This Photo Licensing Agreement (the "Agreement") is entered into on (the "Effective Date") by and between
, an individual registered at (the "Licensor"), and
, an individual registered at (the "Licensee"), collectively referred to as the "Parties" and individually as the "Party".
WHEREAS the Licensor is the owner of specific photo and is entitled to grant licenses for its use;
WHEREAS the Licensee wishes to obtain a license to use the photo for specific purposes;
WHEREAS the Parties intend to enter into this Agreement to define the terms and conditions governing the Licensee's use of the photo.
NOW, THEREFORE, in consideration of the mutual promises and obligations set forth herein, and upon other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties have agreed as follows:
SUBJECT OF THE AGREEMENT. In accordance with this Agreement, the Licensor grants the Licensee a license upon the following terms and conditions:
a. Type of the license: The Licensor grants the Licensee the non-exclusive, worldwide, perpetual license (the "License") for purpose of using the following photo (the "Photo") subject to the restrictions set forth in this Agreement:
b. Territory: The License granted hereunder is worldwide, without any territorial limitation to the use of the Photo.
c. Term of the License. The License is granted for an unlimited period unless otherwise agreed by the Parties in writing.
d. Rights granted: The License granted hereunder includes the following rights regarding the Photo, subject to the limitations set forth in this Agreement (the "Rights Granted"):
According to this Agreement, the Licensee has no right to issue a sublicense to third parties regarding the usage of the Photo, which are subject to the present Agreement.
PAYMENT TERMS AND PROCEDURE. The Licensee undertakes to pay the Licensor the fee for the use of the Photo according to the following provisions:
Calculation of compensation: The Licensee agrees to pay the Licensor a royalty (the "Royalty") of % on net revenues derived from the use of the Photo under this Agreement.
Payment procedure: The Licensee shall pay to the Licensor the Royalty due under this Agreement within (the "Due Date") after the end of each month during the term of this Agreement.
The Licensee shall provide the Licensor with a Royalty calculation report payable under this Agreement along with the aforementioned payment. The report shall include a detailed accounting of all net revenues derived from the use of the Photo during the relevant month, as well as any third-party fees, taxes, and actual out-of-pocket expenses incurred by the Licensee in connection with such usage.
Late payment: If the Licensee fails to make any fee due under this Agreement within days after the Due Date, the Licensor shall have the right to charge interest on the unpaid amount of per day or at the maximum rate permitted by law, whichever is less.
Payment method: The Licensee shall pay the Licensor by cash.
OBLIGATIONS OF THE PARTIES:
Licensee's obligations: The Licensee is solely responsible for obtaining all permissions, consents, and licenses necessary to use the Photo under the terms of this Agreement. The Licensee shall comply with all applicable laws and regulations in connection with the use of the Photo. The Licensee undertakes not to infringe third-party rights, including intellectual property rights, while using the Photo in accordance with this Agreement.
Licensor's obligations: The Licensor undertakes to provide the Licensee with any information that the Licensee may reasonably request for the purpose of using the Photo in accordance with this Agreement.
Joint obligations: The Parties shall cooperate in good faith to use the Photo and fulfill their obligations. In cases of necessity, the Parties shall consult with each other on all significant aspects of using the Photo in accordance with the granted License.
WARRANTIES AND REPRESENTATIONS. The Licensor represents and warrants being the sole and exclusive owner of the Photo and possessing full right, power, and authority to grant the License to the Licensee.
The Licensor represents and warrants that the Photo is free from any claims, liens, encumbrances, and other adverse rights or interests.
The Licensor assures that all relevant information regarding the Photo to the Licensee has been disclosed.
The Licensee further represents and warrants that the Photo shall be exclusively used in accordance with the terms of this Agreement and fulfill all obligations.
LIABILITY AND INDEMNIFICATION. Both Parties shall indemnify and hold the other Party harmless from any claims, damages, liabilities, costs, and expenses, including reasonable attorneys' fees, arising out of or in connection with their performance under this Agreement, except for claims caused by the Party's negligence or willful misconduct. The obligation of the Licensor to indemnify and hold harmless the Licensee shall be limited to the actual damages suffered by the Licensee as a result of any breach of the Licensor's warranties or representations.
