Contract File
Contract File
11 Woodlands Close
#08-20
Woodlands 11
Singapore (737853)
BETWEEN:
(1) STARY PTE LTD (UEN: 201822301R), a company incorporated under the laws of Singapore,
having its registered address at 11 Woodlands Close, #08-20 Woodlands 11, Singapore 737853
(“Licensee”);
AND
<if a company> [company name] [company registration number], a company incorporated under the
laws of [Country], having its registered address at [address]
(the “Licensor”).
WHEREAS:
(A) The Licensee is in the business of publishing various literary, audio and other content via its
online platform, as well as through hard copy publications (where applicable);
(B) The Licensor is the sole and exclusive owner or licensee (as the case may be) of the
copyright in the Works (as hereinafter defined);
(C) The Licensor has agreed to grant and entrust to the Licensee an exclusive right and license to
exploit the Works in accordance with the terms and conditions and in the manner as set forth
hereinafter in this Agreement.
1.1.1 “Applicable Laws” means all laws and regulations of any jurisdiction in the Territory that are
applicable to this Agreement, to any of the Parties hereto or to any activity of any of the Parties hereto,
as may be amended and/or in force from time to time.
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Signature of Licensor:
1.1.2 “Competent Authority” means any government, judicial or regulatory authority having
jurisdiction over the subject matter of this Agreement, or over any of the Parties hereto.
1.1.3 “Confidential Information” shall mean all information of a confidential nature that is
furnished by one Party to the other Party during the Term in whatever medium, and shall include
(without limitation) all information relating to the trade secrets, operations, processes, plans, intentions,
product information, know-how, designs, market opportunities, transactions, affairs or business of the
furnishing Party and its related entities; the terms or subject matter of this Agreement; and the
negotiations relating to this Agreement.
1.1.5 “Force Majeure” shall mean any circumstance not within a Party’s reasonable control,
including without limitation, war, insurrection, sabotage, terrorism, embargo, fire, flood, accident,
earthquake, strike (save for a strike solely of the workforce of the Party claiming that a Force Majeure
Event has occurred), interruption of and/or delay in transportation and/or telecommunication service
and/or power supply necessary for the discharge of a Party’s obligations, but excluding failures by a
supplier or sub-contractor to provide goods or services (other than to the extent that the supplier or
sub-contractor itself suffers from an event mentioned in this definition).
1.1.6 “Games” includes mobile games, web games, applet games, board games, card games and
all other electronic and non-electronic games.
1.1.7 “Licensee’s Platforms” shall mean any device, platform, application, operating system,
website, networked physical object or software operated by the Licensee;
1.1.8 “Net Profits” shall mean the total revenue less the costs incurred (including but not limited to
distribution, transaction fee for all purchases in App Store and Google Play, VAT, exchange rate loss,
out-trades and reader discount).
1.1.9 “Relevant Information” shall mean the personal information of the Licensor that is relevant to
and reasonably necessary for the marketing, promotion and other activities relating to the Works or
derivatives of the Works, including, but not limited to the name, image and likeness of the Licensor;
1.1.10 “Premium Content” shall mean content which has been designated as such by the Licensee
in its sole and absolute discretion from time to time.
1.1.11 “Settlement Period” shall mean the period to be agreed in writing between the Parties, over
which the Fees payable by the Licensee to the Licensor are computed.
1.1.12 “Serialisation Rights” shall mean the right to publish selected or condensed editions of the
Works both before and after the Works have been published.
1.1.15 “Third Party Platforms” shall mean any device, platform, application, operating system,
website, networked physical object or software owned by any entity or person that is not the Licensee
or the Licensee’s subsidiaries or affiliates;
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Signature of Licensor:
1.1.16 “Working Day” shall mean a day other than a Saturday, Sunday or public holiday in
Singapore;
1.1.17 “Works” shall mean the works specified in Annex A, all editions of such works, and all
versions of such works in any language and in print, electronic, digital, audio, video, or any other form
or format now known or hereafter discovered or created. The Licensor may submit additional works to
the Licensee to be added to Annex A from time to time. The approval of the addition shall be in the
sole and absolute discretion of the Licensee;
1.1.18 “Translation of the Works” shall mean the works in any languages except for the language
in the signed Works.
