Stock Photo License Template for Malaysia

This document serves as a legally binding Stock Photo License agreement under Malaysian jurisdiction, essential for businesses and individuals seeking to properly license photographic content for commercial or personal use. It is particularly relevant in today's digital economy where visual content plays a crucial role in marketing, communications, and publishing. The agreement incorporates provisions from Malaysia's Copyright Act 1987 and Electronic Commerce Act 2006, ensuring proper protection of intellectual property rights while facilitating digital transactions. It addresses key aspects such as usage rights, territorial restrictions, modification permissions, and fee structures, making it suitable for both digital and print applications of licensed photographs.

1. Parties: Identification of the licensor (stock photo provider) and licensee, including full legal names and addresses

2. Background: Brief context explaining the nature of the agreement - that the licensor owns/represents photography works and licensee wishes to license specific images

3. Definitions: Definitions of key terms including 'Licensed Images', 'License Fee', 'Usage Rights', 'Territory', 'Term', and other relevant terminology

4. Grant of License: Specific rights being granted, including type of license (exclusive/non-exclusive), permitted uses, and territory

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

6. Usage Restrictions: Specific restrictions on how the licensed images may be used, including prohibited modifications and uses

7. Term and Termination: Duration of the license and circumstances under which it can be terminated

8. Intellectual Property Rights: Confirmation of licensor's ownership and intellectual property rights in the images

9. Warranties and Representations: Warranties regarding ownership, right to license, and image quality

10. Indemnification: Mutual indemnification provisions for breach of agreement or misuse of licensed images

11. Confidentiality: Obligations regarding confidential information shared during the agreement

12. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes