This Copyright License Agreement is between the owner of a copyright (licensor) and a party who desires to license the copyrighted work (licensee). This license agreement contains provisions pertaining to the rights granted, licensor’s rights and obligations and the term of the license. This Copyright License Agreement also contains a provision regarding the payment of royalties for use of the copyrighted work.
COPYRIGHT LICENSE AGREEMENT
This AGREEMENT is entered into this _______________day of ________________________, 20_______________, by and between __________________________________________ of ____________________________________________________________ (the "Licensor") and ____________________________________ of _________________________________ (the "Licensee").
The parties agree as follows:
1. Rights Granted.
Licensor hereby grants to Licensee, its successors and assigns, an exclusive right, worldwide license to copy, distribute, display, perform, transmit, publish and sell throughout the following Work ______________________________________________________ (“Work”).
2. Licensor's Rights and Obligations.
The Licensor will continue to retain all rights of every kind and nature in the Work except those specifically granted to Licensee hereunder.
For the rights granted by Licensor herein, Licensee shall pay to Licensor a royalty as follows:
4. Written Statement.
Licensee shall render quarterly written statements to Licensor, within forty-five (45) days after the end of each quarter during which the Work is sold specifying the royalties due to Licensor with respect to such Work. Such statement shall be accompanied by payment of the royalty amount due.
Licensor reserves the right, upon reasonable notice, to review the records of Licensee to verify the royalties paid. Any such audit will be conducted at Licensor's expense and at such times and in such a manner as to not unreasonably interfere with Licensee's normal operations.
5. Warranty and Indemnification.
a. Licensor warrants and represents that:
(i) it has the full right, power and authority to enter into this Agreement and to grant the rights granted herein.
(ii) it has not previously licensed the Work to any third party and
(iii) that Licensee's use of the Work will not violate any rights of any kind or nature whatsoever of any third party.
b. Licensor shall indemnify and hold harmless Licensee, its successors, assigns and licensees, and the respective officers, directors, agents and employees, from and against any and all claims, damages, liabilities, costs and expenses (including reasonable attorneys' fee), arising out of or in any way connected with any breach of any representation or warranty made by Licensor herein.
c. Licensee shall indemnify and hold harmless Licensor, its successors, assigns and licensees, and the respective officers, directors, agents and employees, from and against any and all claims, damages, liabilities, costs and expenses (including reasonable attorneys' fees), arising out of or in any way connected with any claim that the Work infringes any intellectual property rights or other rights of any third party.
6. Term and Termination.
This Agreement shall be effective from the date above written and shall continue for a period of ___________________ years, unless terminated earlier by either parties.
This Agreement shall be subject to termination at the election of Licensor, by written notice to Licensee, where there has been a default in the due observance or performance of any material covenant, condition or agreement herein by Licensee, and such default has continued for a period of thirty (30) days after written notice specifying the same shall have been given to Licensor.
This Agreement shall be subject to termination at the election of Licensee, by written notice to Licensor, where there has been a default in the due observance or performance of any material covenant, condition or agreement herein by Licensor and such default has continued for a period of thirty (30) days after written notice specifying the same shall have been given to Licensee.
7. General Provisions.
This Agreement is binding upon and shall inure to the benefit of the respective successors and/or assigns of the parties hereto.
This Agreement sets forth the entire agreement between the parties with respect to the subject matter hereof, and may not be modified or amended except by written agreement executed by the parties hereto.
c. Governing Law: Forum.
This Agreement shall be governed by the laws of the State of _______________________, applicable to agreements made and to be wholly performed therein.
The address of each party hereto as set forth below shall be the appropriate address for the mailing of notices, checks and statements, if any, hereunder. All notices shall be sent certified or registered mail and shall not be deemed received or effective unless and until actually received. Either party may change their mailing address by written notice to the other.
IN WITNESS WHEREOF, the parties have caused this License Agreement to be executed the day and year set forth above.
[Name and Address of Licensor]
[Name and Address of Licensee]