1.2.1 the singular includes the plural and vice versa and the masculine includes the feminine and
the neutral genders and vice versa;
1.2.2 a person includes natural persons, firms, partnerships, companies, corporations, associations,
organisations, governments, states, governmental or state agencies, foundations and trusts (in each
case whether or not having separate legal personality);
1.2.3 “writing” includes facsimile transmission and e-mail but excludes SMS and similar means of
communication;
1.2.4 the headings used in this Agreement are inserted for convenience only and shall not affect
the interpretation of this Agreement; and
1.2.5 any phrase introduced by the words include, including, includes and such as are to be
construed as illustrative and shall not limit the sense of the words preceding those words.
2. LICENCE
2.1 The Licensor hereby grants to the Licensee the exclusive right to exploit the copyright in the
Works in the Territory during the Term, including but not limited to, the right to:-
2.1.1 reproduce, translate and/or publish the whole or any part of the Works in any form, format
(including, but not limited to, html, PDF, e-book, print (hardcover and mass-market and/or trade
paperback), print-on-demand, graphic books and/or audio books), language (including Braille) or
manner;
2.1.2 select the whole or any part of the Works for the use, publication, distribution, and sale and
authorization in an anthology or other collection;
2.1.4 adapt the Works into any form or format, including but not limited to, picture books, visual
literature, graphic novels, film, television, drama and Games;
2.1.5 commercialise the Works in any form, format (including but not limited to html, PDF, e-book,
print, print-on-demand, graphic books and/or audio books), language (including Braille) or manner,
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Signature of Licensor:
including through making, using, selling, offering for sale, importing, copying, or distributing the Works
or derivatives of the Works for consideration.
2.2 The Licensor hereby grants to the Licensee the right to grant sub-licenses in respect of the
copyright in the Works to any other persons or entities during the Term without requiring the
Licensor’s prior approval.
3.1.1 it has full power to enter into, and to exercise its rights and perform its obligations under, this
Agreement, and that this Agreement, when executed, will constitute the valid, lawful and binding
obligations of it, in accordance with the terms herein.
3.1.2 it is the sole exclusive owner or licensor (as the case may be) of the copyright in the Works,
and has full legal right to license the Works to the Licensee in accordance with this Agreement.
3.1.3 no license or rights in respect of the Works has been or will be granted by the Licensor to any
third party that conflicts with the exclusive right granted to the Licensee in this Agreement.
3.1.4 exploitation of the Works by the Licensee in accordance with the terms of this Agreement will
not infringe the copyright or any other intellectual property rights of any third party.
3.1.5 the Licensor had not, whether by itself or its servants, agents or representatives, engaged or
been complicit in any unlawful or wrongful conduct in producing the Works;
3.1.6 there are no litigation proceedings or other dispute resolution actions pending in respect of
the Works, and there are no outstanding claims or demands made by any third party to the Licensor
in relation to the Works.
3.1.7 the Works do not contain any scandalous, libellous, defamatory, discriminatory, ethnically or
religiously inappropriate, child pornography or unlawful content.
3.2 The Licensor shall provide the Licensee with the Works in a form and format and in such
manner that accords with the requirements or standards imposed by the Licensee.
3.3 In the event that a third party infringes the copyright in the Works, the Licensor shall, at the
written request of the Licensee and at the Licensee’s expense, lend all assistance and perform all
acts reasonably necessary for the effective prosecution of the copyright infringement, including, but
not limited to, being joined as a party to any litigation or arbitration proceedings and/or providing
evidence and witness testimony.
3.4 The Licensor agrees to render and/or procure all necessary assistance to the Licensee, at the
Licensee’s expense, to secure registration of the copyright in the Works in any jurisdiction if so
required.
