Definitions. As used in this Agreement, the following capitalized
terms shall have the meanings ascribed to them below.
Term. The "Term" of this Agreement shall begin on the Effective
Date and will end on the date on which Artist's copyrights in the
Licensed Territory. The "Licensed Territory" shall mean the
entire world, it being the parties' intent to not impose any territorial
limitations on Licensee's sale of Licensee's Product.
Licensee's Product. "Licensee's Product" shall mean [DETAILED
DESCRIPTION OF PRODUCT such as Iphone game or book].
Effective Date. "Effective Date" shall mean the later of the
two dates on which Artist and Licensee execute this Agreement.
Assignment. Licensee shall have no right to assign the rights
granted to it under this Agreement without Artist's prior written
consent. Any assignment without Artist's prior written consent shall
be null and void.
Choice of Law. The validity and enforceability of this Agreement
will be interpreted in accordance with the laws of the State of
Entire Agreement. This Agreement is the parties' entire understanding
and supersedes any prior agreements, whether oral or written. This
Agreement may not be modified in any respect except in writing signed
by both parties.
Severability. If any of the provisions of this Agreement are
held to be invalid or unenforceable, such holding will not affect
the validity of the remainder of this Agreement.
Counterparts. This Agreement may be executed in counterparts
and all executed counterparts will constitute one agreement, binding
on the parties, whether or not the parties have executed the original
or same counterparts. Executed by the undersigned on the date set
forth beside their respective signatures, to be effective as of
the later of the two dates (the "Effective Date").