Common use of Grant and Term of License Clause in Contracts

Grant and Term of License. (a) SOCIETY grants and LICENSEE accepts for a term of one year, commencing , and continuing thereafter for additional terms of one year each unless terminated by either party as hereinafter provided, a license to perform publicly at common areas in the shopping center or shopping mall known as: ("the premises"), and not elsewhere, non-dramatic renditions of the separate musical compositions now or hereafter during the term hereof in the repertory of SOCIETY, and of which SOCIETY shall have the right to license such performing rights. (b) This agreement shall enure to the benefit of and shall be binding upon the parties hereto and their respective successors and assigns, but no assignment shall relieve the parties hereto of their respective obligations hereunder as to performances rendered, acts done and obligations incurred prior to the effective date of the assignment. (c) Either party may, on or before thirty days prior to the end of the initial term or any renewal term, give notice of termination to the other. If such notice is given the agreement shall terminate on the last day of such initial or renewal term.

Grant and Term of License. (a) SOCIETY grants and LICENSEE accepts for a term of one year, commencing , and continuing thereafter for additional terms of one year each unless terminated by either party as hereinafter provided, a license to perform publicly at common areas in the shopping center or shopping mall known as: any place where LICENSEE gives dance instruction, ("the premises"), and not elsewhere, non-non- dramatic renditions of the separate musical compositions now or hereafter during the term hereof in the repertory of SOCIETY, and of which SOCIETY shall have the right to license such performing rights. (b) This agreement shall enure to the benefit of and shall be binding upon the parties hereto and their respective successors and assigns, but no assignment shall relieve the parties hereto of their respective obligations hereunder as to performances rendered, acts done and obligations incurred prior to the effective date of the assignment. (c) Either party may, on or before thirty days prior to the end of the initial term or any renewal term, give notice of termination to the other. If such notice is given the this agreement shall terminate on the last day of such initial or renewal term.