24. EFFICIENCY. This agreement takes effect when all parties have signed it. The date on which this agreement is signed by the last undersigned party (as indicated by the date attached to the signing of that part) is considered to be the date of this agreement. Provide rights and help maximize benefits – the rights holder must do his best to help the sponsor use the rights granted and ensure that those rights are actually granted. The rights holder should be contractually obliged to assist the sponsor in getting as much out of the sponsorship as possible. Each enhanced language [GREEN] is intended for the user. Any language highlighted [YELLOW] is considered optional or conditional by the legal community. Talk to a lawyer before using this document. This document is not a substitute for legal advice or services.
Another example is that Juventus has a kit sponsor for Serie A matches and a Kit sponsor for Champions League matches. This is a very simple but essential clause of the agreement. As a general rule, it is the parties who decide what the sponsorship tax should be. The costs depend on the sponsors and their participation in the event. Certain conditions are mentioned in the clause relating to the increase in fees related to the appearance of certain events for z.B. winning team or additional tickets to the event. Ensure that key participants in the event or sponsorship have committed to participate; Offer room for a sponsor`s message in the program. In the event of a breach of terms or obligations in the contract, there may also be general compensation from one party to the other.