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Partnership Agreement For M5
Partnership Agreement For M5
This agreement (“Agreement”) is made and entered, effective this 23 November 2023 at Bonifacio
Global City, Taguig City, Philippines, by and between:
DEFINITIONS
The following terms shall have the meanings ascribed to them below:
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1. Mobile Legends: Bang Bang (“MLBB”): refers to the mobile game published by
Shanghai Moonton Technology Co. Ltd., a popular multiplayer online battle arena
(MOBA) game.
2. M5 World Championships: refers to the 5th iteration of the premier esports tournament
held for the game MLBB.
3. Watch Festival (“Watch Fest”): refers to a series of on-campus or community-based
events organized to engage fans and students in watching and celebrating the M5 World
Championships for MLBB.
4. Student Leader/s: refers to the human resource officially recognized by MSL Philippines
as its representative to the concerned school.
5. Force Majeure: refers to unforeseen circumstances or events beyond the reasonable
control of the Parties, including but not limited to acts of nature, war, terrorism,
government actions, or other events that prevent the fulfillment of obligations under this
Agreement.
6. Intellectual Property: refers to trademarks, copyrights, patents, trade secrets, and any
other proprietary rights or intangible assets created or used in connection with the
partnership established in this Agreement.
7. Confidential Information: refers to any proprietary, technical, financial, or other
information disclosed or exchanged between the Parties during the course of the
partnership, which is treated as confidential and not intended for disclosure to third parties
without proper authorization.
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Monetary Allotment
Particulars Maximum Allocation/Day 4 Days 6 Days 8 Days
Venue* 6,000.00 24,000.00 36,000.00 48,000.00
Other Rentals* 8,000.00 32,000.00 48,000.00 64,000.00
Food 6,000.00 24,000.00 36,000.00 48,000.00
Miscellaneous 1,000.00 4,000.00 6,000.00 8,000.00
Printable 3,000.00 3,000.00 3,000.00 3,000.00
TOTAL 24,000.00 87,000.00 129,000.00 171,000.00
*Requires billing statement(s) before the release of funds depending on the request.
C. Party A agrees to provide in-game diamonds for the online and offline promotions
of the event. The amount depends on the duration specified (check which applies):
70,000 diamonds (4 days)
✓ 90,000 diamonds (6 days)
110,000 diamonds (8 days)
PARTY B
E. Party B agrees to facilitate the MLBB M5 World Championship Watch Fest on the
following schedule (check which applies):
December 2-3 and December 16-17 (4 days)
✓ December 2-3 and December 14-17 (6 days)
December 2-3 and December 12-17 (8 days)
Other (specify): ______________________
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6. Collaborate with the Student Leaders of MSL Philippines for the success of
the event;
7. Submit liquidation reports to MSL Philippines after the event has
concluded;
8. Submit photos, videos, and other documentation that MSL Philippines will
require;
9. Execute other tasks for the benefit of the M5 World Championships
University Watch Fest as deemed necessary by MSL Philippines.
PARTY C
G. Party C agrees to serve as the intermediary between Party A and Party B, wherein
all financial and logistical matters will be handled by Party C on behalf of Party A.
Specifically, the tasks of Party C are as follows:
1. Collect information from Party A for the processing of monetary funds;
2. Facilitate other tasks for the benefit of the M5 World Championships
University Watch Fest as deemed necessary by MSL Philippines.
II. Termination
A. Mutual Termination
This Agreement may be terminated at any time by mutual written consent of all the
Parties. In the event of mutual termination, the Parties agree to execute the
necessary documentation to formalize the conclusion of this Agreement.
C. Consequences of Termination
Upon termination of this Agreement, all Parties shall fulfill any outstanding
obligations, settle any outstanding payments, and return or dispose of any shared
assets or materials in accordance with the terms outlined in this Agreement
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III. Intellectual Property Rights
A. Ownership of Intellectual Property
a. Pre-existing Intellectual Property
Each Party expressly retains ownership rights to any intellectual property
existing prior to this Agreement and introduced or utilized during the term
of this Agreement.
B. Usage Rights
a. License or Use
Subject to the terms and conditions of this Agreement, the Parties hereby
grant each other a non-exclusive, worldwide, royalty-free license or right to
use any shared intellectual property solely for the purposes of fulfilling
obligations under this Agreement.
b. Restrictions
The use, transfer, or sub-licensing of shared intellectual property to third
parties is strictly prohibited without the express written consent of all parties
involved.
IV. Confidentiality
All parties agree not to disclose Confidential Information to any other party without prior
written consent from Party A.
V. Entire Agreement
This Agreement comes into effect after it is signed and/or sealed by all parties and
constitutes the entire agreement with respect to the Confidential Information disclosed
herein and supersedes all prior or contemporaneous oral or written agreements concerning
such Confidential Information. This Agreement may only be changed in a written
amendment signed by all parties
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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.
By:
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