Video Material Release Agreement

VIDEO MATERIAL RELEASE AGREEMENT

This Video Material Release Agreement (Effective Date: ) is entered into by and between Producer Name: (referred to herein as "Producer") and Releasor Name: (referred to herein as "Releasor"). Producer and Releasor are collectively referred to as the "Parties."

RECITALS

WHEREAS, Producer is engaged in the production, distribution and exploitation of audio-visual works, including but not limited to motion pictures, promotional videos, digital content and related media (collectively, "Productions");

WHEREAS, Releasor has agreed to provide certain video, audio, photographic and other recorded material, including performances and interviews (collectively, "Material"), to Producer in connection with Producer's Production entitled Project Title: ;

WHEREAS, The Parties desire to define their rights and obligations regarding the acquisition, use, ownership and exploitation of the Material.

NOW, THEREFORE, in consideration of the mutual covenants, promises and other good and valuable consideration set forth below, the Parties agree as follows:

1. GRANT OF RIGHTS

1.1 Grant. Releasor hereby irrevocably grants, assigns and conveys to Producer, its successors, licensees and assigns, the exclusive, perpetual, transferable, sublicensable right and license to record, reproduce, edit, adapt, publish, distribute, broadcast, exhibit, display, transmit and otherwise exploit the Material, in whole or in part, in any and all media now known or hereafter devised, throughout the Territory (as defined below), for the Term (as defined below), for any purpose related to the Production, advertising, publicity, promotion, merchandising and ancillary exploitation.

1.2 Moral Rights. To the maximum extent permitted by law, Releasor irrevocably waives and agrees not to assert any so-called "moral rights," droit moral or similar rights of attribution, integrity or authorship in or to the Material, and agrees that Producer may freely edit, alter, combine or omit portions of the Material without further consent.

2. DESCRIPTION AND DELIVERY OF MATERIAL

Releasor represents that all delivered or to-be-delivered Material shall be sufficient in quality for Producer's intended uses and that Releasor will deliver the Material to Producer at Producer's direction within a reasonable time following the Effective Date. Delivery method and specifications:

3. TERM AND TERRITORY

3.1 Term. The rights granted herein shall be effective as of the Effective Date and shall continue in perpetuity unless otherwise terminated in accordance with this Agreement. If a finite term is negotiated, enter number of years: years.

3.2 Territory. The rights granted in Section 1 shall be exercisable worldwide. If limited territory is required, specify: .

4. CONSIDERATION

4.1 Payment. As full and complete consideration for the rights granted herein, Producer shall pay Releasor the sum of (US Dollars) or other agreed consideration described below.

5. REPRESENTATIONS, WARRANTIES AND AUTHORIZATIONS

Releasor represents and warrants that Releasor is the sole owner of all rights in the Material or has the full legal authority to grant the rights granted herein; that the Material does not infringe the rights of any third party; and that no other consents, releases or authorizations are required for Producer to exercise the rights granted in this Agreement. Releasor shall promptly notify Producer of any claims asserted by any third party relating to the Material.

6. USE OF NAME, LIKENESS AND PERSONAL RIGHTS

Releasor hereby grants to Producer the right to use Releasor's name, voice, likeness, image, biography, performance and other personal attributes embodied in the Material in connection with the exploitation of the Material and the Production. Releasor acknowledges that Producer's use may include editing and juxtaposition with other content and consents to such uses without additional compensation.

Is Releasor a minor under applicable law? Yes. If yes, Parent/Guardian must execute below and enter Parent/Guardian Name:

7. OWNERSHIP; NO OBLIGATION TO USE

7.1 Ownership. Except for the license and assignment of rights expressly granted herein, Producer shall own all right, title and interest in and to the Production and any recordings, edits, versions, masters and works derived therefrom, including copyrights, and Releasor shall have no ownership right in the finished Production.

7.2 No Obligation to Use. Producer shall have no obligation to use, exploit or distribute the Material or any portion thereof. Producer's decisions as to use, format, distribution channels and release are at Producer's sole discretion.

8. INDEMNIFICATION

Releasor shall indemnify, defend and hold harmless Producer and its officers, directors, agents, employees, licensees and assigns from and against any and all losses, liabilities, claims, damages, costs and expenses (including reasonable attorneys' fees) arising out of any breach of Releasor's representations, warranties or obligations under this Agreement or any claim that the Material or its use infringes or violates the rights of any third party.

9. CONFIDENTIALITY

Except as required for the exercise of rights herein or as necessary for distribution, marketing or legal compliance, the Parties shall keep confidential any non-public business information disclosed in connection with this Agreement. Confidential information does not include information that is or becomes publicly known without breach of this Agreement.

10. TERMINATION

Either Party may terminate this Agreement for material breach by the other Party if such breach is not cured within thirty (30) days after written notice specifying the nature of the breach. Termination shall not affect rights exercised by Producer prior to termination, and Sections regarding ownership, indemnification and limitations of liability shall survive termination.

11. NOTICES

All notices, requests, demands and other communications under this Agreement shall be in writing and shall be delivered to the addresses below by personal delivery, nationally recognized overnight courier or certified mail (return receipt requested).

12. MISCELLANEOUS

12.1 Amendments. Any amendment or modification of this Agreement must be in writing and signed by both Parties.

12.2 Waiver. No waiver of any provision shall be effective unless in writing signed by the Party waiving performance; no waiver shall constitute a waiver of any other provision or any subsequent breach.

12.3 Severability. If any provision of this Agreement is determined to be invalid or unenforceable, such provision shall be reformed to the extent necessary to make it valid and enforceable, or if not reformable, it shall be severed and the remainder of this Agreement shall remain in full force and effect.

12.4 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of laws rules.

12.5 Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings and negotiations, whether written or oral.

REPRESENTATIVE INFORMATION

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