3.5 In the event that the Licensor intends to assign its rights to the copyright in the Works to a
third party, the Licensor undertakes to notify the Licensee in writing, and further undertakes to notify
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Signature of Licensor:
the third party in writing of this Agreement, and to procure and ensure that the third party enters into a
similar copyright exclusive licence with the Licensee.
4.1 The Licensee hereby warrants and represents that it has full power to enter into, and to
exercise its rights and perform its obligations under, this Agreement, and that this Agreement, when
executed, will constitute the valid, lawful and binding obligations of it, in accordance with the terms
herein.
4.2 The Licensee shall, in its sole and absolute discretion, determine: -
4.2.1 All issues related to the publication of the Works in the Territory, including, but not limited to,
the specific form, contents and pricing details of the publication; and
4.2.2 All issues related to the marketing and promotion of the Works in the Territory, including, but
not limited to, the specific form, manner and contents of the marketing and promotion efforts.
4.3 The Licensor acknowledges and agrees that the Licensee shall have the right to use and
reproduce the Licensor’s Relevant Information in the marketing, promotion and all other activities
relating to the Works (including derivatives of the Works), and the Licensee agrees to waive all of its
legal, statutory and moral rights in respect thereof.
4.4 The Licensee shall have the right of first refusal in respect of the licensing of the rights in any
prequels and sequels to the Works produced by the Licensor during the Term.
4.5 For Works which have been designated as Premium Content and the Works constitute an
ongoing series, if the Licensor stops updating the Works for more than 6 months, or the Licensor is
uncontactable for more than 60 days, the Licensee has the right to engage third parties to continue
producing the series.
5. PAYMENT
5.1 In consideration of the rights granted under this Agreement, the Licensor shall be entitled,
subject to clause 5.2, to fees based on a share of the Net Profits or Income derived from the
Licensee’s exercise of its exclusive right over the Works for each Settlement Period as stipulated
below (the “Fees”):
Sheet 1
S/N Categories of Annual Net Profits Proportion of Annual
Net Profits
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Signature of Licensor:
(g) Use and/or adaptation of the Works for film, television 50%
and/or drama
(k) Selection of the whole or any part of the Works for the 50%
use, publication, distribution, sale and authorization in an
anthology or other collection
(n) Net profits from the commercialization of the Works in all 50%
other manners not provided for above
Sheet 2
S/N Category of Annual Revenue Proportion of Annual
Revenue
(a) Distribution or sale of the Works in electronic format
[ 8 ]%
through the Licensee’s Platforms
5.2 The Licensor shall not be entitled to any payments in whatsoever form from the Licensee
under clause 5.1 if the Net Profits for the Settlement Period are zero or negative.
5.3 Within 30 Working Days of the Effective Date, the Licensee shall pay an advance payment of
US$___________________
0 in total to the Licensor (as per The Works of the Annex A). This advance
payment shall be set off against subsequent payments of the Fees.
5.4 Within 60 Working Days after the end of each Settlement Period or the termination of this
Agreement (as the case may be), the Licensee shall arrange for payment of the Fees for said
Settlement Period to the Licensor. The Licensee shall determine the method of payment in its sole
and absolute discretion. The Licensor shall be responsible for all fees arising from the payment,
including but not limited to bank charges.
5.5 The Licensee shall not be liable for any delay in the payment of the Fees if such delay is
attributable to any act or omission on the part of the Licensor, including but not limited to, the
provision of inaccurate payment details, the provision of payment details inconsistent with the method
of payment determined by the Licensee, the failure to provide updated payment details and the failure
to provide the prompt verification of payment details.
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Signature of Licensor:
5.6 The Licensor shall be solely and fully responsible for all duties, government charges, levies
and taxes that are payable under any applicable law howsoever arising from or in connection with any
payments received from the Licensee under this Agreement.
