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Merchandising Agreement

In: Business and Management

Submitted By beat7982
Words 7640
Pages 31
MERCHANDISING LICENSE AGREEMENT This MERCHANDISING LICENSE AGREEMENT (the “M/L Agreement”) is made and entered into as of December 15, 2010 (the “Effective Date”) by and between LICENSEE(“LICENSEE”) and ARTIST(“Licensor”) with respect to the recording and performing artist, Artist(“Artist”) RECITALS RECITAL ONE. RECITAL TWO. . RECITAL THREE. RECITAL FOUR. Licensor and Artist represent and warrant to and for the benefit of LICENSEE that neither Artist no Licensor will now or hereafter make any effort or take any action to waive, disavow, renounce or reject this Agreement or Licensor and Artist’s obligations hereunder whether based on the Artist Declaration or any assertion made by Artist therein. RECITAL FIVE. THE parties agree that the following terms and conditions will govern the merchandising, licensing, fan club and ticketing relationship between Artist and Licensee on a going forward basis. Now therefore, in consideration of the foregoing and for good and valuable consideration the receipt and sufficiency of which is hereby mutually acknowledged, the parties agree as follows: MERCHANDISING AND LICENSING AGREEMENT

1) MATERIAL INDUCEMENT. Licensor understands and agrees that the representations and warranties set forth in Recital Three and Recital Four, above, are a material inducement to LICENSEE’s entering into this M/L Agreement and that a breach of either such representation and warranty will constitute a material breach of this M/L Agreement and the Settlement M/L Agreement. 2) LICENSES AND RELATED TERMS. Subject to the terms and conditions hereof, Licensor hereby grants to LICENSEE, the sole and exclusive right and license to use the Licensed Marks and Materials and Artist Artwork (defined in Section 9) in connection with the rights listed in the subsections 2(a) through 2(g), below: For the avoidance of doubt all distribution rights, including those of...

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