SPONSORSHIP CONTRACT

ACCEPTANCE OF TERMS AND CONDITIONS

Whereas The City of Ventnor, New Jersey (hereinafter called the CITY) has entered into an exclusive agreement with The Art Department Design Studios LLC, DBA Ventnor City Ads (hereinafter called the AGENCY), to solicit sponsorships to be placed on City of Ventnor property including boardwalk pole banners and other advertising or sponsorship signage on the Ventnor City boardwalk and in other City locations.

Authorization: SPONSOR/ADVERTISER does hereby contract with Agency to purchase certain placements as reserved herein within the City:

1. TERM:
SPONSOR/ADVERTISER understands that the above placements have been reserved to display for the CURRENT Season subject to all terms and conditions as set forth in this agreement. Season start and end dates are determined by and at the sole discretion of the City of Ventnor, NJ. In no event will a lesser duration as determined by the City constitute a breach of any part or condition of this contract.

2. FEES:
The SPONSOR/ADVERTISER agrees to pay for the placement(s), term, and amount as specified herein. This payment does not include logo design. SPONSOR/ADVERTISER will supply their logo design file in a suitable manner and format as instructed by the Agency. Fees are payable in full upon signing this agreement. SPONSORSHIP/ADVERTISING contracts accepted after the start of the season will be invoiced at the full season contract rate.

Applicable design fees will be invoiced to SPONSORA/ADVERTISER as agreed in advance if the SPONSOR/ADVERTISER chooses to have the Agency’s designers create their logo design.

Fees are not refundable.

3. RENEWAL/TERMINATION:
SPONSER/ADVERTISER may have the option of renewing their agreement if they have fully met their contract obligations, including timely payment of all fees. (While renewals are not guaranteed, it is the Agency’s general intent to give SPONSOR/ADVERTISER the“right of first refusal” on contracted space.)

If the previously reserved location is available to SPONSOR/ADVERTISER for renewal, Agency will disclose all terms and fees for renewal in a written contract, by February 15 of the applicable contract year.

SPONSOR/ADVERTISER shall notify the Agency of their intention to renew their contract by signing and returning their renewal contract by February 15 of the applicable contract year. Failure to renew by this date could result in SPONSOR/ADVERTISER'S loss of preferred location.

Should this contract be terminated by either SPONSOR/ADVERTISER or Agency before its end date, upon SPONSOR/ADVERTISER'S notice to Agency of contract termination, Agency may seek a replacement for contract location.

4. AGENCY’S RESPONSIBILITIES:
Placements will be kept in good working condition.

The Agency’s financial liability for loss or damage to placement is limited to the SPONSOR/ADVERTISER'S pro-rata fee for the period of inoperability.

The Agency shall be harmless for any loss of SPONSOR/ADVERTISER revenue, which may be associated with placement loss or damage.

5. ARTWORK:
Design: Artwork design is the SPONSOR/ADVERTISER'S responsibility.
SPONSOR/ADVERTISER shall supply finished artwork that meets the display specifications for the contracted placement.

Both Agency and City reserve the right to reject any artwork whatsoever, including copy or images not in good taste, or which it deems otherwise objectionable.

6. INSTALLATION:
Placements will be installed by the Agency of the City as required.

7. Entire Agreement.
It is expressly understood that the Agency is not bound by any stipulations, representations, or agreements not embodied in this contract.