Common use of Sequels of the Product Clause in Contracts

Sequels of the Product. Publisher shall have the first right of negotiation for the next sequel to the Product If the parties are unable to negotiate an agreement within 30 days of Developer noticing Publisher of its desire to create a sequel, Developer shall be free to negotiate with other publishers. Prior to completing an agreement with another Publisher, Developer shall offer the Product to Publisher on the same terms and conditions as agreed to with the other publisher. Publisher shall have ten (10) days to elect to match the offer or lose its rights to the sequel and all future sequels. (For sake of clarity, Publisher has this right for the first sequel. If Publisher and Developer agree to terms for the first sequel, Publisher will have such rights for the second sequel, and so on. Once Publisher has lost the right to a particular sequel, it has lost the right to all future sequels.)

Appears in 6 contracts

Samples: Software Development and Licensing (Edmonds 1 Inc.), Software Development and Licensing (Red Mile Entertainment Inc), Edmonds 1 Inc.

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Sequels of the Product. Publisher shall have the first right of negotiation for the next sequel to the Product Product. (For sake of clarity, Fluent has this right for the first sequel. If Publisher and Developer agree to terms for the first sequel, Fluent will have such rights for the second sequel, and so on. Once Fluent has lost the right to a particular sequel, it has lost the right to all future sequels.) If the parties are unable to negotiate an agreement within 30 days of Developer noticing Publisher of its desire to create a sequel, Developer shall be free to negotiate with other publishers. Prior to completing an agreement with another Publisher, Developer shall offer the Product to Publisher on the same terms and conditions as agreed to with the other publisher. Publisher shall have ten (10) days to elect to match the offer or lose its rights to the sequel and all future sequels. (For sake of clarity, Publisher has this right for the first sequel. If Publisher and Developer agree to terms for the first sequel, Publisher will have such rights for the second sequel, and so on. Once Publisher has lost the right to a particular sequel, it has lost the right to all future sequels.)

Appears in 2 contracts

Samples: Software Development and Licensing Agreement (Red Mile Entertainment Inc), Software Development and Licensing Agreement (Edmonds 1 Inc.)

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