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The Daily Reel Syndication Program
DEAL MEMORANDUM
The following are the terms of the Agreement between The Daily Reel LLC, a California limited liability company (“Company”) and ______________ (“Artist”) in connection with the short form content entitled “________________” (the “Video”).
1. Compensation:
a. Revenues will be split 50/50, based on revenues received by TDR.
b. Artist will receive payments at the end of the month, 30 days after The Daily Reel receives payments from third parties. If payment is less than $25.00, payment will be deferred until payment due is greater than $25.00.
c. The Daily Reel has the right to recoup direct expenses of any costs directly related to syndicating content, including but not limited to conversion, replication, hosting and shipping, prior to payment.
2. Rights:
a. Artist assigns rights to syndicate this content on a non-exclusive basis to Company, throughout the universe in perpetuity in all media, markets and languages and in any manner now known or hereafter devised (the “rights”)
b. In all cases, Artist retains copyright to the Video.
3. Credit:
a. Artist will receive onscreen credit where possible. Company cannot guarantee this credit.
b. TDR has the right to add a 5 second credit for The Daily Reel at the end of the video.
4. Delivery:
a. Artist must upload a full quality master of the video to Company FTP server. We may request a master on a Digital Video cassette as well. These masters must be free of any advertising or promotional graphics.
5. Warranty:
a. The Artist warrants that he is the sole proprietor of the Work and that the Work is original, or the material is in the public domain or otherwise licensed for use in said Work; that the Work does not infringe on any copyright, trademark, patent, statutory right, or proprietary right of others.
6. Indemnification by Artist:
a. Artist agrees to indemnify Company, its associated, affiliated and related entities, parent, successors, assigns, licensees and each of their officers, directors, employees and agents (collectively, "Company Parties"), and hold them harmless from and against any and all claims, liability, judgments, losses, damages, costs and expenses, including penalties, interest, and attorney's fees and costs in the defense and disposition of such matters (collectively, “Damages and Expenses”) arising out of, resulting from, based upon or incurred because of a breach or alleged breach of the Agreement hereof by Artist.
7. Miscellaneous:
a. This Agreement is the entire agreement of the parties. No amendment, alteration or other modification of this Agreement shall be valid or binding on either party hereto unless in writing and signed by both parties. No waiver of any provision of this Agreement shall be effective unless in writing and signed by the party waiving its rights, and no waiver in any one instance shall be deemed a waiver in any subsequent instance. This Agreement shall be governed by the laws of the State of California.
The following are the terms of the Agreement between The Daily Reel LLC, a California limited liability company (“Company”) and ______________ (“Artist”) in connection with the short form content entitled “________________” (the “Video”).
1. Compensation:
a. Revenues will be split 50/50, based on revenues received by TDR.
b. Artist will receive payments at the end of the month, 30 days after The Daily Reel receives payments from third parties. If payment is less than $25.00, payment will be deferred until payment due is greater than $25.00.
c. The Daily Reel has the right to recoup direct expenses of any costs directly related to syndicating content, including but not limited to conversion, replication, hosting and shipping, prior to payment.
2. Rights:
a. Artist assigns rights to syndicate this content on a non-exclusive basis to Company, throughout the universe in perpetuity in all media, markets and languages and in any manner now known or hereafter devised (the “rights”)
b. In all cases, Artist retains copyright to the Video.
3. Credit:
a. Artist will receive onscreen credit where possible. Company cannot guarantee this credit.
b. TDR has the right to add a 5 second credit for The Daily Reel at the end of the video.
4. Delivery:
a. Artist must upload a full quality master of the video to Company FTP server. We may request a master on a Digital Video cassette as well. These masters must be free of any advertising or promotional graphics.
5. Warranty:
a. The Artist warrants that he is the sole proprietor of the Work and that the Work is original, or the material is in the public domain or otherwise licensed for use in said Work; that the Work does not infringe on any copyright, trademark, patent, statutory right, or proprietary right of others.
6. Indemnification by Artist:
a. Artist agrees to indemnify Company, its associated, affiliated and related entities, parent, successors, assigns, licensees and each of their officers, directors, employees and agents (collectively, "Company Parties"), and hold them harmless from and against any and all claims, liability, judgments, losses, damages, costs and expenses, including penalties, interest, and attorney's fees and costs in the defense and disposition of such matters (collectively, “Damages and Expenses”) arising out of, resulting from, based upon or incurred because of a breach or alleged breach of the Agreement hereof by Artist.
7. Miscellaneous:
a. This Agreement is the entire agreement of the parties. No amendment, alteration or other modification of this Agreement shall be valid or binding on either party hereto unless in writing and signed by both parties. No waiver of any provision of this Agreement shall be effective unless in writing and signed by the party waiving its rights, and no waiver in any one instance shall be deemed a waiver in any subsequent instance. This Agreement shall be governed by the laws of the State of California.
