Tektime immediately after 60 days from the date of the invoice or notification, will send the payment to the DDD and to the Translator in the manner that will have been indicated when registering on the Portal. In the event that the amount that Tektime must pay to the DDD or the Translator is less than 50 Euros, this amount will be set aside and accumulated in the proceeds of the subsequent period until the threshold of 50 Euros is reached. Upon exceeding this threshold, the proceeds may be liquidated and payment will be made in the manner indicated in the previous points 1 1 .2, 1 1 .3 and 1 1 .4. The accounts and payments of proceeds will be made exclusively in EURO. Tektime will not be liable for any losses resulting from changes in exchange rates in other currencies.
Tektime a) an exclusive license distribution. Rights Holder and Translator grant to Tektime the exclusive license to use, reproduce, display, market, sell and distribute in all the Territories a Translated Book, in all currently known formats or in future developed, both digital and paper, for five (5) years from the effective date (contract signature). This period is called the "initial distribution period." Thereafter, this Agreement shall be automatically renewed from year to year ("Additional Distribution Period"), unless Rights Holder or Tektime provide a formal notice of termination via e-mail, at least sixty (60) days before the expiry of "Initial Distribution Period" or at least sixty (60) days before the expiry of "Additional Distribution Period". The "Initial Distribution Period" and " Additional Distribution Period "will from now on referred to only as " Distribution Period ". During the Distribution FAC-SIMILE Period, if Rights Holder will not indicate his Publisher, than Tektime will be identified as the editor or publisher of Translated Book.
