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Stock Footage License Agreement

Stock Footage License Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Stock Footage License Agreement

"I need a Stock Footage License Agreement for my advertising agency to license aerial city footage from a Hong Kong-based content provider, with worldwide usage rights for a 3-year term starting January 2025, including rights for both digital and television advertising."

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Document background
The Stock Footage License Agreement is essential for businesses and individuals seeking to legally acquire and use pre-recorded video content in Hong Kong. This document is commonly used when a party wishes to incorporate stock footage into their productions, advertisements, or other media projects. The agreement, governed by Hong Kong law, comprehensively covers licensing terms, usage rights, technical specifications, and compliance with local copyright regulations. It is particularly relevant in today's digital age where video content is increasingly important for marketing, education, and entertainment purposes. The document should be used whenever stock footage is being licensed, whether for one-time use or ongoing projects, and includes crucial provisions for protecting both the licensor's intellectual property rights and the licensee's usage rights under Hong Kong's legal framework.
Suggested Sections

1. Parties: Identification of the licensor (footage owner) and licensee, including full legal names and addresses

2. Background: Brief context explaining the licensor's ownership of the footage and licensee's desire to use it

3. Definitions: Key terms used in the agreement including 'Stock Footage', 'License Fee', 'Territory', 'Usage Rights', etc.

4. Grant of License: Specific rights being granted, including scope, territory, and duration of the license

5. License Fee and Payment Terms: Details of licensing fees, payment schedule, and any recurring fees

6. Delivery and Technical Specifications: Format, resolution, and method of footage delivery

7. Usage Restrictions: Specific limitations on how the footage can be used, modified, or sublicensed

8. Representations and Warranties: Licensor's warranties regarding ownership and licensee's warranties regarding usage

9. Intellectual Property Rights: Confirmation of ownership and protection of IP rights

10. Term and Termination: Duration of the agreement and circumstances for termination

11. Indemnification: Mutual indemnification provisions for breach of warranties or misuse

12. General Provisions: Standard clauses including governing law, notices, and entire agreement

Optional Sections

1. Exclusivity Provisions: Used when granting exclusive rights to the licensee for specific territories or uses

2. Credit and Attribution: Required when the licensor requires specific attribution for footage use

3. Quality Control: Included when the licensor wants to maintain control over how their footage is used or modified

4. Audit Rights: For agreements where usage tracking and verification is important

5. Revenue Share: When the agreement includes profit-sharing or royalty arrangements

6. Moral Rights: Particularly important for agreements involving artistic works or when required by local law

7. Distribution Rights: When licensee is granted rights to distribute or sublicense the footage

Suggested Schedules

1. Schedule 1 - Licensed Footage: Detailed list and description of all stock footage covered by the agreement

2. Schedule 2 - Technical Specifications: Detailed technical requirements including format, resolution, codec, and delivery specifications

3. Schedule 3 - Fee Schedule: Detailed breakdown of licensing fees, including any variable pricing based on usage

4. Schedule 4 - Territory and Usage Restrictions: Specific geographical restrictions and permitted uses

5. Schedule 5 - Delivery Schedule: Timeline and method for footage delivery

6. Appendix A - Acceptable Use Policy: Detailed guidelines for acceptable modification and use of the footage

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Stock Footage
Licensed Content
License Fee
License Period
Territory
Permitted Use
Intellectual Property Rights
Effective Date
Delivery Date
Technical Specifications
Authorized Users
Confidential Information
Derivative Works
Distribution Channels
Editorial Use
Commercial Use
Force Majeure
License Grant
Licensor
Licensee
Metadata
Modification Rights
Non-Exclusive License
Payment Terms
Project
Quality Standards
Release Date
Representations and Warranties
Restricted Use
Rights Clearance
Royalty
Sub-License
Term
Third Party Rights
Usage Report
Video Format
Watermark
Working Day
Raw Footage
Final Cut
Broadcasting Rights
Digital Platform
Usage Restrictions
Content ID
Resolution
File Format
Clauses
Grant of License
License Fee
Payment Terms
Delivery
Technical Requirements
Usage Rights
Usage Restrictions
Territory Restrictions
Term and Duration
Termination
Intellectual Property Rights
Copyright Protection
Warranties
Representations
Indemnification
Liability
Force Majeure
Confidentiality
Attribution Requirements
Quality Control
Modification Rights
Sub-licensing
Assignment
Audit Rights
Reporting Requirements
Dispute Resolution
Governing Law
Entire Agreement
Severability
Notices
Amendment
Waiver
Further Assurance
Counterparts
Third Party Rights
Data Protection
Content Security
Distribution Rights
Relevant Industries

Media & Entertainment

Advertising

Broadcasting

Digital Content Creation

Education

Corporate Communications

Film & Television

News & Journalism

E-learning

Marketing & PR

Social Media

Gaming & Interactive Media

Relevant Teams

Legal

Content Licensing

Media Rights

Production

Creative

Content Acquisition

Digital Rights

Compliance

Marketing

Corporate Communications

Procurement

Intellectual Property

Relevant Roles

Legal Counsel

Content Licensing Manager

Media Rights Manager

Production Manager

Creative Director

Content Acquisition Specialist

Digital Rights Manager

Compliance Officer

Video Producer

Marketing Director

Corporate Communications Manager

Procurement Manager

IP Rights Manager

Media Operations Director

Industries
Copyright Ordinance (Cap. 528): Primary legislation governing copyright protection in Hong Kong, crucial for defining rights transfer and licensing terms for stock footage
Contract Ordinance (Cap. 26): Governs the formation and enforcement of contracts in Hong Kong, including commercial licensing agreements
Electronic Transactions Ordinance (Cap. 553): Relevant for digital delivery and electronic licensing of stock footage, ensuring legal recognition of electronic contracts
Trade Descriptions Ordinance (Cap. 362): Ensures accurate description of goods and services, including digital content and licensing terms
Personal Data (Privacy) Ordinance (Cap. 486): Relevant if the stock footage contains identifiable individuals or if personal data is collected during the licensing process
Broadcasting Ordinance (Cap. 562): May be relevant for stock footage intended for broadcast use in Hong Kong
Control of Obscene and Indecent Articles Ordinance (Cap. 390): Relevant for content regulation and classification of stock footage material
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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