§ 929. Definitions. The following words, terms and phrases, when used in this subchapter, shall have the meanings ascribed to them in this section except where the context clearly indicates a different meaning: (1) “Contract” shall mean a written agreement between the “promoter” and the “sponsor” which sets forth the authority, responsibility and liability of […]
§ 930. Sponsors’ responsibilities. (a) (1) Each sponsor shall demand that any promoter, offering fund-raising services in the form of entertainment events, exhibit said promoter’s current year occupational license required by § 2301(a) or (b) of Title 30. (2) If a sponsor enters into an agreement with a promoter, without having first verified said promoter’s […]
§ 931. Promoters’ responsibilities. (a) Each promoter (individual and/or firm) shall acquire a Delaware annual occupational license and pay such other fees as are established in § 2301 of Title 30. (b) Promoters shall comply with § 901(b) of this title by obtaining any licenses or permits which may be required by the local jurisdiction […]
§ 932. Contracts. (a) All contractual agreements between promoters and sponsors shall be written in clear text, plain language. (b) The contractual agreement shall contain, in an appropriate location, the promoter’s current Delaware occupational license number. (c) Distribution of the profits of the venture shall be stated specifically as a percentage for the sponsor and […]
