This License Agreement (the “Agreement”) is entered into between Delta Digital Media, LLC, an Illinois, United States corporation, having its principal place of business at 1026 Elisabeth Dr. O’Fallon, Illinois (hereinafter referred to as the “Licensor”), and [Licensee’s Name], (hereinafter referred to as the “Licensee”).
WHEREAS, Licensor owns and operates a real estate media company, specializing in Real Estate Media services such as photography, videography, virtual tours, social reels, drone services.
WHEREAS, Licensee desires to obtain a license to use certain materials, including but not limited to photographs, videos, virtual tours, and other media content (hereinafter referred to as the “Content”) provided by Licensor, for the purpose of promoting and marketing real estate properties;
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows:
- Grant of License 1.1 Licensor hereby grants to Licensee a non-exclusive, non-transferable license to use the Content provided by Licensor for the sole purpose of promoting and marketing real estate properties owned or managed by Licensee. 1.2 The license granted herein permits Licensee to use the Content in any media format, including but not limited to print, digital, online, social media, and broadcast, subject to the restrictions set forth in this Agreement.
- Licensee’s Obligations 2.1 Licensee shall use the Content in a professional and lawful manner, consistent with industry standards and practices. 2.2 Licensee shall not modify, alter, or create derivative works of the Content without obtaining prior written consent from Licensor. 2.3 Licensee shall not sublicense, assign, or transfer the rights granted under this Agreement to any third party without the prior written consent of Licensor.
- Ownership and Copyright 3.1 Licensor retains all rights, title, and interest in and to the Content, including all copyright and intellectual property rights. 3.2 This license does not grant Licensee any ownership rights or copyright interests in the Content. 3.3 Licensee acknowledges and agrees that unauthorized use or reproduction of the Content may constitute copyright infringement and may result in legal action.
- Compensation and Payment 4.1 In consideration for the license granted herein, Licensee shall pay Licensor the agreed-upon fee, as specified in a separate agreement or as otherwise mutually agreed upon by the parties. 4.2 Licensee shall make payment to Licensor within 30 days from the date of invoice. 4.3 Failure to make timely payment may result in the termination of this license agreement at the discretion of Licensor.
- Term and Termination 5.1 This Agreement shall commence on the effective date and shall continue for a period of 5 years, unless terminated earlier as provided herein. 5.2 Either party may terminate this Agreement by providing written notice to the other party in the event of a material breach of this Agreement, which remains uncured after 30 days from the date of notice. 5.3 Upon termination, Licensee shall cease all use of the Content and shall promptly return or destroy all copies of the Content in its possession.
- Confidentiality 6.1 Licensee agrees to maintain the confidentiality of any confidential information disclosed by Licensor in connection with this Agreement. 6.2 Licensee shall not disclose or use such confidential information for any purpose other than the performance of its obligations under this Agreement, unless expressly authorized by Delta Digital Media, LLC.