The Stock Footage License Agreement is essential for businesses and individuals seeking to legally acquire and use pre-recorded video content in Malaysia. This agreement becomes necessary when a party wishes to incorporate stock footage into their projects, whether for commercial, educational, or promotional purposes. It is designed to comply with Malaysian intellectual property laws, particularly the Copyright Act 1987 and related digital content regulations. The document clearly defines the scope of the license, usage permissions, territorial restrictions, and payment terms. It protects both the content provider's intellectual property rights and the licensee's interests by establishing clear guidelines for content usage, modification rights, and attribution requirements. This agreement is particularly relevant in today's digital age where video content is increasingly important for various business applications.
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1. Parties: Identification of the licensor (stock footage provider) and licensee with full legal names and addresses
2. Background: Context of the agreement, nature of the stock footage business, and general purpose of the license
3. Definitions: Definitions of key terms including 'Stock Footage', 'License Fee', 'Usage Rights', 'Territory', and other relevant terms
4. Grant of License: Specific rights being granted, including type of license (exclusive/non-exclusive), permitted uses, and territory
5. License Fee and Payment Terms: Pricing structure, payment schedule, and payment methods
6. Usage Restrictions: Specific limitations on how the footage can be used, prohibited uses, and any technical restrictions
7. Intellectual Property Rights: Confirmation of ownership rights and protection of intellectual property
8. Warranties and Representations: Guarantees regarding ownership, right to license, and quality of footage
9. Term and Termination: Duration of the license and circumstances for termination
10. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes
1. Third-Party Rights: Section addressing any third-party rights in the footage, particularly relevant when footage contains identifiable people, properties, or trademarks
2. Watermarking and Credit Requirements: Requirements for displaying attribution or maintaining watermarks, used when the licensor requires specific attribution
3. Technical Specifications: Detailed technical requirements for footage usage, relevant for high-end productions or specific technical needs
4. Territory-Specific Terms: Additional terms for specific geographical regions, needed for international licensing
5. Subscription Terms: Terms specific to subscription-based licensing models, used when offering recurring access to footage
6. Modification Rights: Terms regarding the right to modify or edit the footage, important for creative projects
7. Audit Rights: Rights to audit usage of licensed footage, important for high-value or sensitive content
1. Schedule 1: Licensed Footage: Detailed list and description of all stock footage covered by the license
2. Schedule 2: Fee Schedule: Comprehensive pricing details, including any variable pricing based on usage
3. Schedule 3: Technical Specifications: Detailed technical specifications of the footage including format, resolution, and delivery method
4. Appendix A: Acceptable Use Policy: Detailed guidelines on acceptable and unacceptable uses of the licensed footage
5. Appendix B: Credit Requirements: Specific requirements for attribution and crediting the footage source
Relevant legal definitions
Clauses
Relevant Industries
Media and Entertainment
Advertising and Marketing
Digital Content Creation
Broadcasting
Education and E-learning
Corporate Communications
Film and Television Production
Social Media and Digital Marketing
Video Game Development
News and Journalism
Relevant Teams
Legal
Content Production
Digital Marketing
Creative Services
Procurement
Compliance
Media Operations
Brand Management
Digital Assets
Content Strategy
Relevant Roles
Content Licensing Manager
Media Rights Manager
Legal Counsel
Content Acquisition Specialist
Digital Content Producer
Video Editor
Marketing Manager
Creative Director
Procurement Manager
Compliance Officer
Digital Assets Manager
Production Coordinator
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