5.7 Subject to clauses 5.5 and 15.1, should the Licensee fail to make any payment in full on the
due date of any sums which are due under this Agreement, then, without limiting any of the Licensor’s
other rights and remedies in such event, the Licensee shall be liable to pay the Licensor interest on
the amount due at the rate of 1% per month.
5.8 If, for any reason whatsoever, the Licensor receives payments in whatsoever form from the
Licensee in excess of the Licensor’s rightful entitlement under clause 5.1, the Licensee shall have the
right to: -
5.8.1 Set off the excess payment from subsequent payments that are payable to the Licensor under
this Agreement; or
5.8.2 Send a written request to the Licensor, within thirty (30) Working Days of the Licensee’s
discovery of the excess payment to the Licensee, to refund an amount representing the excess
payment.
5.9 Where there are pending litigation, arbitration or other dispute resolution proceedings arising
from or in connection with the Licensor’s copyright in the Works, and regardless of whether the
Licensee is involved in such proceedings as a party or otherwise, the Licensee shall have the right to
cease any payments to the Licensor under this Agreement until such dispute resolution proceedings
(including appeals arising therefrom) have been finally disposed of.
5.10 Where the Licensee has suffered any losses, whether direct or indirect, arising from or in
connection with the final judgement of said litigation, arbitration or other dispute resolution
proceedings in clause 5.9, the Licensee shall have the right to set-off such losses from subsequent
payments that are payable to the Licensor under this Agreement.
6. INDEMNITY
6.1 In the event of the Licensor’s breach of any of the terms of this Agreement, and in particular
the warranties or representations in clause 3.1 above, the Licensor shall fully indemnify and hold
harmless the Licensee, its agents, directors and employees from and against any and all losses,
demands, claims, damages, costs, expenses (including reasonable legal costs, expenses and
applicable taxes) and liabilities suffered or incurred arising out of, or in connection with the Licensor’s
breach.
7.1 The Term of this Agreement shall commence on the Effective Date and shall continue
indefinitely until the copyright fails to subsist in the Works for any reason whatsoever, or the
Agreement is terminated for any reason whatsoever.
7.2 The Licensee may terminate this Agreement by giving ten (10) days’ written notice to the
Licensor. The termination of the Agreement shall be governed by clause 7.5.1, 7.5.2, 7.5.3.
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Signature of Licensor:
7.3 The Licensee may terminate this Agreement with immediate effect by giving the Licensor
written notice in the following events:-
7.3.1 the Licensor commits a material breach of this Agreement and provided that such breach is
capable of remedy, fails to remedy such breach within ten (10) days despite being notified to do so by
the Licensee in writing.
7.3.2 the Licensor fails to submit the Works to the Licensee within ten (10) Working Days of the
Effective Date or such date as has been previously agreed in writing between the Parties.
7.3.3 The Works are deemed by the Licensor in its sole and absolute discretion to be of
unsatisfactory quality and incapable of remedy by the Licensee.
7.3.4 The Licensor refuses or fails to modify the Works in accordance with the requirements or
standards imposed by the Licensee in the Licensee’s sole and absolute discretion.
7.3.5 the Licensor is the subject of the commencement of any bankruptcy proceedings, the passing
of a resolution for its winding up, the giving of a notice of appointment or intention to appoint an
administrator or liquidator (which is not dismissed, withdrawn or set aside within fourteen (14) days of
presentation);
7.4 Prior and without prejudice to the exercise of any termination right hereunder, the Licensee
may, in its absolute discretion, opt to suspend the operation of this Agreement in whole or part on
terms to be notified in writing to the Licensor. Once it is satisfied that the Licensor has remedied the
relevant breach or event, the Licensee may decide not to exercise its termination right at all.
