AGREEMENT between Company Name (Sponsor) _____________________________________________and (School or District Name)___________________________________________________________ dated this________ day of _________________, 20_________.
Whereas the Sponsor has agreed to rent advertising space on the back of the organizations BreakAway Banner for a specified period of time.
The parties to this Agreement covenant and agree as follows:
This Agreement shall commence _______________________________, 20_____and shall continue for ______consecutive monthes concluding on _______________________________, 20______unless terminated earlier in accordance with Article 4 of this Agreement.
2.CONSIDERATION AND PAYMENT
In consideration of the Sponsor rights and benefits contained herein, the Sponsor agrees to pay School or District $_________________for each term of this Agreement.
3.SPONSOR RIGHTS AND BENEFITS
School or District grants the following Sponsor “Rights and Benefits” to the Sponsor:
The Sponsor shall deliver to School a "Camera Ready" advertisement of a specific size and file type (see ad specifications ) The ad will be produced and applied to the back of the schools BreakAway banner and displayed on game days in which the banner is used and possibly on other occasions as the school deems appropriate. The school has the right to approve the sponsors design. No questionable content will be permitted.
The Sponsor or School or District Name may terminate this Agreement if the other party:
Breaches this Agreement and fails to remedy such breach within thirty (30) days of written notice to remedy the breach;
If the Sponsor becomes the subject of bankruptcy or insolvency proceedings;
Is found liable in any action or proceeding where the commercial value of the association with the other party becomes substantially impaired; or
Makes any public statements that are defamatory to the other party, its products or programs.
By providing 60 days formal written notice to the other party.
The Sponsor and School or District Name covenant to keep any information relating to this Agreement strictly confidential. This confidentiality shall survive the termination of this Agreement.
Any notice, demand or request which may be given under this Agreement, shall be in writing and delivered or sent by registered mail, postage prepaid or by facsimile transmission:
If to School or District Name :
If to the Sponsor:
The laws of State shall govern this Agreement.
This Agreement constitutes the entire agreement between the parties in respect to its subject matter and supersedes all previous agreements and understanding between the parties and may not be modified except by an instrument signed by the duly authorized representative(s) of the parties.
IN WITNESS WHEREOF duly authorized representatives of the parties hereto have executed this Agreement the day and year first written above.
School or District Name