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This Stock Photo License agreement is designed for use in New Zealand when establishing a legal framework for the licensing of photographic works. It is particularly relevant when a photographer, photography agency, or stock photo platform (licensor) wishes to grant specific usage rights to a business or individual (licensee) while retaining underlying copyright ownership. The document addresses key requirements under New Zealand's Copyright Act 1994 and related legislation, including usage rights, territorial restrictions, attribution requirements, and payment terms. It provides essential protections for both parties by clearly defining permitted uses, restrictions, and intellectual property rights, while ensuring compliance with New Zealand's legal framework for digital content licensing.

1. Parties: Identification of the licensor (photographer/agency) and licensee, including full legal names and contact details

2. Background: Context of the agreement, including the nature of the stock photos and general purpose of the license

3. Definitions: Key terms used in the agreement including 'Licensed Images', 'Usage Rights', 'Territory', 'License Fee', etc.

4. Grant of License: Specific rights being granted, including permitted uses, modifications, and reproduction rights

5. License Fee and Payment Terms: Details of licensing fees, payment schedule, and any recurring fees

6. Usage Restrictions: Specific limitations on use, prohibited modifications, and restrictions on sublicensing

7. Attribution Requirements: Requirements for crediting the photographer/agency when using the images

8. Intellectual Property Rights: Confirmation of ownership and intellectual property rights retention

9. Warranties and Representations: Warranties regarding ownership, third-party rights, and quality of images

10. Term and Termination: Duration of the license and circumstances for termination

11. General Provisions: Standard legal provisions including governing law, notices, and entire agreement