Standard Stock Footage License Agreement - 2018


DATE:                      JOB #:

                           GREENPORT, NEW YORK 11944

1.  STOCK FOOTAGE INVOLVED (hereinafter the "Stock Footage”):

2.  PRODUCTION IN WHICH STOCK FOOTAGE IS TO BE USED (hereinafter the "Production"): 

     A.  Number of uses permitted:

     B.  Total length of permitted usage: 

     C. Media in which use permitted: 
     D. Terms for which use permitted:  

     E. Territories in which use permitted: 
     F.  Other limitations on permitted uses: 

4.  LICENSE FEE:      Licensee shall pay to Licensor a fee in the sum of  [                 ] Dollars ($ [      .00])  which shall become due and payable within thirty (30) days of the date of this Agreement, and further agrees that 100% of said fee shall in all events be payable to
                                   the  Licensor  as a cancellation fee irrespective of whether or not the Licensee uses the Stock Footage as contemplated herein in order to compensate the HISTORIC FILMS ARCHIVE, LLC  for costs of compiling, copying, researching, etc. of the Stock Footage

5.   LICENSE GRANTED:      In consideration of payment of the license fee provided for in the section 4 of this Agreement, and subject to the limitations set forth in this Agreement, including, without limitation, Section 7 hereof, the Licensor hereby grants to the Licensee,
                                                without warranty, except as expressly stated in this Agreement, a limited, non-exclusive license to use the Stock Footage, subject to the terms and conditions specified herein, as follows:

    A.      Licensee hereby expressly agrees that the Stock Footage shall be used only for the permitted purposes as set forth in this Agreement, and for no other purpose;

    B.      Licensee shall not permit the Stock Footage to be made available to or to be used by any other party not contained herein at any time or in any manner other than as provided for in this Agreement;

    C.      Licensee shall allow the Licensor a courtesy credit for the use of the Stock Footage on the title cards of the Production in a manner equal in all respects to any other courtesy credits which licensee may accord to others in the Production;

    D.      Licensee agrees, at its sole expense, to promptly return to the Licensor all pre-print material, negatives, dupes, fine grain masters, video tape masters, hard drives and all other production and/or physical materials containing the Stock Footage after the completion of
             editing of the Production. If the stock footage was delivered digitally Licensee agrees to erase any and all digital copies or uploads of the footage after completion of the edit of the production;

    E.       Licensee shall, at its sole expense, provide to the Licensor with a copy of the completed Production on a mutually agreed upon format  within thirty days of the completion of the Production.
    F.       Licensee agrees to pay all laboratories’, duplication, upload fees, transportation and other related costs and fees which may be involved in producing and delivering the Stock Footage. Licensee further agrees to return the original Stock Footage to the Licensor
          within ninety (90) days of the date of this Agreement.

6.    LIMITED LICENSE:       With respect to the License granted hereunder, it is expressly understood and acknowledged by the Licensee that:

    A.      Any rights, title or interest which the Licensor maintains with respect to the Stock Footage are expressly reserved by Licensor, subject only to the limited rights under the license as granted hereunder; and  

    B.      Licensor warrants only that it has the right to grant this License with respect to the motion picture copyright in the Stock Footage, and makes no representation or warranty with respect to, and the License granted under this Agreement does not authorize, or
             guarantee the right to use, the name or likeness of any person appearing in the Stock Footage or any music contained in the Stock Footage. Licensee agrees that it is solely responsible for the such matters and for the matters set forth in Section 7A below, and
             agrees to obtain any and all clearances, consents, releases or licenses with regard to any and all rights or any third party in or to the Stock Footage and the images and performances included therein, including, without limitation, all copyrights, trademarks,
             trade names, and personal rights of privacy or publicity.

