Terms and Conditions/User Agreement
Purchasing media content on http://www.studiobase.net is akin to a royalty agreement between the following parties:
[Studio Base Ltd.] (Grantor) and
Whereas, the Grantor owns and holds the rights to grant interest in all media showcased on the Studio Base website, the Grantee must express an interest to
make use of the Grantor’s content by paying for the Grantors production costs as royalty for the property, as well as any agreed lump sums included in this
agreement which is akin to a Royalty Agreement.
Therefore, both parties are in agreement to the following terms and conditions:
The Grantor, upon entering into this agreement will grant the Grantee rights to the Property for use both in the United Kingdom and abroad for a period of 25 years.
Grantors Representations and Warranties
The Grantor hereby represents they are the owner of the property listed and have all the needed rights to enter into this royalty agreement as well as grant the
appropriate licenses to the Grantee.
Upon signing this royalty agreement, the Grantor agrees to deliver any and all needed documents for the property to the Grantee for the term agreed.
In the instance of a breach of this agreement the Grantor agrees to hold the Grantee harmless of any loss, damages, or injuries that may incur.
Grantees Representations and Warranties
The Grantee agrees during the term of this agreement all property included will be held in confidence and with the same regard as the Grantee would hold personal
In the instance of any action occurring that may threaten the confidentiality of the Grantor’s property the Grantee shall notify the Grantor immediately and work to
resolve such breach.
If the Grantee’s negligence should cause any injury, loss, or damage to personnel or the property the Grantee agrees to hold the Grantor harmless and will seek to
remedy the situation.
The Grantee has offered to pay the following royalties for the permission and use of the listed properties:
‘Instrumentals’ (i.e individual MP3 files): 49 GBP and 99 Pence, ‘Singles’ (i.e Mastered WAV files and assets): ranging from 99 GBP and 99 Pence to 1000 GBP. StudioBase Ltd. will also be entitled to 20% of royalties and revenue generated from the release of any music media purchased via our website and its storefront. Written and developed Scripts or Treatments for Motion Pictures, Television Programs and Variety Video Programs: Pricing subject to negotiation and review.
Studio Base Ltd. will receive 5% of the royalties and net percentage of profits from release/distribution of media content/intellectual property to the public domain, whilst the remaining 95% of said profits will be negotiated between the media’s creator and any subsequent 3rd party producers. Studio Base Ltd. will also be entitled to a ‘connection fee’ of 10% of the optioning or ‘green lit’ funding for any content displayed on the Video section our website.
Net profits shall, for the sake of a royalty agreement, be considered the total profits obtained by the Grantee during the term of this agreement through use of the
Grantor’s property after the following dues have been paid:
All costs regarding manufacturing and marketing
All general and overhead expenses including taxes and fees
Upon release of media (music, written or video), the Grantee agrees to track all proceeds and product as well as provide the Grantor with a summary of all the above items on a monthly basis inclusive of any
royalty totals due for the month.
The Grantor shall, once per year, be permitted to conduct an unannounced audit of all royalties owed as well as all inventory.
This audit will be at the expense of the Grantor unless fault is found during. In the instance of a breach or fault found the Grantee will become responsible for the
fees and costs associated with the audit.
Except in the instance of a breach of this agreement neither party shall be held liable for any injuries, loss, damages, or costs any third party individuals may incur
from this royalty agreement resulting from the other parties actions.
The Grantee understands they may become aware of information that if made public could have a negative impact on the Grantor. Under this understanding the
Grantee agrees to keep all information made available to themselves or anyone representing them confidential.
This confidentiality clause will remain in effect even if termination, cancellation, or completion of this royalty agreement occurs.
MUSlC VlDEO ABOUT JOlN
At any time during this agreement either party may, with written notification, request to terminate this agreement.
The following will terminate this agreement:
– Breach of contract
– Failure to comply to confidentiality terms
Neither of the Parties involved in this royalty agreement shall be assigned any tasks without prior notification and approval.
Any assignments that do not undergo the above actions will be deemed void.
If at any point one or more terms and conditions within this royalty agreement are deemed to be unenforceable or void, the parties agree to substitute a similar term
or condition to replace the defective one.
The failure to enforce or uphold any aspect of this royalty agreement shall not constitute a waiver of any other aspect of the agreement.
This royalty agreement shall be under the jurisdiction of the United Kingdom and any legal proceedings shall take place as such.
Any and all notifications regarding this royalty agreement shall be delivered either in person, via courier, or via certified mail to the addresses listed below:
Grantee: (Online purchaser)
Grantor: Studio Base Ltd.
This agreement as well as any exhibits attached shall for all considerations be the entire agreement for the properties listed.
Furthermore, this agreement will take precedence over any and all previous agreements including, but not limited to, any oral or written agreements between the
Parties at any stage purchase of the content on our online platform.
By making a purchase of media on http://www.studiobase.net both parties understand and agree to the terms and conditions of this royalty agreement. By making
a purchase electronically below, both parties acknowledge understanding of this agreement.