SocaaX.Co.Za

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Club Assets Inventory (Followers)

SPONSORSHIP AGREEMENT:
How Does It Works: SocaaX.Co.Za Approaches Sponsors to Sponsor you Club in Exchange of association with Your Club/Player brand. Upon Approval and Payment by Sponsor (70/30 In Favour of Club Split) Applies.

These SPONSORSHIP AGREEMENT TERMS AND CONDITIONS (these “Terms and Conditions”) are incorporated into the Sponsorship Agreement executed by and between The Club (“Club”), and the Sponsor set forth in such Sponsorship Agreement(“Sponsor”). These Terms and Conditions refer to the Club and the Sponsor as the “Parties” and may refer separately to either as a “Party.”
Time is of the Essence. Time is of the essence in each Party’s performance of all obligations under these Terms and Conditions and the Sponsorship Agreement.
1. The Club's Obligations. The Club will provide the Sponsor with the sponsorship opportunity set forth in the Sponsorship Package level Agreement. The Club does not make, and specifically disclaims, any representations or warranties regarding the success or failure of such sponsorship opportunity for the Sponsor.
2. The Sponsor's Obligations.
2.1. Unless otherwise set forth in the Sponsorship Agreement, promptly following execution and delivery of the Sponsorship Agreement, the Sponsor shall pay the sponsorship costs to the Club as set forth in the Sponsorship Agreement by check or wire transfer of immediately available funds.
2.2. The Sponsor represents and warrants to the Club that the Sponsor has the legal right to use the logo, artwork, or other advertising and marketing material provided by it to the Club.
2.3. The Sponsor hereby grants to the Club a limited, temporary license to use any such logo, artwork, or other advertising and marketing material as set forth in the Sponsorship Agreement.
2.4. The Sponsor will indemnify and hold harmless the Club for any third party claims for breach of any intellectual property rights which might be made against the Club for using any such logo, artwork, or other advertising and marketing material.
Indemnification.
3.1. Sponsor will indemnify and hold harmless Club, its officers, directors, members, employees, and agents, from and against any claims, actions or demands, including, without limitation, all reasonable attorney’s fees, due to or resulting from Sponsor’s breach of these Terms and Conditions, the Sponsorship Agreement, or Sponsor's (or its agent's) willful misconduct, fraud, negligence or gross negligence.
3.2. Club will indemnify, and hold harmless Sponsor, its officers, employees, and agents, from and against any claims, actions or demands, including, without limitation, all reasonable attorney’s fees, due to or resulting from Company’s breach of these Terms and Conditions, the Sponsorship Agreement, or Company’s (or its agent’s) willful misconduct, fraud, negligence or gross negligence.
Force Majeure. Either Party's performance of any part of these Terms and Conditions or the Sponsorship Agreement shall be excused to the extent that such performance is hindered, delayed, or made impractical by: (a) the acts or omissions of the other party; (b) flood, fire, strike, war, or riot; (c) any other cause (whether similar or dissimilar to those listed) beyond the reasonable control of that party. Upon the occurrence of any such event(s), the Party whose performance is so affected shall notify the other Party of the nature and extent of the event(s) so that decisions to mitigate the negative effect(s) of such event(s) may be promptly made.
4. Termination by the Sponsor. Notwithstanding the above provisions, the Sponsor shall have the right at any time prior to stipulated end date to terminate this Agreement by giving written notice of such termination to Club.
In the event of such a termination, (i) the Sponsor shall have no further obligation to make payments toward the sponsorship fee contemplated hereof, (ii) Club shall have no further obligation to provide any Benefits hereunder, and (iii) the remaining provisions of this Agreement shall remain in full force and effect.
This Agreement shall be governed and construed in accordance with the internal laws of the Republic Of South Africa, without giving effect to principles of conflict of laws.