Tennessee Form — Licensee Oriented Audiovisual Streaming Agreement Short Form is a legally binding contract designed to outline the terms and conditions for licensing audiovisual content for streaming purposes. This agreement is specifically tailored to protect the rights and interests of licensees in Tennessee. The Tennessee Form — Licensee Oriented Audiovisual Streaming Agreement Short Form contains various sections that cover crucial aspects of the licensing arrangement. It sets forth the obligations and responsibilities of both parties involved, ensuring a fair and mutually beneficial relationship. Some key components included in this agreement are: 1. Parties and Effective Date: The agreement specifies the legal names and contact information of the licensee and licensor. It also mentions the effective date when both parties enter into the agreement. 2. Grant of License: This section outlines the scope of the license, including the specific audiovisual content that the licensee is authorized to stream. It may also detail any restrictions or limitations on the usage of the content. 3. License Fee and Payment Terms: The agreement specifies the amount of the license fee, payment methods, and the timeline for payment. It may also outline any penalties or late fees for overdue payments. 4. Term and Termination: This section defines the duration of the licensing agreement and how either party can terminate it. It may include provisions for early termination, breach of contract, or non-compliance with agreed terms. 5. Intellectual Property Rights: The agreement addresses the ownership of intellectual property rights associated with the licensed audiovisual content. It may include clauses pertaining to copyright, trademarks, patents, and any other relevant intellectual property considerations. 6. Representations and Warranties: Both parties make certain representations and warranties about their rights to enter into the agreement and the accuracy of the information provided. This protects both the licensee and licensor from any false claims or misinformation. 7. Indemnification and Limitation of Liability: This section outlines the obligations of each party to indemnify the other against any claims, damages, or losses arising from the use of the licensed content. It may also specify any limitations on liability for either party. Types of Tennessee Forms — Licensee Oriented Audiovisual Streaming Agreement Short Form: 1. Individual Licensee Agreement: This form is specifically tailored for individual licensees who wish to stream audiovisual content. It addresses the unique considerations and rights of individual licensees operating within Tennessee. 2. Business Licensee Agreement: This form is designed for businesses or organizations seeking to license audiovisual content for streaming purposes. It includes provisions relevant to commercial entities and their specific obligations and rights. By using the Tennessee Form — Licensee Oriented Audiovisual Streaming Agreement Short Form, both licensees and licensors can establish a clear and enforceable agreement that protects their respective interests and ensures a successful streaming arrangement.