7.5 Where the total revenue derived by the Licensor from this Agreement is less than US$200 for
each title after thirty-six (36) months from the Effective Date have elapsed, the Licensor may
terminate this Agreement by giving the Licensee written notice and upon fulfilling the following
conditions:
7.5.1 the Licensor shall refund all monies paid by the Licensee under this Agreement, including but
not limited to advance payments, insurance fees, incentives and performance fees;
7.5.2 the Licensor shall sign the agreement the form of which is exhibited at Annex B, terminating
this Agreement and renouncing any claims on any monies due and owing to the Licensee under this
Agreement; and
7.5.3 In the case of Premium Content, the Licensor shall pay the Licensee a sum equivalent to
double the Net Profits derived from the Works to date as reimbursement for the expenses and
resources incurred by the Licensee in promoting the Works.
In the event of total revenue derived by the Licensor from this Agreement is less than US$200 for
each title after thirty-six (36) months from the Effective Date have elapsed, the Licensor may
terminate this Agreement by giving the Licensee written notice and upon fulfilling the conditions set
out at clauses 7.5.1, 7.5.2. The Licensee needs to deal with the relevant matters within six (6) months
after the Licensee receives the termination application. If the Licensor derives at least US$200 for
each title in total revenue from Licensee within said six (6) months period, this Agreement shall
remain in force and effect.
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Signature of Licensor:
For the avoidance of doubt, the Licensor shall not be entitled to rely on this clause 7.5 where the
Licensor had previously entered into similar licensing agreements in respect of the Works with FicFun
Inc. and the Licensee, and had derived total revenues of US$200 or more from such agreements;
7.6 Where the total revenue derived by the Licensor from this Agreement is more than US$200
after thirty-six (36) months from the Effective Date have elapsed, the Licensor may make a written
request to the Licensee to terminate the Agreement, with the reasons for the termination stated
clearly in the request. The Licensee may in its sole and absolute discretion agree to the termination
request, subject to various conditions being met by the Licensor, including but not limited to the
conditions set out at clauses 7.5.1, 7.5.2 and 7.5.3 above.
7.7 Upon termination of this Agreement (for whatever reason), the Licensor shall grant the
Licensee a limited licence of the Works for a further three (3) months strictly to allow the Licensee to
fulfil its obligations to its existing sub-licences in relation to the Works only.
8. CONFIDENTIAL INFORMATION
8.1 Each Party undertakes and warrants that it shall, both during the Term of this Agreement and
thereafter:
8.1.2 not disclose any such disclosed Confidential Information to a third party, other than to such of
its Representatives on a ‘need to know’ basis, and only provided that each Party shall ensure that
each of such Representatives shall be bound by confidentiality undertaking on materially the same
terms as set forth in this clause 8.1.2 and shall keep such Confidential Information confidential at all
times and shall not use any of it for any purpose or disclose it to any person, firm or company, other
than those for which or to whom the Recipient may lawfully use or disclose it under this Agreement.
Each Party shall be responsible and liable for any breach of confidentiality by such Representatives;
and
8.1.3 use Confidential Information only in connection with the proper performance of this
Agreement.
8.2 Without limiting the above provisions, and save as required by Applicable Laws, existing
contractual obligations or any applicable Competent Authority to which either Party is subject
(wherever situated), neither Party shall make any public announcement, issue any press release or
make any form of statement to the public about this Agreement or any ancillary matter without the
prior written consent of the other Party, which consent shall not be unreasonably withheld or delayed.
8.3 Clause 8.1 shall not apply to any Confidential Information, to the extent that it:
8.3.1 comes into the public domain other than through breach of clause 8.1;
8.3.2 is required or requested to be disclosed by any Competent Authority to which either Party is
subject, wherever situated. Both Parties agree that in the event that either Party is under demand or
request to disclose such information, it shall (where permissible by law) provide to the other Party
prompt notice of such demand or request, and shall consult and cooperate with the other Party in
connection with such disclosure;
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Signature of Licensor:
8.3.3 is known to either Party before the disclosure to it by the other or on its behalf, as proven by
written records; or
8.3.4 is disclosed with the other Party’s prior written approval to the disclosure.
8.4 Each Party warrants to the other Party that it shall procure that all persons associated with it,
whether as affiliates, directors, employees or advisers, comply with the provisions of this clause 8.4.
