1. Collaboration on Authorship
The parties to this Agreement agree to collaborate in making a _________________ about _________________ tentatively entitled _________________, and referred to in this Agreement as "the Work." The parties shall also fully and completely cooperate with regard to the promotion and exploitation of the Work and all ancillary, subsidiary, related and allied rights (the "Ancillary Rights").
2. Copyright Ownership
This collaborative work is considered a Joint Work under copyright law, and will result in an equal split of ownership among the authors. Each party agrees to keep the other fully apprised of all matters regarding the exploitation of the Work and the Ancillary Rights, including but not limited to, offers, negotiations, and communications from interested third parties regarding the purchase or lease of production rights in the Work. In the event that a trade or service mark is generated or otherwise developed from the Work or the Ancillary Rights, the parties shall be co-owners of such trade or service marks.
3. Responsibilities of Each Party
Each party shall perform and fulfill, promptly, actively and on time, all of its obligations under the Agreement. Each party will contribute to the efficient flow of information and access to relevant data according to the agreed access rights and confidentiality rules to ensure the efficient execution of this Agreement. Each party shall inform other parties in the project of relevant communications it receives from third parties in relation to the project.
4. Individual Acts
Any contract that in any way affects the rights to the Work must be signed by both parties. Either party may grant a power of attorney to the other party for this purpose.
The parties will agree on the selection of the agent (the "Agent"), if any, who will exclusively represent the parties regarding production and exploitation of the Work and the Ancillary Rights pursuant to written a written agreement (the "Agency Agreement"). In the event that the parties are unable to select an agent within a reasonable period of time, each party shall be permitted to negotiate regarding the exploitation of the Work and the Ancillary Rights, but such party will not be entitled to charge or receive any agency fee or commission.
6. Changes in Completed Work
Neither party will have the right to make any change in the completed Work without the written consent of the other party, which consent will not be unreasonably withheld by either party.
7. Production Agreements
All contracts concerning rights in the Work, including the Ancillary Rights, will be in duplicate, and each party will receive a copy thereof. Neither party will enter into any agreement concerning the rights to the completed Work unless that agreement provides that all sums due to each party under the agreement will be paid directly to that party or as provided in the Agency Agreement.
8. Authorship Credit
The credits on the Work and those Ancillary Rights in which the copyright is co-owned, including publicity notices, billings, and posters, shall read _________________ by _________________ and _________________. The type family and point size shall be the same.
Neither party will enter into any agreement concerning the completed Work unless the agreement contains a provision specifying that authorship credits shall be as set forth in this Clause.
9. Alienation of Author's Rights
No party shall be permitted to sell, pledge, lease, assign, or otherwise dispose of or encumber his/her rights in the completed Work without the consent of the other party, which consent shall not be unreasonably withheld.
If either party intends to sell, pledge, lease, assign, or otherwise dispose of or encumber his/her rights in the completed Work, that party will give the other party written notice of the price and terms under which the transaction will be affected. After the notice period, the notified party will have the option to withhold consent if any substantial duties remain to be performed by either party or to purchase the selling party's rights at the price and on the terms set forth in the notice within 30 days. If the option contained in this Paragraph is not exercised within the specified time period, the selling party may sell his/her rights at the price and on the terms set forth in the notice and, in that event, the selling party will provide the other party with a copy of the sales agreement between the selling party and the purchaser. The purchasing party shall have no rights to the Work and the Ancillary Rights other than the right to receive revenues as provided in this Agreement.
It is agreed to and understood by the parties that the materials provided by each to each shall be held in the strictest confidence until such materials are accepted for publication or other exploitation. For any other document or other material communicated as being confidential, the period of confidentiality shall be at least __________ years from the date of such communication.
11. Force Majeure
Force majeure shall mean any unforeseeable and exceptional event affecting the contract and the implementation of the project by one or more parties, which is beyond their control, is unforeseeable and insuperable and cannot be overcome despite their reasonable endeavors. Any default on the part of the party does not constitute force majeure.
12. Division of Expenses and Proceeds
All proceeds from the exploitation of the Work or co-owned Ancillary Rights will be divided between the parties according to the HyperFundIt LLC’s Payment Structure which states the following:
“There are four different payment structures that the Visionary chooses between during the campaign building process. The payment structure that the Visionary chose will be displayed on every campaign for the Influencer to see prior to agreeing to making content for a campaign.
In all payment structures, HyperFundIt collects 15% of the total funding.
A percentage of the donations will be set aside to pay Influencers who Hyped the Visionary’s campaign. This percentage is decided by the Visionary who chooses a payment structure before the Pre-launch of his campaign. This percentage of donations promised to the Influencers by the Visionary will be split amongst the Influencers respectively to the percentage of traffic generated by each Influencer. The incoming traffic is tracked through individual Bitly links provided to each Influencer by HyperFundIt. The percentage of traffic is calculated through Bitly sessions.
The payment structures are as follows:
“Hyper Funding” - This is for Visionaries who are focused on raising funds to expand or advance their products. The Visionary retains 65% of the total funding, Influencers receive 20% of the total funding.
