What is the process for renewing a sponsorship contract?
The renewal process typically involves reviewing the current contract, discussing terms with the sponsor, and drafting a new agreement.
How long does the renewal process usually take?
It can vary, but generally, it takes 4 to 6 weeks to finalize the renewal, depending on negotiations.
What documents do I need to prepare for the renewal?
You'll need the current contract, performance reports, and any proposals for new terms or changes.
Can I negotiate the terms of the contract?
Yes, negotiation is common during the renewal process. It's a good opportunity to address any changes or improvements.
What happens if the sponsor decides not to renew?
If the sponsor chooses not to renew, you may want to explore other sponsorship opportunities or adjust your strategy.
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