New Mexico License Agreement: Site-Based Media, Inc. and NBC Site Media, Inc. Keywords: New Mexico, License Agreement, Site-Based Media, NBC Site Media, attachments Introduction: This detailed description provides an overview of the New Mexico License Agreement between Site-Based Media, Inc. (SBM) and NBC Site Media, Inc. It highlights the key provisions, obligations, and attachments within the agreement. 1. Agreement Overview: The New Mexico License Agreement outlines the terms and conditions governing the rights and obligations of both parties, SBM and NBC Site Media, in relation to the use and distribution of licensed content. 2. Parties to the Agreement: This agreement is between Site-Based Media, Inc., a media company specializing in digital advertising solutions, and NBC Site Media, Inc., a subsidiary of the NBC broadcasting network. 3. Grant of License: The agreement grants NBC Site Media the non-exclusive right to use, reproduce, distribute, and display SBM's licensed content within the state of New Mexico. The license is limited to specific media platforms agreed upon between the parties. 4. Restrictions: The agreement outlines various restrictions on the use of licensed content by NBC Site Media. These may include limitations on altering the content, unauthorized sublicensing, or displaying the content outside the agreed geographical area. 5. Term of the Agreement: The agreement specifies the duration of the license, including the start and end dates. It also provides provisions for renewal or termination, along with respective notice periods. 6. Payment Terms: The agreement details the financial arrangements between SBM and NBC Site Media, including the payment structure, due dates, and any royalties or revenue sharing arrangements based on the use of licensed content. 7. Representations and Warranties: Both parties make certain representations and warranties. For example, SBM warrants it has the legal rights to license the content, while NBC Site Media represents that it will not use the content in a way that violates any applicable laws or infringes upon third-party rights. 8. Indemnification: The agreement includes provisions for indemnification, whereby each party agrees to defend, hold harmless, and reimburse the other party for any damages, expenses, or losses resulting from a breach of the license agreement. 9. Confidentiality: The parties agree to maintain the confidentiality of any proprietary or sensitive information shared during the course of the agreement, ensuring it is not disclosed or utilized by unauthorized individuals. Attachments: Attachments to the New Mexico License Agreement may include additional documents that support and supplement the terms and conditions. These could include: a. Content Exhibit: An attachment containing a comprehensive list of the licensed content, including descriptions, specifications, and any limitations on use. b. Geographic Exhibit: A document specifying the exact geographical boundaries within New Mexico where NBC Site Media is granted the rights to use the licensed content. c. Payment Schedule: An attachment outlining the payment structure and detailed schedule, including any applicable discounts or penalties. d. Copyright Assignment: This attachment may cover the transfer or assignment of copyright ownership from SBM to NBC Site Media for the duration of the license agreement. e. Compliance Checklist: A document outlining the obligations and requirements for compliance with local regulations and laws regarding the use of licensed content. Conclusion: The New Mexico License Agreement between Site-Based Media, Inc. and NBC Site Media, Inc. establishes the framework for the licensing and distribution of content within New Mexico. By addressing key provisions and attachments, the agreement ensures a clear understanding of the rights and obligations of both parties while protecting their interests.
New Mexico License Agreement with attachments between Site-Based Media, Inc. and NBC Site Media, Inc.
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A license contract, also known as a license agreement or licensing agreement, is a type of contract where one party (the licensor) grants another party (the licensee) the right to produce, use, sell, and/or display the licensor's protected material.
A content licensing agreement allows companies to repurpose or republish material through a legal contract. Often called a copyright license, it's a flexible solution for companies that wish to distribute previously published materials.
These are some common types of licensing agreements: Trademark license - outlines how you may use a trademark Patent license - outlines your right to sell, use, make distribute and export a product that is patented Copyright license - outlines your right to reproduce and sell copyrighted assets.
To get back to basics, content licensing allows companies to republish or repurpose published material through a legal agreement often referred to as a copyright license. It's a flexible solution for companies looking to add to their digital magazines, blog posts or other content initiatives.
Key Takeaways. A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.