8.5 This clause 8 constitutes an ongoing, continuous condition of this Agreement and shall
endure after termination of this Agreement (howsoever caused).
9. NOTICE
9.1 Any notices, reports, requests, acceptances and other communications required or permitted
under this Agreement shall be in writing.
9.2 Any notices, reports, requests, acceptances and other communications required or permitted
under this Agreement shall be deemed to be given only when:
9.2.3 Delivered by registered or certified mail, return receipt requested, postage prepaid;
9.2.4 Delivered by email without receiving any notification of failure of delivery; and/or
9.2.5 Sent by facsimile with an original copy of the facsimile dispatched by methods stated in
clauses 9.2.1, 9.2.2, 9.2.3 and/or 9.2.4 above.
9.3 Any notices, reports, requests, acceptances and other communications required or permitted
under this Agreement shall be sent to the receiving Party’s address as set forth below:
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Signature of Licensor:
10.1 The relationship between the Licensor and Licensee shall be only that of Licensor and
Licensee. Nothing in this Agreement shall be construed as creating any agency, arrangement,
partnership, joint venture, trust, fiduciary relationships or any other similar relationship between
Licensor and Licensee.
10.2 The Licensor shall not represent himself/herself, either directly or by implication as agent,
partner or representative of the Licensee, nor shall the Licensor in any manner assume or create any
obligation or liability of any kind, express or implied, on behalf of or in the name of the Licensee.
11. AMENDMENT
11.1 Any purported amendment of this Agreement shall not be effective unless in writing signed by
or on behalf of the Parties.
12. ASSIGNMENT
12.1 This Agreement shall be binding upon the Parties, their successors and assigns.
12.2 This Agreement and any rights of the Licensor hereunder shall not inure to the benefit of any
trustee in bankruptcy, creditor or successor, whether by operation of law or otherwise.
12.3 This Agreement shall not be assignable, whether in whole or in part, by the Licensor without
the prior written consent of the Licensee, and any such assignment or attempted assignment shall be
null and void and shall be deemed to a material breach of this Agreement.
12.4 The Licensee may assign this Agreement to one or more of its subsidiaries or affiliates, and
shall notify the Licensor within thirty (30) Working Days of such assignment.
13.1 This Agreement supersedes and cancels any and all other prior agreements between the
Parties, express or implied, with respect to the matters contained herein.
13.2 This Agreement constitutes the entire agreement between the Parties hereto as to its subject
matter, and may not be changed, altered, amended or modified except in writing and signed by each
Party or a duly authorised representative of each Party.
13.3 Each Party acknowledges and agrees that in entering into this Agreement on the terms set
out in this Agreement, it is not relying upon, and shall have no remedy in respect of, any statement,
representation, warranty, promise or assurance made or given by any other Party or any other person,
whether negligently or innocently made, whether or not in writing, at any time prior to the execution of
this Agreement, other than those expressly set out in this Agreement.
14. NON-WAIVER
14.1 The failure or refusal by a Party either to insist upon the strict performance of any terms of
this Agreement or to exercise or enforce any rights under this Agreement in any one or more
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Signature of Licensor:
15.1 The delay or inability of either Party to perform any obligation to be performed by it pursuant
hereto when required (other than the obligation to make payments as provided herein), if caused by
reason of a Force Majeure event will not constitute a breach of this Agreement nor subject the Party
so failing to any liability to the other. The Party affected by or anticipating a Force Majeure event shall
promptly notify the other by the most expeditious means, confirming in writing within ten (10) working
days of the event, the details thereof and of its expected duration and the estimated effect upon its
ability to perform its obligations hereunder. Such Party will promptly notify the other Party when Force
Majeure circumstances have ceased to affect its ability to perform its obligations pursuant to this
Agreement.
16. SEVERABILITY
16.1 If any provision of this Agreement shall be adjudged by any court of competent jurisdiction to
be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent
necessary so that this Agreement shall otherwise remain in full force and effect and enforceable.
