According to Law no. 32/1994 on sponsorship in Romania, through the sponsorship agreement in Romania between the sponsor and the beneficiary of sponsorship in Romania, the sponsor provides the beneficiary with goods or material means for a well-defined purpose. As with the conclusion of any type of agreement, the sponsorship agreement in Romania creates rights and obligations for the parties in Romania, establishing important aspects such as the object, duration, amount and value of the sponsorship in Romania. The Romanian Law Firm Pavel, Margarit and Associates recommends contacting a lawyer specialized in the sponsorship procedure and civil law in order to guide you on steps to be taken to conduct a sponsorship of a non-profit organization in Romania in accordance with the provisions of Law no. 32/1994 on sponsorship in Romania, so that the legal relationship between beneficiaries and sponsors is equal.
The sponsorship agreement in Romania is a key element governing the legal relationship between beneficiaries and sponsors in Romania. The written form of the sponsorship agreement in Romania is necessary, and it must refer to the object, the sponsorship period in Romania, the amount and value of the sponsorship of the non-profit organization in Romania, the ways of termination of the sponsorship agreement in Romania. Thus, the sponsorship agreement in Romania establishes the legal relationship between beneficiaries and sponsors in Romania, respectively the rights and obligations of the parties in Romania.
A lawyer specialized in the sponsorship procedure and civil law can provide you with specialized legal assistance in this field, regarding the procedure to be followed for the sponsorship of a non-profit organization in Romania, in accordance with Law no. 32/1994 on sponsorship in Romania, regulating the legal relationship between sponsors and beneficiaries in Romania.
Regarding the rights of the sponsor in Romania, they may consist of the right to be informed about the object and purpose of the sponsorship in Romania, the right to be informed about the status of the project or activity for which the sponsorship of the non-profit organization was offered in Romania, the right to use intellectual property elements related to sponsored activity, etc.
The rights of the beneficiary in Romania include the right to use the sponsors name to promote the sponsored project or activity, the right to make public the existence of the sponsorship agreement in Romania, with the sponsors consent, or any other rights established by the agreement of the parties.
Also, the beneficiary of the sponsorship in Romania must fulfill and comply with certain obligations imposed by the sponsorship agreement in Romania. These obligations are determined by the sponsor in Romania and the non-profit organization, and may differ depending on their convention. The sponsor and the beneficiary of the sponsorship in Romania may establish obligations such as: the obligation to use the goods or money received for the purpose agreed with the sponsor in Romania, the obligation to inform the sponsor in Romania of any information regarding the status of the project or activity that was the subject of the sponsorship of the non-profit organization in Romania, the obligation to keep a record of how money or goods were used, etc.
Thus, the Romanian Law Firm Pavel, Margarit and Associates is internationally recognized for its extensive experience in the field of sponsorship in Romania. Within the Romanian Law Firm Pavel, Margarit and Associates, there are specialized lawyers in the sponsorship procedure and civil law that provide legal services of the highest quality.
The Romanian law firm clients are foreign and top local companies and high worth individuals. In 2023, the success stories of the Romanian Law Firm have brought recognition from the most prestigious international guides and publications. The firm was ranked third place in Romania by the Legal 500 publication. The Romanian law firm is also recognized by IFLR 1000 Financial and Corporate Guide 2023. Pavel, Margarit & Associates Romanian Law Firm is also the only law firm in Romania recommended by the Global Law Experts Director in London in the Dispute Resolution area of Practice. All the relevant information regarding Pavel, Margarit & Associates Romanian Law Firm can be found on the website www.avocatpavel.com
The sponsor in Romania has rights that may include the right to be informed about the purpose and progress of the sponsored project or activity, the right to use intellectual property elements related to the sponsored activity, and other rights established in the agreement. On the other hand, the beneficiary in Romania has rights such as the right to use the sponsor’s name for promotion, the right to make the sponsorship agreement public with the sponsor’s consent, and any other rights agreed upon by the parties.
The sponsorship agreement in Romania must be in written form and should include important aspects such as the object of sponsorship, duration of sponsorship, amount and value of the sponsorship provided to the non-profit organization in Romania, as well as provisions regarding the termination of the agreement. These elements establish the legal relationship between the beneficiaries and sponsors in Romania, outlining their respective rights and obligations.
The obligations of the beneficiary in Romania are determined by the sponsor and the non-profit organization, and they may vary based on their agreement. Common obligations may include using the goods or funds received for the agreed purpose, informing the sponsor about the progress of the project or activity, and keeping records of how the sponsorship funds or goods were utilized. These obligations ensure the proper fulfillment of the sponsorship agreement and maintain a mutually beneficial relationship between the parties.