Common use of Return of Masters and Degaussing Clause in Contracts

Return of Masters and Degaussing. Within 30 days after the end of the License Period of each Included Program, or earlier upon Licensor’s written request, Licensee shall at Licensee’s expense return to Licensor all Picture Masters, Promotional Materials and any other materials for such Included Program (including, but not limited to, all dubbed and subtitled versions) in substantially the same condition (except for normal wear and tear) as that in which they were delivered to Licensee or, at Licensor’s request, destroy any such materials and provide Licensor with a certificate of destruction signed by an officer of Licensee. Promptly following the termination of the License Period for each Included Program, Licensee shall degauss the Sub-Masters and provide to Licensor a dated statement certified by a Licensee manager providing that the Sub- Masters were destroyed.

Appears in 4 contracts

Samples: License Agreement, License Agreement, License Agreement

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