Phone: (302) 981-1239
The Penn Capitals
TERMS AND CONDITIONS
TERM OF CONTRACT
The term of this contract shall commence on the date of signing and continue until [insert end date here] or
where either of the parties terminates pursuant to the terms and conditions of this contract.
SPONSORSHIP RIGHTS AND BENEFITS
A. Penn Capitals to provide:
B. Sponsor Name________________________________ to provide
The Penn Capitals grants to [Sponsor Name] the non-exclusive, non-transferable, royalty free license to reproduce and
display the Penn Capitals logo during the term of this agreement in order to promote its sponsorship of the Penn
A. Both the Penn Capitals and [Sponsor Name] will endeavor to conduct itself in a manner so as to present a
professional and high quality promotion and image of the sport and [Sponsor Name].
B. The Penn Capitals must not bring into disrepute or otherwise damage the name or goodwill of [Sponsor
Name] or the corporate identification.
C. [Sponsor Name] must not bring into disrepute or otherwise damage the name or image of the Penn Capitals
D. The Penn Capitals will use its best endeavors to ensure that all third parties act consistently with the
Sponsorship Rights and Benefits and do everything necessary in order for the Penn Capitals to perform its
obligations under this Agreement. The Penn Capitals will use its best endeavors to prevent any third party
from infringing the rights of its sponsors and if necessary take legal action to stop any actions and protect the
rights of any sponsors.
SIGNAGE AND EQUIPMENT
A. The Penn Capitals will be responsible for the security of all signage and equipment after it has been delivered
by [Sponsor Name] to the Penn Capitals, venue, or event.
B. The Penn Capitals will be responsible for the proper and effective installation, dismantling and packaging of
all signage and equipment, unless otherwise provided in this agreement.
C. Subject to wear and tear, the Penn Capitals will ensure that all signage and equipment remains in a
A. Payment of Sponsorship Monies
(a) In consideration of the Rights and Benefits granted to [Sponsor Name], and the obligations to be
performed by the Penn Capitals, under this Agreement, [Sponsor Name] will pay the Penn Capitals
the sponsorship monies in the installments and on or before the dates as set out in the Sponsorship
Monies Payment Schedule.
(b) Trade for services deals are to be excluded from this section.
B. Except to the extent otherwise provided in this Agreement, the Sponsorship Monies will be the total fees
payable by [Sponsor Name] for the Sponsorship Rights and Benefits provided by the AIF under this
C. Sponsorship Monies Due Upon Execution of This Agreement $___________________
Each recipient must: Hold the confidential information in strict confidence and not disclose or cause or
permit the disclosure of the confidential information, except as required by law or as permitted under this
agreement or with the prior written consent of the discloser; and Do anything reasonably required by the
discloser to restrain a breach of confidentiality by any person
Either [Sponsor Name] or the Penn Capitals may immediately terminate this Agreement by written notice if
one party breaches a material term of this Agreement; and It cannot be remedied; or If capable of being
remedied, such breach is not remedied within 14 business days of a written request by the other party to
remedy that failure It becomes illegal for one party to perform any of its material obligations under this
Agreement; An Insolvency Event occurs in relation to either party; Any warranty, representation or
statement by either party is or becomes false or incorrect when made or regarded as made
No amendment or variation of this Agreement is valid or binding on a party unless in writing and executed
by all parties.
IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the day and year first above written.