Aparna S (articled clerk) 18 March 2009

contract or agreement for royalty payment

Dear all,

I have to draft an agreement with a media portal for buying the concept or idea of a programme from the originator (person who developed and created the concept) and in turn, he would be paid as a royalty on airing each episode of the same in the media portal.

I request you to help me by giving or suggesting some important clauses which will safeguard the originator interest, to be included in the agreement.

I would be happy if you can kindly spare your valuable time in this regard.

Thanks

Regards

Aparna S

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BHANU RASPUTRA (ADVOCATE & SOLICITOR divyatta.r@gmail.com) 30 March 2009

SEE IN THE INTERNET 1ST. AST DRAFT YOURSELF. READ THE BOOKS OF DRAFTING .

Sanjay Agarwal (MANAGER) 15 March 2010

Dear Aparna S,

Have u got the draft agreement for payment of royalty.

I am looking for a similar draft. Just see if you can share with me.

RAVI ARORA (MANAGER(LEGAL AND SECRETARIAL)) 17 March 2010

DEAR APARNA ,

YOU MAY PLS. KEEP IN MIND THE FOLLOWING POINTS :-

1. CONFIDENTIALITY CLAUSE

2. NO FIXED ROYALTY . SHOULD BE BASED ON THE REVENUE . NO REVENUE , NO ROYALTY .

3. INDEMNITY CLAUSE - SHOULD INDEMNIFY IF THIRD PARTY CLAIMS ON YOU FOR MATTERS RELATED TO THE PORTAL .

4. TENURE SHOULD BE FIXED . ALSO FIX THE TENURE FOR THE ROYALTY .

5. WILL NOT LEND THE PORTAL TO SOMEBODY ELSE . U WILL ALWAYS HAVE THE FIRST RIGHT TO REFUSE .

6. THERE SHOULS ALWAYS BE SOME MECHANISM FOR DISPUTE RESOLUTION .

REGARDS

RAVI ARORA

contract or agreement for royalty payment

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