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Brand Visibility via Commercial Co-Venture Agreements - Commercial & Bankruptcy Law News

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Commercial & Bankruptcy Law News


Posted on: Dec 6, 2018

From the National Law Review:

We’re seeing a lot of commercial co-ventures (CCVs) lately. It makes sense, right? CCVs can be a win-win for all parties involved – a company informs the public that it will donate a portion of its sales revenue to a nonprofit organization and, in return, the nonprofit allows the company to use the nonprofit’s brand name to market the product or service. (For example:  “For every bottle of honey purchased in November 2018, Good Intentions Stores will donate 25 cents to the Fictional National Honeybee Preservation Society.”) Such collaborations can increase the company’s sales and goodwill, and the nonprofit benefits from donations.

Hold your horses, though – you have to keep some legal hurdles in mind before launching such an initiative.  Many states’ laws have special requirements for CCVs.

Read more.

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