Standard royalties agreement for the payment of an ongoing
royalty fee by the manufacturer, to the producer of the work.
About this document
This is a royalties agreement between an ‘artist’ (who has designed or who has agreed to design a product) and a manufacturer who will manufacture (and market) the product under its name, in return for which, the artist will be paid a royalty per product sold.
The agreement governs the terms upon which the artist will receive payment for his work.
Application
and features
Suitable to agree royalties for any product;
Written in plain English;
Explanatory notes to guide you.
Contents
Background;
Delivery of the product to the manufacturer;
Grant of licence;
Payments (including royalty exceptions and advance payments);
Artist’s warranties;
Indemnities;
Modification and rejection of the work;
How the manufacturing process will be controlled;
Breach of contract by manufacturer;
Infringement of intellectual property rights;
Confidentiality;
Term, termination and the effects of termination;
Schedule 1: the work;
Schedule 2: payments;
Other usual legal provisions to protect your interests.
Word
Count (approximate):
Document: 3200
words
Explanatory notes:
350
words
Draftsman
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