Charitable Sales Promotion Agreement

Record retention obligations. Finally, one of the most frequent obligations imposed on business associates is to retain public utility records. The commercial co-partner must register all tender activities for at least three (3) years after the appeal has expired (z.B. Maine, New Jersey, Ohio, Virginia, Washington) and final accounting documents for at least three (3) years after clearing accounts in several other states (e.B. Arkansas, Florida, Georgia, Hawaii, Louisiana, New Hampshire, New York, Oregon, Utah). New York law requires the commercial co-contractor to keep the contract with the charity for at least three (3) years after the application closes. Regulators in Alabama and Arkansas may require verification of records that must be kept by the commercial joint venturer. Currently, more than 40 states and the District of Columbia have non-profit grant status. These laws cover a wide range of “solicitation” activities – including the promotion of non-profit selling – and can be punished with large fines and even criminal penalties. Many require companies that act for public purposes to include certain conditions in the contract with the charity; Provide written information in advertising Send documents to national regulators before and after the invitation; Approve jurisdiction in states where the invitation is made; keep tax and demand records. Therefore, any company wishing to conduct a non-profit promotion should assess in a timely manner, prior to each invitation, the extent to which promotion involves public tendering laws and take steps to ensure compliance.

Generally, a “non-profit sales promotion” is a promotional or sales campaign that benefits a non-profit or non-profit organization from the purchase or use of goods, services or other valuables. “Non-profit organization” is generally defined as a tax-exempt organization described in Section 501 (c) (3) of the Internal Revenue Code, or an organization that claims to be created for charitable purposes (. B for example, benevolent, pedagogical, eleemosynary, public health, human, patriotic, philanthropic, religious) or who uses a non-profit call as a non-profit call. Non-profit sales actions can be structured in a myriad of ways and can take the form of an in-store promotion, a direct mail coupon program, or an invitation to package or on a website.