THIS COPYRIGHT LICENCE AGREEMENT is entered into on 08 December 2021
(1) PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Licensor)
(2) PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Licensee)
(A) The Licensor has created a work in which copyright subsists entitled WORK brief particulars of which are set out in Schedule 1 and is the legal and beneficial owner of the copyright.
(B) The Licensor has agreed to grant a licence to the Licensee to use and reproduce the copyright on the terms and conditions of this Agreement.
It Is Agreed as follows:
1.1 In this Agreement unless the context otherwise requires the following expressions shall have the following meanings:
Commencement Date means the date on which this Agreement shall commence as specified in Schedule 1;
Copyrights means the copyright and other rights of like nature granted in JURISDICTION_STATE and throughout the world in the materials specified in Schedule 1 or as otherwise specified by the Licensor from time to time;
Method of Payment means the method of payment of the Royalties payable by the Licensee to the Licensor as specified in clause 6;
Net Sales Price means the price charged or invoiced in respect of any Product after allowing normal trade discounts and any credits given by the Licensee for defective goods but excluding insurance, carriage, packaging and any taxes or duties on the Products provided that the sums are actually incurred or the discounts are actually given and that the sums may be readily determined by generally accepted accounting practices;
Products means the products specified in Schedule 1;