The Stock Footage License Agreement is essential for organizations and individuals seeking to legally acquire and use pre-recorded video content in India. This document is particularly relevant in today's digital age where stock footage is extensively used across various media platforms. The agreement ensures compliance with Indian intellectual property laws, particularly the Copyright Act, 1957, and the Information Technology Act, 2000. It specifies crucial elements such as usage rights, territorial restrictions, modification permissions, and payment terms. The document is designed to protect both the footage owner's intellectual property rights and the licensee's commercial interests while ensuring clear guidelines for footage utilization across different media formats and platforms.
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1. Parties: Identification of the licensor (footage owner) and licensee with full legal names and addresses
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Grant of License: Specific rights being granted to the licensee and the scope of permitted usage
5. License Fee and Payment Terms: Details of licensing fees, payment schedule, and payment methods
6. Usage Restrictions: Specific limitations on how the footage can be used, modified, or distributed
7. Term and Termination: Duration of the license and conditions for termination
8. Representations and Warranties: Guarantees regarding ownership, rights, and quality of the footage
9. Intellectual Property Rights: Statement of ownership and protection of intellectual property
10. Indemnification: Obligations to protect against claims and losses
11. Confidentiality: Requirements for maintaining confidentiality of sensitive information
12. Governing Law and Jurisdiction: Applicable law and courts for dispute resolution
1. Territory Restrictions: Specific geographical limitations on footage usage, included when license is territory-specific
2. Sublicensing Rights: Terms for allowing licensee to sublicense the footage to third parties, if permitted
3. Credit and Attribution: Requirements for crediting the footage owner, if required
4. Quality Control: Standards for maintaining footage quality in different formats, if specific quality requirements exist
5. Moral Rights: Recognition and handling of moral rights, particularly relevant for artistic works
6. Insurance Requirements: Specific insurance coverage requirements, typically for high-value or high-risk usage
7. Audit Rights: Right to audit licensee's usage of footage, typically for revenue-share arrangements
8. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
1. Schedule A - Licensed Footage: Detailed list and description of all footage covered by the license
2. Schedule B - Technical Specifications: Technical details including format, resolution, frame rate, and delivery specifications
3. Schedule C - Fee Schedule: Detailed breakdown of licensing fees and payment terms
4. Schedule D - Usage Guidelines: Specific guidelines and examples of permitted and prohibited uses
5. Appendix 1 - Delivery Schedule: Timeline and method for footage delivery
6. Appendix 2 - Quality Standards: Detailed quality requirements and acceptance criteria
Relevant legal definitions
Clauses
Relevant Industries
Media and Entertainment
Advertising
Broadcasting
Digital Marketing
Education
Corporate Communications
Film Production
E-learning
Social Media
News and Journalism
Gaming and Animation
Relevant Teams
Legal
Content Acquisition
Digital Production
Creative Services
Procurement
Marketing
Corporate Communications
Compliance
Media Operations
Video Production
Relevant Roles
Content Acquisition Manager
Legal Counsel
Media Rights Manager
Production Manager
Creative Director
Digital Content Manager
Procurement Officer
Compliance Officer
Video Editor
Marketing Manager
Film Producer
Corporate Communications Manager
E-learning Developer
Digital Marketing Manager
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