This is an agreement between you, the video producer (hereafter known as "THE PRODUCER"), and FetishCOD.com, an Arizona LLC, (hereinafter known as "THE COMPANY")
Whereas, THE PRODUCER is the owner to all rights of digital video footage (hereafter known as "CLIPS"), including the right to grant a license to THE COMPANY authorizing sale of CLIPS from stores set up by THE PRODUCER and WHEREAS, THE COMPANY is seeking to obtain a license to sell the CLIPS on their FetishCOD.com website and likewise THE PRODUCER wishes to grant a license to THE COMPANY.
In consideration of the promises and agreements set forth herein, the parties, each intending to be legally bound hereby, do promise and agree as follows:
1. LICENSE
THE PRODUCER hereby grants THE COMPANY a non-exclusive license for the internet to sell the above described CLIPS on THE COMPANY'S FetishCOD.com site for the purpose of distributing digitized CLIPS suitable for single-use viewing by customers of FetishCOD.com, including, but not limited to, internet delivery and all other forms of electronic delivery, without limitation, for a period of ONE (1) year from the date of this agreement. Delivery may be made to any internet ready device including computers, televisions and mobile devices such as PDAs, phones and laptops. This agreement shall automatically renew for additional periods of one year thereafter, or until either party gives the other written notice of termination within 30 days prior to the end of the prior date.
2. COMPENSATION
In consideration for the license granted, THE COMPANY will pay THE PRODUCER sixty* percent (60%*) of all revenue generated from sales of CLIPS through THE COMPANY'S FetishCOD.com website. THE COMPANY will pay THE PRODUCER by the 10th of each month for the previous month's earnings share. To receive payment, THE PRODUCER must have accrued a minimum of $50 in net revenue. THE COMPANY will post stats and hold earnings until the $50 minimum payment threshold has been reached and will compensate THE PRODUCER on the 10th of month after that threshold has been reached.
*Any individual clip sales that are referred directly via the FetishCOD.com affiliate system are paid out to THE PRODUCER at a rate of 50% with 20% of the sale being paid to the referring affiliate.
3. COPYRIGHTS AND TRADEMARKS
4. WARRANTIES, REPRESENTATIONS AND INDEMNIFICATIONS
5. TERMINATION
The following rights to termination of this agreement are in addition to any termination rights that may be provided above.
6. NOTICES
Any notices required to be given pursuant to this agreement shall be IN WRITING and mailed by registered or certified mail with return receipt requested, OR delivered by any large commercial delivery service with signature required.
7. JURISDICTION AND DISPUTES
The performance, validity and interpretation of this agreement shall be governed by the laws of The State Of Arizona, without regard to any conflicts of law rules. Any claim or dispute arising with respect to this agreement which is incapable of resolution will be resolved by arbitration before one (1) arbitrator in Phoenix, AZ in accordance with the Rules for Commercial Arbitration of the American Arbitration Association ["AAA"]. The appointing agency shall be the AAA and the arbitrator shall apply Phoenix, AZ law to interpret this Agreement and fashion a damage award.
8. AGREEMENT BINDING ON SUCCESSORS
This Agreement shall be binding on and shall inure to the benefit of the parties hereto, and their respective successors, and assigns.
9. WAIVER
No waiver by either party of any default shall be held as a waiver of any prior or subsequent default of the same or other provisions of this agreement.
10. SEVERABILITY
If a court of correct and competent jurisdiction holds any provision invalid or unenforceable, such invalidity shall not affect the validity or operation of any other provision and such invalid provision shall be deemed to be severed from this agreement.
11. ASSIGNABILITY
The license granted hereunder is personal to THE PRODUCER and may not be assigned by any act of THE PRODUCER, or by any operation of law, unless in connection with a transfer of substantially all the assets of THE PRODUCER or with the consent of THE COMPANY. THE PRODUCER shall, however, have the right to assign it's rights and obligations under this Agreement, upon written notice, to THE COMPANY. THE COMPANY shall, however, have the right to assign it's rights and obligations under this agreement upon written notice to THE PRODUCER.
12. INTEGRATION
This Agreement constitutes the entire understanding of the parties, and supercedes and revokes all prior agreements between the parties and is intended as a final expression of their agreement. It shall not be modified or amended except in writing signed by the parties hereto and specifically referring to this agreement. This agreement shall take precedence over any and all other documents that may be in conflict with it.