TO: Public Assets Committee
FROM: Dustin Anderson, Director of Community Development
SUBJECT:
title
Resolution Accepting Sponsorship Agreement with Pabst Brewing Company, LLC
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BACKGROUND:
The City of Joliet is organizing a promotional event to be held at Slammers Stadium on July 22, 2025. Pabst Brewing Company, LLC, a Delaware limited liability company, has expressed its desire to become a sponsor of the event. The Sponsorship Agreement outlines the terms and conditions under which Pabst Brewing Company will provide sponsorship benefits to the City in exchange for certain rights and benefits.
The Public Assets Committee will review this matter.
CONCLUSION:
The Sponsorship Agreement includes several key provisions: the term and renewal of the agreement, payments associated with securing the official Guinness World Record Application, sponsor benefits such as providing merchandise to fans, force majeure clauses, representations, warranties, and covenants by both parties, trademarks and copyrights usage, indemnification and insurance requirements, termination conditions, confidentiality of information, the independent nature of the parties, notice procedures, restriction of assignment, the entire agreement clause, third-party beneficiaries, counterpart and facsimile signatures, governing law and forum selection, severability, and no restrictions on unrelated business activities.
RECOMMENDATION:
recommendation
It is in the best interest of the City of Joliet to accept the Sponsorship Agreement with Pabst Brewing Company, LLC. The agreement provides valuable sponsorship benefits and supports the successful organization of the promotional event at Slammers Stadium.
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