2003-09-22 Regular Meeting - Laserfiche WebLink

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e '. .. 4. The Terms 01 this Agreement are 500/0 of tbe Total Investment ($11,000.00) shall be due and payable within seven (7) days of the date ofPSP's execution oftMs Agreement. The remaining SO% (511,000.00) of the Total Investment shall be dllle and payable forty-live (45) days thereafter. Client hereby agrees to pay an admiDistrative late charge of S100.00; 8D~ thereafter interest 011 past due amounts at the rate of 1.504 per month, from the date following the contractual due date(s) until the date paid in full. S. Production Expeues Included ill the Total InvestmeDt wUl include the following: one (1) video:raplier, travel to one (1) location, one (1) day of shooting (8 hours), aDd ODe (1) day or editing (8-houn), scripting, talent by Mr. Pat Summerall, music, tapestoc:k, air-time, and one (1) set ot visual chuges (DOD- broadcast), as stipulated in dause #3 and (1) VBS copy of the Video and (1) VBS copy 01 the Announcement. 6. Recipient acknowlEdges and agrees that time is of the esseJIce regarding the project agreed herein. Recipient agrees to resl'Ond to PSP's requests for approvals in a timely manner as are provided for herein, and as are periodically ...:quested by PSP's personnel. Further, Recipient agrees tbat a. Shoot Date SHALL be confirmed in writing 110 later than 10U~D (14) days from the date of signing of-this Agreement Recipient understands and agrees that if Recipieut fails to agree to a shoot date within' th~ fourteen (14) day period, the contemplated broadenst of the Announcement canDot be assured by PSP, and Recipient risks forfeiture of the broadcast. FDrtbl~rmore, this' Alreement shall be deemed and stipulated to be faDy performed by PSP and PSP's obligations hereunder sbaD eease nine (9) months from the date of execution. (Normal production timetable is estimated t~tween 3-S months). 7. Recipient shall have reasonable script direction, subject to Pat Summerall's final approval. If Recipient's scripts are not approved by the production deadline, scripts shall be deemed approved. Recipient may request one set of visual changes to the Video with the exception of Pat SummeraD's on-c:amera portion. All raw footage shot on location by PS]~ will be provided to Recipient'on Beta SP upon project completion. 8. The Broadcast date for the Announcement will be approximately JaDlu~ry 2004. . . 9. Recipient shall retalin VBS re-usage rights the Video and the Announcement to be used as, but not limited to, promotional, marla:ting, and or commnnicatioDS videos. Tbe Recipient shall not broadcast the Video and or the AilnouDcemeDt on free or pay televisioD or via tbe Interuel PSP sball retain c:opyrights and masten ill and to the Video and tIle ADnouncement, bowever Recipient may pllrchase additional copies of the Video and or tbe Announcement at PSP's standar~ duplicatioll rates. 10. . Recipient lIndentaads that the "ChampioD or Industry" Award, Announcement, and Video are produets ot PSP and is not affiliated with Headline News Network (BLNN). Redpieat fUrther Dodentands that PSP must protect. their relationsbip with networks and affiliates and mast protect the image of the talent involved with this project; therefor.!, Recipient agrees that prior to any and all press releases, 'announcements by tbe Recipient, or promotional material of any kind that pertains to the Networkt Broadcast, "Champions of Industry" Award, or the Talent, the Recipient shaD forward such publicity to PSP for review and approval. PSP . shaD respond in writiDg within (10) ten bus.iDess da)'s to such requests.. . . 11. Except as provided for in clause ##8, the Recipieat shall Dot use Talent's name, image or likeness in any way without express written permission from PSP. U. . If any provision oftlds Agreement Is held invalid or unenforceable, the balance olthis Agreement shall remain in fuU force and effect. . 13. The faUure orpsp tl) insist upon strict adberence to any term of this Agreement on auy occasion sball Dot be considered a waiver nCI' deprive PSP of the richt thereafter to insist upon strict adherence to that term or any other term of this Agreement. Any waiver must be in writing.