Definition of sponsorship
Sponsorship is a collaboration on commercial grounds to the mutual benefit of two or a number of parties. The sponsor supports the sponsee with money, goods or services and in return receives advertising and other marketing value. If no requirements for something in return have been agreed, it is not sponsorship, but rather a question of a gift or donation. Exceptions are sponsorship for research and development as well as personnel expenses where nothing is required in return as well as if there is a strong connection between the sponsor’s and the sponsee’s business operations.