VIRTUAL CINEMA 2021 | LICENSING AGREEMENT

LICENSING AGREEMENT

 

DEFINITIONS

"Agreement" shall mean this document.

"Application" shall mean the online or paper application submitted by Filmmaker to Vegas Movie Awards when submitting a film to the Film Festival. 

"Effective Date" shall mean the date a Filmmaker submits a film to the Film Festival.

"Film Festival" shall mean The Vegas Movie Awards Online Film Festival.

"Producer" shall mean the undersigned person who owns all right, title, and interest, including copyright in and to the Work, who submitted a film to the Film Festival and agreed to this Agreement. 

"Work" shall mean the film submitted by the Filmmaker to the Film Festival. "VMA" shall mean Vegas Movie Awards.

“Festival Screening Platform” shall mean the on line video platform VMA uses to make available screenings.

 

AGREEMENT

This Licensing Agreement (the "Agreement") is entered into between Vegas Movie Awards ("VMA"), with an address at 4703 Heartstone Circle, Las Vegas NV. 89129, and the undersigned applicant (the "Producer"), with an address as listed in the Producer's submission to the Film Festival (the "Submission").

 

WHEREAS, VMA produces an online virtual screening associated with the Online Film Festival (the "Film Festival"), which highlights independent films from around the world;

 

WHEREAS, Producer is the producer of, and owns all right, title, and interest, including copyright in and to, the short or feature film submitted to the Film Festival (the "Work");

 

WHEREAS, Producer wishes to allow VMA to display the Work on VMA's website and dedicated screening platform, to showcase the Work at the Film Festival and various screenings;

 

NOW THEREFORE, in consideration of the mutual representations, covenants, and other terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

Effective Date.

This Agreement shall become effective as of the date of the Producer's submission of a film to the Film Festival (the "Effective Date").

 

Grant.

Producer hereby grants to VMA the non-exclusive right, but not the obligation, to broadcast, showcase the Work online, and in as many screenings as desired. 

 

Submission options.

Producer have two options under which to submit their work;

 

“BOX OFFICE”

- Submission fee $169

- Royalties, Producer will receive 50% prorated revenue share on all net revenue generated from actual ticket sales beyond $100. 

“OPEN SEATING”

- Submission fee $69

- Producer will not receive any payment or monetary consideration of any kind for submitting the Work, having the Work shown for the Film Festival, or having the Work otherwise exploited by VMA.

 

For the avoidance of doubt, VMA has no obligation to display the Work on VMA's website or Screening Portal, or to screen the Work at any physical VMA events.

 

Term.

The initial term of this agreement is one (1) year “Initial Term” from placement on the Festival screening platform.  The Term will automatically renew for an additional on year term (the “Additional Term”) unless producer provides written notice of termination not less than 30 days prior to the end of the original Term. 

a) Early termination, Producer can terminate this agreement by providing a 30 day notice prior to the end of the initial term by paying VMA a $99 early termination fee. There will be no charge for terminating Additional Terms beyond the Initial Term.  

Delivery.

In the event that the Work is selected for the Festival, Producer agrees to deliver a high-resolution digital copy of the Work to VMA as a condition to completion of the application. Additional formats may be requested in the future as additional screening options become available.

 

Promotional Use.

Producer hereby grants to VMA the irrevocable, non-exclusive right, but not the obligation, to advertise and promote the Work, by whatever method and in whatever media VMA deems appropriate, which shall include the right to edit, dub or otherwise alter the Work and to couple and combine the Work with other material (including material taken from other productions). Producer also grants VMA the right to use Producer biographical information (not including personal information) and the likenesses of people who appear in the Work in connection with the rights granted in this Agreement.

 

Proprietary Rights.

Credit and Attribution. As between Producer and VMA, Producer shall be the sole owner of all intellectual property rights in the Work. VMA shall give Producer credit in connection with the exploitation of the Work by identifying Producer in a prominent manner in conjunction with the advertising and promotion of the Work.

