5Third Party Agreements Clause Samples

5Third Party Agreements. Any third party agreements to be executed in connection with the Picture Services shall be subject to the express prior written approval of Studio, and shall be entered into solely by Sub-Contractor in its own name provided the terms therein shall not conflict with this Agreement or the Approved Schedule or the Approved Cost of Services. (a) Sub-Contractor shall obtain from all third parties with whom it contracts in connection with the Picture, an irrevocable assignment (capable of subsequent assignment by Sub-Contractor to Studio) of the results and proceeds of their work and a waiver of their moral rights (capable of subsequent assignment by Sub-Contractor to Studio) in connection with the Picture in all media throughout the universe in perpetuity, without any payment of any additional amounts of any kind or nature. (b) Sub-Contractor acknowledges and agrees that Sub-Contractor is solely responsible for payment of all fixed and/or guaranteed compensation (except for Approved Overages, if appropriate, and to the extent such amounts have not been previously approved and advanced by Studio) payable to any such personnel for services rendered by them on the Picture, Sub-Contractor shall remain solely liable for payment of all such amounts (except for Approved Overages as above) even following Delivery of the Picture Materials to Studio, and that Studio shall have no responsibility for payment of any such amounts (except for Approved Overages, as above). (c) Studio shall have, and is hereby granted, the right (but not the obligation) for and on behalf of Sub-Contractor as attorney-in-fact, to exercise any and all rights and remedies under all such third party agreements, assignments and licenses relating to the Picture as may be necessary for Studio to enforce and/or protect the rights and interests of Sub-Contractor or Studio in the Picture and the exploitation thereof. (d) Upon Delivery of the Picture Materials to Studio, or if Studio exercises the Take-Over Rights in accordance with Section 8, Sub-Contractor shall immediately assign to Studio any and all third party agreements which it may have entered into with respect to the Picture. In the event that any third party agreements are not assigned to Studio within three (3) Business Days of a request by Studio, Studio shall have, and is hereby granted, the right (but not the obligation) for and on behalf of Sub-Contractor, as attorney-in-fact, to execute such assignments on behalf of Sub-Contractor, such p...