.7 million per year, according to the contract.