영문 후원계약서(Sponsorship Agreement)

Sponsorship Agreement

문서서식포탈비즈폼

 

 

This Agreement entered into on March 10, 2003 (“Effective Date”), by and between World Corp. having its principal office at _________ (hereinafter referred to as “World”) and Wonder Group, having its office at _______(hereinafter referred to as “Wonder”) regarding World Festival 2004 (hereinafter referred to as “EVENT”)

 

 

1. Objective

Wonder is the supervisor of the EVENT and desires search for the main sponsor of the EVENT.

World desires to be the main sponsor of the EVENT subject to using the main sponsor benefit.

 

Under the terms and conditions of this Agreement:

1.1. World shall make monetary contribution into Wonder’s activities of the EVENT in consideration of Wonder’s extensive advertising of World and World’s products .

1.2. Wonder agrees to designate World as the main sponsor of EVENT and allows World to use the benefits of the main sponsor in commercial purposes on the reimbursable basis.

1.3. Wonder grants World the right to use official properties of the EVENT including name, logos, emblem and additional events related to the EVENT in commercial purpose.

 

 

2. Description of the EVENT

2.1. Title: The World Festival 2004

2.2. Duration of the EVENT: June 3, 2004 ~ August 12, 2004

2.3. Contents of the EVENT

2.3.1. Press Conference (June 3, 2004, ____)

2.3.2. Participator Marching Celebration (July 14, 2004, ____)

2.3.3. Super World Concert & Mini Concerts

- Super Concert (August 12, 2004,____)

- Mini Concerts: _____, _____, _____

2.4. Main Sponsor: World

2.5. Official Suppliers:

- Media: 1 Official Suppliers

- Mineral Water: 1 Official Suppliers

- Drinks: 1 Official Suppliers

- Sports Bar: 1 Official Suppliers

- Fast Food: 1 Official Suppliers

- Transportation & other: 1 Official Suppliers

2.6. Format of the EVENT: marching festival from _____ to ______, via _____, ____, ___, _______, _______, _______ and ______ in _______.

2.7. Participants: Volunteers of all ages from all around _______

 

 

3. Obligations of Parties

3.1. Wonder shall make additional budget by getting official suppliers in cooperation with other co-sponsor.

3.2. Official suppliers shall not be competitors of World and shall not supply Wonder with any products that are competitive with those of World without prior written consent of Wonder.

3.3. Before making any commitment with official suppliers, Wonder shall get the prior written consent of WORLD, which consent may be withheld by World at its discretion when the official supplier, at World’s discretion, could harm the right of World as the main sponsor.

3.4. If official suppliers want to provide Wonder with any products WORLD produce for the EVENT, official suppliers must procure them from WORLD.

3.5. Wonder shall provide World with all of the of main sponsor benefits mentioned in Article 4.

3.6. Wonder shall present the complete schedule of the EVENT no later than May 31, 2004 and shall get a confirmation from World.

3.7. Wonder shall inform World immediately when there is any change or modification of contents and/or schedule of the EVENT.

3.8. Wonder shall arrange emergency plan and take the responsibility for any accident that could occur during the EVENT.

3.9. World shall provide sponsorship fee in compensation for the main sponsor benefit within due days mentioned in Article 5.

3.10. World will recognize the official suppliers as the partners for the EVENT and cooperate with the official suppliers for the successful EVENT.

3.11. WORLD and Wonder shall cooperate with each other for the successful EVENT.

 

4. Main Sponsor Benefit

As the main sponsor of the EVENT, WORLD is entitled to use the property of the EVENT in commercial purpose as follows, the details of which are specified in Attachment A attached hereto.

4.1. Naming Right: WORLD shall be entitled to have the naming right to maximize their exposure.

4.2. Designation: WORLD shall be entitled to take out or publicize the fact that it is the main sponsor of the EVENT, for example, “World is the Main Sponsor of World Festival 2004” in all its advertising materials, display, packaging.

4.3. Association: WORLD shall be entitled to take advantage of logo, emblem, mascot, etc. to associate with the EVENT.

4.4. TV exposure

4.4.1. All of the exposure of the EVENT title on the screen shall be the official title mentioned in sub-article 2.1.

4.4.2. World shall have the right of TV commercials of the special programs operated by media partner.

4.4.3. World shall be exposed on the screen in the pre-note spot.

4.4.4. Wonder shall make a written report of media promotion plan by May 31, 2004.

4.5. Internet

4.5.1. WORLD shall have the right of additional exposure on the internet homepage of the EVENT.

4.5.2. WORLD shall be entitled to insert its logo and linkage on the homepage.

4.6. Newspaper

4.6.1. Wonder shall include WORLD logo on all of the media release distributed by Wonder.

4.6.2. Wonder shall try its best to induce other media to include the exposure of WORLD in its article related to the EVENT.

4.7. Other media: WORLD shall have additional right of exposure on posters, applications, pamphlets and brochures.

4.8. Promotion

4.8.1. World shall be entitled to operate promotional activities related to the EVENT to leverage their sponsorship of the EVENT.

4.8.2. World shall have priority for the additional promotion events related to the EVENT as the main sponsor.

4.8.3. World shall be entitled to set a joint promotion activity with the official suppliers.

4.8.4. World will notify Wonder of all promotional activities planning no later than May 30, 2004.

 

5. Financial Conditions

5.1. Total Sponsorship Fee: Total amount of the sponsorship fee for the EVENT as themain sponsor is US$_____ ( Including VAT __).

