Sponsorship Terms and Agreement

Terms and Agreement for Sponsorship Applicants

This agreement (the “Agreement”) is made between Echo-Terra LLC (“Event Organizer”) and the Sponsorship Applicant (“Applicant”) for the purpose of establishing the terms and conditions of the sponsorship arrangement for Grovestock Festival.

  1. Sponsorship Details: a. Sponsorship Package: [Specify the chosen sponsorship package] b. Sponsorship Fee: [Specify the sponsorship fee] c. Payment Terms: The Applicant agrees to submit the sponsorship fee in full within [specify number] days of signing this Agreement. d. Benefits and Deliverables: The Event Organizer agrees to provide the Sponsor with the benefits and deliverables outlined in the selected sponsorship package.
  2. Payment: a. The Applicant shall make all payments in the currency specified by the Event Organizer. b. Payments shall be made by [specify payment method] to the designated payment account provided by the Event Organizer. c. In the event of non-payment or late payment, the Event Organizer reserves the right to cancel the sponsorship arrangement and seek alternative sponsors.
  3. Sponsorship Benefits and Obligations: a. The Event Organizer shall make reasonable efforts to deliver the agreed-upon benefits and promotional opportunities to the Sponsor. b. The Applicant agrees to provide the Event Organizer with any necessary branding materials, logos, and promotional content required for sponsorship purposes. c. The Applicant grants the Event Organizer the right to use the Sponsor’s name, logo, and promotional materials for marketing and promotional activities related to Grovestock Festival.
  4. Termination: a. Either party may terminate this Agreement upon written notice if the other party fails to fulfill its obligations under this Agreement. b. In the event of termination, the Event Organizer reserves the right to retain any sponsorship fees already paid.
  5. Liability: a. The Applicant acknowledges that participation in Grovestock Festival is subject to certain risks and agrees to release the Event Organizer from any liability for personal injury, loss, or damage incurred during the event. b. The Applicant agrees to maintain appropriate insurance coverage to protect against any potential claims arising from its sponsorship participation.
  6. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Colorado. Any disputes arising from this Agreement shall be subject to the exclusive jurisdiction of the courts of Garfield County.
  7. Entire Agreement: This Agreement constitutes the entire understanding between the Event Organizer and the Sponsorship Applicant regarding the sponsorship arrangement and supersedes any prior agreements or understandings, whether written or oral.

By signing below, the Applicant acknowledges that they have read, understood, and agree to be bound by the terms and conditions of this Agreement.

[Sponsorship Applicant]

Signature: ___________________________ Date: ___________________________

[Event Organizer]

Signature: ___________________________ Date: ___________________________