7.    LICENSEE'S ACKNOWLEDGMENTS AND INDEMNIFICATION:  Licensee expressly represents and acknowledges that:

    A.     Licensee's contemplated use of the Stock Footage may require other consents, clearances, releases or licenses from parties other than the Licensor. The Licensee hereby agrees to be solely responsible for obtaining all such necessary consents, clearances, releases
            or licenses and for making all payments and performing all obligations required thereunder to such parties, as well as any union, guild, actor, writer, composer, musician, producer, copyright or trademark owner, venue, league, director or any other person or
            entity whose performances have been recorded in or who have performed services in connection with or who otherwise possess any rights with respect to the Stock Footage;   

    B.     In the event that any  third-party claim arising out of or otherwise relating to Licensee’s use of the Stock Footage under this Agreement or otherwise relating to or arising out of the Production, (including, without limitation, any claims for infringement of
            copyright, trademark, trade name, rights of privacy or rights of publicity, defamation, unfair competition, commercial disparagement or any other actionable wrongs committed by Licensee in connection with the Production) (hereinafter, a “Claim”) is made
           against Licensee or  Licensor, then the party first receiving notice of such Claim shall  immediately notify the other party in writing regarding the details of such Claim. Licensee shall indemnify the Licensor, and its directors, officers, licensors, agents, employees,
            representatives, affiliates, parent and subsidiary corporations (“the Licensor Affiliates”), and hold Licensor and the Licensor Affiliates harmless, against any and all actions, claims, costs (including reasonable attorneys’ fees), damages, demands and expenses brought
            against, suffered or incurred by Licensor and/or the Licensor Affiliates as a result of any Claim.  In the event any Claim is brought against Licensor which Licensee acknowledges it is obligated to indemnify Licensee hereunder,  Licensee  shall be entitled, at its
            sole option and discretion, to assume the  control of the defense of any litigation related to such Claim, including but not limited to all aspects of settlement, compromise, etc., provided that Licensee shall be entitled to participate in such litigation though counsel
            of its choosing and Licensee shall  indemnify  Licensor for all of the reasonable costs and expenses of such  counsel, and provided further that any settlement approved by Licensee under this paragraph must include a general release of any and all claims against
            Licensor in a form acceptable to Licensor and its counsel and shall not include any covenants, conditions or agreements binding on Licensor and/or the Licensor Affiliates unless specifically agreed to by Licensor in its sole and absolute discretion.

8.    LICENSE TERMINATION:    Upon the expiration of the license period set forth in section 3 of this Agreement, or upon termination of this Agreement for whatever cause, all of the Licensee's rights and entitlements granted hereunder shall immediately cease and the
           License granted hereunder shall immediately be revoked and revert back to the Licensor.  The termination of this Agreement for whatever cause shall not cancel or release any indebtedness of the Licensee to the Licensor arising out of this Agreement.


    A.    Nothing in this Agreement or in the License conveyed hereunder shall be deemed to constitute a partnership or joint venture between the parties, and neither party shall do or permit any act to be done whereby it may be represented as agent or partner of the other;

    B.    No waiver whether express or implied by the Licensor of any breach by the Licensee of any of its obligations hereunder shall be deemed to constitute a waiver or consent to any subsequent or continuing breach by the Licensee of any such obligations;

    C.    In the event that the Licensee fails to make timely payment of any fee or costs payable to the Licensor, the Licensor shall have the right, without prejudice to any other right or remedy it may have under the terms of this Agreement, to charge
            the Licensee from the date that payment fell due until payment is paid in full, interest  on the outstanding indebtedness to be calculated at the rate of four (4%) per cent per an  numabove the base rate as stated by Citibank, N.A. for the applicable time
            compounded at monthly intervals;

    D.    Either party to this Agreement may assign its rights, but not its obligations, under this Agreement to a third party provided that, such third party agrees in writing, in a form reasonably acceptable to the non-assigning party, to comply with all provisions of this 
    E.    This Agreement shall be interpreted in accordance with the laws of the State of New York and will be subject to the exclusive jurisdiction of the courts, state and federal, located within the State of New York to which the parties hereby submit in relation to any
           dispute arising hereunder;

    F.     This Agreement constitutes the entire understanding of the parties with respect to the subject matter hereof, and any amendments, changes or modifications shall have legal effect and be binding only if made in writing and signed by both parties.

HISTORIC FILMS ARCHIVE, LLC           [                                                                ]

By: _______________________________              By:   _______________________________   
        Joe Lauro, President        Date                     Its Representative        Date