The Fine Print:
Whereas, Sponsor wishes to be a sponsor of said Event;
Now, therefore, for and in consideration of the agreements herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby agree as follows:
1. Advertising of Sponsor’s Name
Promoter shall cause Sponsor's name to appear prominently in specified advertising and publicity in connection with the Event.
2. Liability for Expenses
All expenses in any way pertaining to the Event shall be the sole and separate liability of Promoter. Sponsor assumes no financial responsibility of any kind or nature relative to the Event.
3. Methods of Promoting Sponsor’s Product and/or Services
The methods that Promoter shall use in promoting Sponsor’s products and/or services are set forth in the Sponsorship Package provided to Sponsor along with this contract.
4. Payments to Promoter
The amount, method and due date of payments to Promoter by Sponsor are also set forth in said the Sponsorship Package and must be paid in full by March 15, 2023 prior to promotional rollout.
5. Assignment of Rights
The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party.
6. No Waiver
The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred.
7. Arbitration
Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect.
8. Governing Law
It is agreed that this Agreement shall be governed by, construed, and enforced in accordance with the laws of the state of Louisiana.
9. Entire Agreement
This Agreement shall constitute the entire Agreement between the parties and any prior under standing or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement.
10. Modification of Agreement
Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party.