As a professional, I understand the importance of creating informative and search engine optimized content. In this article, I will be discussing the essential elements of a sample third-party fundraising agreement.
A third-party fundraising agreement is a legal contract that outlines the terms and conditions between an organization and the third-party fundraiser. The agreement ensures that both parties are aware of their respective roles, responsibilities, and obligations.
Here are the key elements that should be included in a third-party fundraising agreement:
1. Purpose of the Agreement
The agreement should start with a clear statement of its purpose. This section should explain why the agreement is necessary and the intended outcome of the partnership between the organization and the third-party fundraiser.
2. Scope of the Agreement
The scope of the agreement should specify the type of fundraising activity that the third-party fundraiser is authorized to undertake on behalf of the organization. This section should also clarify the limits of the agreement, including any restrictions on the use of the organization`s name or logo.
3. Obligations of the Parties
This section should outline the obligations of both the organization and the third-party fundraiser. It should specify the responsibilities of each party, including the timeframe for completing the fundraising activity, the expected level of performance, and any reporting requirements.
4. Compensation and Expenses
The agreement should outline the compensation and expenses of the third-party fundraiser. This section should specify the payment structure and the amount of compensation the third-party fundraiser is entitled to. It should also specify the expenses that the third-party fundraiser is authorized to claim and the process for reimbursement.
5. Indemnity and Liability
The agreement should address indemnity and liability issues. This section should outline the extent to which the organization and the third-party fundraiser are liable for any damages, losses, or claims arising from the fundraising activity. It should also specify the insurance requirements for the third-party fundraiser.
The agreement should specify the conditions under which either party can terminate the agreement. It should also outline the process for termination and any obligations that may arise after termination.
In conclusion, creating a well-crafted third-party fundraising agreement is essential for any organization engaging in fundraising activities. A carefully drafted agreement helps ensure that the partnership between the organization and the third-party fundraiser is successful and beneficial for both parties. By including the key elements outlined above, organizations can create an agreement that is comprehensive, clear, and legally sound.