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SLS SAMPLE DOCUMENT 06/21/18Commercial Adventure Agreement This is a Commercial Adventure Agreement (Agreement), dated as of, 20 between, a California nonprofit corporation (Client) and, a corporation.
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Nonprofitdocuments FAQ
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Other cause marketing campaigns where a consumer spends money to trigger a company donation also result in commercial co-ventures, like when a company: Matches donations made by consumers. Donates an item to a charity when a consumer purchases a similar item.
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Definition - Commercial Co-Venture. An agreement between a nonprofit organization and a for-profit business that serves to support charitable causes while generating commercial goodwill.
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The term cause-related marketing is generally used to refer to mutually beneficial partnerships between corporations and nonprofits. In these types of marketing campaigns, corporations partner with nonprofit organizations to boost their sales while having a positive impact on a nonprofit and cause they support.
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All 50 states have laws pertaining to commercial co-venture arrangements, some more complex than others. State laws can control the contents of a contract, advertisement disclosures, and state registrations and filings (both pre and post transaction).
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A commercial coventurer raises money for charities by giving the charity a certain percentage from the sale of goods or services. A commercial coventurer represents to the public that the purchase or use of its goods or services will benefit a charitable organization.
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All 50 states have laws pertaining to commercial co-venture arrangements, some more complex than others. State laws can control the contents of a contract, advertisement disclosures, and state registrations and filings (both pre and post transaction).
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States including Alaska, California, Hawaii, Illinois, Massachusetts, Mississippi and South Carolina require certain types of commercial co-venture participants to register, submit filings and/or provide bonds for these promotions.
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How to write a Joint Venture Agreement Establish the details of the joint venture. Add information about your industry, location, and which type of venture you'll form. ... Describe the members of the joint venture. ... Set terms for business management. ... Set terms to help avoid or manage disputes.
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