A sponsorship form can be used to agree to sponsor certain events. One must be careful to understand what they are agreeing to sponsor. One may be agreeing to something that could be expensive or takes a lot of time. If one back out a sponsored event and the other party has a completed form this could be problematic. A good reference is
. http://www.cra-recycle.org/2008%20Conference/Committees/Sponsorship/Brochure/SPONSOR_BROCHURE_08%5B1%5D.pdf