 

Warranties and Representations.

Producer warrants and represents that:

 

- Producer has the right to enter into this Agreement and grant the rights granted herein, and that there has been no prior sale, publication or transfer of rights to the Work or any party thereof which conflicts with the rights granted to VMA in this Agreement.

 

- The Work is Producer's original work, and does not now and will not violate any existing intellectual property rights, including, without limitation, copyright, trademark, or any other proprietary or contractual rights, and that the Work contains no matter which, if published, will be harassing, libelous, obscene, or a violation of any rights of publicity or privacy, or any law or regulation. Producer will fully cooperate with VMA in responding to and defending against any third-party claim related to the Work.

 

- Indemnification. Producer, at his or her or its own expense, shall indemnify and hold harmless VMA, its successors and assigns, directors, officers, employees, and agents against any claim, demand, cause of action, expense or liability (including reasonable attorneys' fees and costs), arising from any third party claim that Producer's Work infringes such third party's intellectual property rights, rights of privacy  or rights of publicity.

 

- Limitation of Liability. Under no circumstances and under no legal  theory, whether under tort, contract, or otherwise, shall VMA have any liability to Producer for any claim arising out of this Agreement for any indirect, special, punitive, incidental, or consequential damages arising during and/or as a result of the breach or non­ performance of this Agreement regardless of the cause thereof, even if such party shall have been informed of the possibility of such damages, or for any claim by any other person.

 

Assignment.

This Agreement shall  inure  to  the  benefit  of  and  be  binding  upon the subsidiaries, licensees, successors, heirs, and assigns of the parties hereto.

 

Survival of Terms.

Notwithstanding any expiration or termination of specific paragraphs of this Agreement, remaining paragraphs shall survive and remain in effect in accordance with their terms.

 

Miscellaneous.

- All notices and other communications under this Agreement shall be in writing and shall be deemed given when delivered by hand or five (5) business days after being deposited with an international overnight courier, to the address set forth above or such other addresses as either party shall specify in a written notice to the other.

 

- This Agreement is to be governed by and construed and enforced in accordance with the substantive laws of the State of Nevada, without giving effect to the conflict of laws or choice of laws provisions thereof, and the parties hereto submit and consent to the jurisdiction of the courts in the State of Nevada, including Federal Courts therein, should Federal jurisdiction requirements exist, in any action to enforce (or otherwise relating to) this Agreement.

 

- If any provision of this Agreement, or the application thereof to any person, place or circumstance, shall be held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, such provision shall be enforced to the maximum extent possible so as to effect the intent of the parties, or, if incapable of such enforcement, shall be deemed to be deleted from this Agreement, and the remainder of  this  Agreement  and  such  provisions  as  applied  to  other  persons,  places  and circumstances shall remain in full force and effect.

 

- The waiver by either party of a breach of or a default under any provision of this Agreement, shall not be effective unless in writing and shall not be construed as a waiver of any subsequent breach of or default under the same or any other provision of this Agreement, nor shall any delay or omission on the  part of either party to  exercise or avail itself of any right or remedy that it has or may have hereunder operate as a waiver of any right or remedy.

 

- This Agreement shall not be construed as creating an agency, partnership, joint venture or any other form of association, for tax purposes or otherwise, between the parties; the parties shall at all times be independent contractors under this Agreement.

 

- Headings used in this Agreement are for reference purposes only and shall not be deemed a part of this Agreement.

 

- This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior or contemporaneous representations, discussions, proposals, negotiations, conditions, and agreements, whether oral or written, between the parties relating to the subject matter of this Agreement. This Agreement shall not be amended except by a written agreement subsequent to the Effective Date and signed on behalf of the party against which enforcement is sought.

 

- This Agreement may be executed in counterparts, all of which collectively constitute a single document and each such counterpart shall be binding upon the parties.

 

IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

By checking the "I have read and accept the Licensing Agreement" clause in the Application, Producer accepts and agrees to comply with the foregoing terms and conditions.

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