Either Party shall promptly notify the other Party of any claim or action asserted against the Licensor in connection with the use of the Photo, and the second Party shall have the right to control the defense of any such claim or action.
TERMINATION OF AGREEMENT. This Agreement shall commence on the Effective Date and continue until unless otherwise agreed by the Parties in accordance with the terms of this Agreement.
Either Party may terminate this Agreement at any time before the termination date by providing the other Party with days prior written notice.
Either Party may terminate this Agreement upon days written notice to the other Party if the other Party violates this Agreement and fails to cure such violation within the specified notice period.
In addition, either Party may terminate this Agreement immediately upon written notice to the other Party if the other Party becomes insolvent or files for bankruptcy.
Upon termination of this Agreement, the Licensee shall immediately cease all use of the Photo and either return or destroy all copies of the Photo that are in the Licensee's possession or control.
ASSIGNMENT. The Licensee can assign this License to any third party without obtaining prior written consent from the other Party.
NOTICE. Any notice, request, demand, or other communication required under this Agreement shall be in writing and shall be deemed duly given either if delivered personally or sent by registered mail to the address set forth below or if its electronic copy is delivered to the email address set forth below:
If to the Licensor:
Attn.
, USA
If to the Licensee:
Attn.
, USA
Either Party may change its address for receipt of notices by giving written notice to the other Party.
Notices shall be deemed received on the day of delivery if sent by hand or courier service or on the third business day after the date of posting if sent by registered mail or email.
CONFIDENTIALITY. The Parties agree to keep all confidential information disclosed during this Agreement and not to share such information with any third party unless required by law. The Parties agree not to use the confidential information for any purpose other than what is necessary to fulfill their obligations under this Agreement.
This confidentiality clause shall remain in effect after the termination or expiration of this Agreement.
GOVERNING LAW AND DISPUTE RESOLUTION. This Agreement shall be governed by and construed in accordance with the laws of the State of , except for its conflict of laws principles, and shall be subject to the United States Copyright Act.
In the event of any dispute, controversy, or claim arising out of or relating to this Agreement, including its interpretation, performance, breach, termination, or validity, the Parties agree to initially seek an amicable resolution through negotiations and mediation.
Any breach of this Agreement that cannot be resolved by negotiations between the Parties shall be exclusively resolved by the courts of the State of .
FORCE MAJEURE. Neither Party shall be liable for any failure to perform or delay in performing the obligations under this Agreement if such failure or delay is caused by events of force majeure, including but not limited to acts of God, war, terrorism, strikes, lockouts, labor disputes, pandemics, epidemics, governmental regulations, or any other similar causes beyond the reasonable control of the affected Party.
In the case of force majeure, the affected Party shall immediately notify the other Party in writing and provide reasonable proof of the cause of the delay or inability to perform the obligations. The Party affected by force majeure shall endeavor to mitigate the consequences of such circumstances and resume the performance of obligations as soon as possible after the circumstances cease to exist.
If the force majeure circumstances last more than days, either Party may terminate this Agreement by giving written notice to the other Party. In this case, neither Party shall be liable to the other Party for any damages arising from the termination of this Agreement.
SEVERABILITY. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.
WAIVER. The failure of any Party to enforce a particular provision of this Agreement shall not constitute a waiver of their right to enforce that provision in the future.
ENTIRE AGREEMENT. This Agreement constitutes the entire understanding between the Parties and supersedes all prior or current agreements, understandings, negotiations, or discussions, whether oral or written, relating to the subject matter of this Agreement. Any amendments or modifications to this Agreement must be in writing and signed by both Parties.
BINDING EFFECT. This Agreement shall be binding upon the Parties hereto and their respective successors.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
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THE LICENSOR |
THE LICENSEE |
, USA
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, USA
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______________________________ (Place for signature)
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______________________________ (Place for signature)
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