17.1 Each Party will, at the request and expense of the other Party, execute any document and do
anything reasonably necessary to implement this Agreement, and use all reasonable endeavours to
procure that a third party executes any deed or document and does anything reasonably necessary to
implement this agreement.
18. COUNTERPARTS
18.1 This Agreement may be executed in any number of counterparts but shall not be effective
until one Party has executed at least one counterpart. Each counterpart when executed shall be an
original, but all the counterparts together shall constitute one document.
19.1 Nothing contained in this Agreement is intended to be enforceable pursuant to the Contracts
(Rights of Third Parties) Act (Cap 53B) by any third party.
20.1 The Agreement is governed by and shall be construed in accordance with the laws of the
Republic of Singapore. The courts of the Republic of Singapore shall have non-exclusive jurisdiction
over all matters and disputes arising under or in relation to the Agreement.
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Signature of Licensor:
Email: [email protected]
Signature:
Date:
Date:
05 / 30 / 2021
05 / 28 / 2021
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The Works:
Book ID 2142625
Advance Payment 0
USD
Exclusive/Non-exclusive Exclusive
<includes all photos, drawings, maps, charts, tables, appendices, notes, bibliographies and content
related to the Works that have been provided to the Licensee by the Licensor>
Relevant Information:
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Signature of Licensor:
TERMINATION AGREEMENT
This agreement (“Agreement”) is made this ____________ day of ____ ________, ___________,
BETWEEN:
(1) STARY PTE LTD (UEN: 201822301R), a company incorporated under the laws of Singapore,
having its registered address at 11 Woodlands Close, #08-20 Woodlands 11, Singapore 737853
(“Licensee”);
AND
WHEREAS:
(A) The Parties have entered into a Copyright Exclusive Licensing Agreement dated _______
(“Licensing Agreement”), pursuant to which the Licensor has granted an exclusive licence to the
Licensee to commercially exploit the Licensor’s copyright works.
(B) The Parties wish to terminate the Licensing Agreement pursuant to Clause 7 of the Licensing
Agreement.
NOW THEREFORE, in consideration of the mutual promises and agreements herein made and other
good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, IT IS
NOW HEREBY AGREED as follows:
2. The Licensor hereby acknowledges and agrees that no further consideration, compensation
or obligation will be due, payable or owing by the Licensee to the Licensor in relation to the Licensing
Agreement.
3. The Licensor hereby agrees to release the Licensee from any and all claims, causes of action,
demands, obligations, losses and liabilities of any nature whatsoever arising from or in connection to
the Licensing Agreement.
4. For the avoidance of doubt, the Parties are released from all further obligations under the
Licensing Agreement, save as otherwise provided for in the Licensing Agreement.
5. This Agreement may be executed in any number of counterparts but shall not be effective
until one Party has executed at least one counterpart. Each counterpart when executed shall be an
original, but all the counterparts together shall constitute one document.
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Signature of Licensor:
6. If any provision of this Agreement shall be adjudged by any court of competent jurisdiction to
be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent
necessary so that this Agreement shall otherwise remain in full force and effect and enforceable.
7. The Agreement is governed by and shall be construed in accordance with the laws of the
Republic of Singapore. The courts of the Republic of Singapore shall have non-exclusive jurisdiction
over all matters and disputes arising under or in relation to the Agreement
Signature:
Email:
Signature:
Date: Date:
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Title
2020 Exclusive Copyright Licensing Agreement 0810-Please,...
File Name
2020 Exclusive Co...ing Agreement.pdf
Document ID
408de36e3397fa1e957863d11506b1632838f207
Audit Trail Date Format
MM / DD / YYYY
Status Completed
Title
2020 Exclusive Copyright Licensing Agreement 0810-Please,...
File Name
2020 Exclusive Co...ing Agreement.pdf
Document ID
408de36e3397fa1e957863d11506b1632838f207
Audit Trail Date Format
MM / DD / YYYY
Status Completed