FINANCIAL AND COMMERCIAL OBLIGATIONS. 8.1 Exclusive rights of FIS in the FIS Championships The National Association and the City acknowledge that the FIS Championships are the exclusive property of the FIS and that the FIS owns all rights concerning their organisation, exploitation, broadcasting, marketing and reproduction by any means whatsoever, including, without limitation, the Rights. The FIS has licensed the Rights to the Rights Holder on an exclusive worldwide basis and the Rights Holder in turn will sub-license certain of those rights to one or more Commercial Partners. The National Association and the City further agree and undertake that if, for any reason whatsoever, any Rights relating directly or indirectly to the FIS Championships are held by the National Association, the City and the LOC or by any other third party as a consequence of any form of agreement with the National Association, the City or the LOC, all such Rights shall be held by such bodies in a fiduciary capacity for the benefit of the FIS and, under all circumstances, shall be assigned to the FIS by such bodies, at their cost, in form and substance satisfactory to the FIS upon the request of the FIS, for onward assignment to the Rights Holder. The National Association and the City agree that they shall not exploit any of the Rights without the authorisation of the Rights Holder.
FINANCIAL AND COMMERCIAL OBLIGATIONS. 8.1 Exclusive rights of FIS in the FIS Championships The National Association and the City acknowledge that the FIS Championships are the exclusive property of FIS and that FIS owns all rights concerning their organisation, exploitation, broadcasting, marketing and reproduction by any means whatsoever, including, without limitation, the Rights. FIS will license certain of those Rights to one or more Commercial Partners. The National Association and the City further agree and undertake that if, for any reason whatsoever, any Rights relating directly or indirectly to the FIS Championships are held by the National Association, the City and the LOC or by any other third party as a consequence of any form of agreement with the National Association, the City or the LOC, all such Rights shall be held by such bodies in a fiduciary capacity for the benefit of FIS and, under all circumstances, shall be assigned to FIS by such bodies, at their cost, in form and substance satisfactory to FIS upon the request of FIS. The National Association and the City agree that they shall not exploit any of the Rights without the authorisation of FIS.
FINANCIAL AND COMMERCIAL OBLIGATIONS
