Cosponsorship

/koʊˈspɑnsərʃɪp/ noun

Definition

The relationship or arrangement in which two or more sponsors share the sponsorship of an event, activity, or legislation.

Etymology

From cosponsor + -ship (suffix indicating a relationship or condition). A modern formation to describe shared sponsorship as a concept.

Kelly Says

Corporate cosponsorship has become a major business model—when Nike and the NBA 'cosponsor' events together, they're not just splitting costs; they're building brand associations that benefit both parties.

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