“Half & Half” - This is for Visionaries who are concerned about raising funds and getting their name out there. The Visionary retains 42.5% of the total funding, Influencers receive 42.5% of the total funding.
“Heavy Marketing” - This is for Visionaries who are looking to raise awareness of their products or services. The Visionary retains 20% of the total funding, Influencers receive 65% of the total funding.
“Custom” - This is for Visionaries who require a flexible payment structure. The Visionary determines the percentage of the total funding to retain and the percentage to give to Influencer(s).”
Any expenses incurred by the parties in exploitation of such rights will be shared as follows:
__________________ percent by Party 1
__________________ percent by Party 2
With respect to proceeds from the exploitation of separately-owned Ancillary Rights, the individual owning such rights shall receive all such proceeds (minus any necessary or agreed-upon expenses incurred in the exploitation of such Ancillary Rights).
All gross proceeds and all accountings thereof shall be provided to the Agent, who shall pay the appropriate disbursements pursuant to the underlying Agency Agreement.
The parties agree that each shall be solely responsible for his or her own tax payments and neither shall hold the other liable for any default, delinquency, misfiling, or penalty related to such tax payments, whether at local, state, federal, or international levels.
13. Term and Termination
This Agreement shall come into force as of the date of its signature by the parties. This Agreement will remain in effect throughout the term of the copyright and any extensions of the copyright in the Work. If either party dies during the term of this Agreement, the surviving party will have the exclusive right to act in all respects as though the survivor were the sole author; provided, however, that the name of the deceased party will continue to appear in all credits as specified in Clause 8 of this Agreement, and the decedent's estate will be entitled to receive all monies and documents that the decedent, had the decedent lived, would have been entitled to receive under this Agreement.
Any default by either party under this Agreement, including but not limited to, a breach of obligations and covenants, a failure to accord or adhere to publishing or other schedules, a failure to exploit, unauthorized exploitation, or an unauthorized assignment or sublicense ("Event of Default"), shall give the non-breaching party the right to demand in writing that the breaching party cure the Event of Default within fifteen working days, after which time the non-breaching party shall have the right to immediately terminate this Agreement. If a breach occurs after acceptance of the final draft of the manuscript for the Work or after the licensing of an Ancillary Right in which the copyright is co-owned, the breaching party shall nonetheless fulfill his or her obligations with regard to promotion.
14. Dispute Resolution
The parties will attempt to resolve any dispute arising out of or relating to this Agreement through friendly negotiations amongst the parties. If the matter is not resolved by negotiation, the parties will resolve the dispute using the below Alternative Dispute Resolution (ADR) procedure.
Any controversies or disputes arising out of or relating to this Agreement will be submitted to mediation in accordance with any statutory rules of mediation. If mediation is not successful in resolving the entire dispute or is unavailable, any outstanding issues will be submitted to binding arbitration under the rules of the American Arbitration Association. The arbitrator's award will be final, and judgment may be entered upon it by any court having proper jurisdiction.
15. Governing Law
This Agreement will be governed in all respects by the law of the State of _________________.
All notices to the parties will be in writing and will be sent to the address of the party stated at the beginning of this Agreement by overnight mail with a copy to the Agent, if any.
17. Entire Agreement
This Agreement is the parties' entire Agreement, and replaces and supersedes all prior written and oral agreements, with respect to this Agreement's subject matter.
18. Severability of Invalid Provisions
If any provision of this Agreement is deemed unenforceable, that provision will be omitted only to the extent necessary to make this Agreement valid and enforceable, and the remaining provisions will remain in full force and effect.
Amendments or changes to this Agreement shall be valid only if made in writing and signed by each of the parties.
The headings are inserted for convenience in reference only and are not intended by the parties to be a part of or to affect the meaning or interpretation of this Agreement.
No term or provision of this Agreement shall be deemed waived and no breach excused unless such waiver or consent shall be in writing signed and dated by the party claimed to have waived or consented.
22. No Joint Venture
This Agreement shall not be construed to place the parties in the relationship of partners or joint venturers nor constitute any party the agent of any other party, and neither party shall have the power to obligate or bind the other party in any manner whatsoever.
23. Reservation of Rights
Any rights not expressly granted by a party to this Agreement are reserved to that party. Without limiting the foregoing, nothing in this Agreement shall be construed to prevent the parties from creating a work not involving ________________.
24. Additional Documents
Each member must execute all additional documents and take all actions as are reasonably requested by the other members in order to complete or confirm the transactions contemplated by this Agreement.
25. Successors and Assigns
This Agreement shall be binding upon the parties' heirs, assigns, successors-in-interest, executors, administrators, and any other persons or entities acquiring an interest through transfer, conveyance, succession, or inheritance, as may be permitted herein. I understand and agree that this is a legal representation of my signature.
__________ (Project Creator Signature) ___________________ (Date)
__________ (Influencer Signature) ___________________ (Date)
Please send us this document completed in PDF format, signed by both the Project Creator and the Influencer.