5.2. Payment Schedule: All the payments to Wonder by World under this Agreement shall be made as follows upon Wonders invoice therefor.

1st Payment : 40% of the total sponsorship fee ( within 30 May’ 2004)

2nd Payment : 30% of the total sponsorship fee ( within 30 June’ 2004)

3rd Payment : 20% of the total sponsorship fee ( within 30 July’ 2004)

4th Payment : 10% of the total sponsorship fee ( within 10day after completion of EVENT )

5.3. The currency of payments according to this Agreement shall be US dollar.

 

6. Warranty

Wonder warrants that

a) it has the necessary power and authority to enter into this Agreement;

b) it has the necessary facilities, personnel and skills to perform its obligations and duties under this Agreement in a professional manner;

c) it has all necessary lease, licenses, authorities and consents to provide the rights and benefits set forth in this Agreement;

d) it has the power and authority to grant to World all of the rights and benefits purported to be granted by Wonder under this Agreement; and

e) it complies and will continue to comply with the rules and regulations of competent jurisdiction for EVENT.

Wonder hereby agrees to indemnify World against any liability which World incurs or is liable to incur in respect of any breach by Wonder of any of the terms and conditions of this Agreement.

 

7. Term and Termination

7.1. This Agreement shall be effective from the Effective Date until August 12, 2004.

7.2. This Agreement may be terminated before the date of expiration on mutual written agreement of the both parties .

7.3 Either party may terminate this Agreement if the other party commits a material breach of this Agreement and such breach is either not curable, or not cured by defaulting party within (15) days from the date when the defaulting party received the written notice from the non-defaulting party, or if either party making an assignment for the benefit of creditors, or being adjudged bankrupt, or insolvent, or filing any petition seeking for itself any arrangement for dissolution and liquidation of its interests.

7.4 If this Agreement is terminated for any reason attributable to World before the term expires, World will pay the costs and expenses actually used and incurred in accordance with the Wonder’s prompt written report within the limitation of the total sponsorship fee.

If this Agreement is terminated for any reason attributable to Wonder Planning before the term expires, Wonder will pay ten percent (10%) of the total sponsorship fee as liquidated damages.

 

8. Right of First Renewal

World shall have the right of first renewal for World Festival 2005 (hereinafter referred to “EVENT 2005”).

In the event that World desires to be the main sponsor of the EVENT 2005, World shall follow in the following steps:

8.1. World shall notify Wonder by a registered letter about its intention to exercise the right of first renewal agreement for EVENT 2005 no later than March 31, 2005.

8.2. The parties hereto shall undertake to negotiate in good faith the financial conditions of a new agreement of the EVENT 2005 within 7(seven) days after Wonder’s receipt of the above registered letter.

8.3. If both parties do not reach an agreement for EVENT 2005 within the period indicated above, Wonder may conclude an agreement with any third party.

 

9. Governing Law and Disputes Settlement

9.1. This Agreement is governed by and construed in accordance with the law of the Republic of Korea.

9.2. All disputes arising out of or in connection with this Agreement, which the parties do not resolve in good faith within thirty (30) days after either party notifies the other party of its desire to arbitrate such dispute or controversy, shall be settled by arbitration in Seoul, Korea in accordance with the Commercial Arbitration Rules of the Korean Commercial Arbitration Board (“KCAB”).

The arbitration award shall be final and binding and a judgement consistent therewith may be entered by any court of competent jurisdiction. The arbitrator shall not have the power to render an award of punitive damages. To the extent of any conflict, this paragraph shall supersede and control KCAB Rules.

 

10. Indemnification

10.1. In case of non-fulfilment or inappropriate fulfilment of their duties and responsibilitie

s according to this Agreement, both parties hereto agree that the losses and damages occurred to non-defaulting party, excluding loss of profit, shall be compensated by the defaulting party.

 

11 Force Majeure

Neither party shall be liable to the other party for non-performance or delay in performance of any of its obligations under this Agreement due to causes beyond its reasonable control, including but not limited to the flood, unavoidable accident, governmental regulation, riot, and insurrection. Upon the occurrence of such a force majeure condition, the effected party shall immediately notify the other party of any event of force majeure and inform the other party of any further developments. Immediately after the cause is removed, the effected party shall perform such obligations with all due speed.

 

12. No Assignment

None of the parties hereto shall assign this Agreement or any rights or obligations hereunder shall not be assigned nor otherwise transferred by either party in whole or in part and shall not inure to the benefit of any trustee by operation of law or otherwise without the prior written consent of the other party and any assignment or transfer without such consent shall be null and void.

 

13. Entire Agreement and No Waiver

13.1 This Agreement contains the entire agreement between the parties hereto as to the subject matter hereof and supersede any previous or contemporaneous understandings, commitments, oral or written, as to such subject matter.

13.2 No modification or waiver of any of the provisions of this Agreement shall be valid unless in writing and signed by the parties hereto.

 

 

Attachment A : Main Sponsor Benefit

 

 

For and behalf of World Corp.			For and behalf of the Sky Comm
Name	President		Name	President

문서서식포탈비즈폼