[Company name] Lease Agreement
This [Company name] Lease is made effective as of
(Lessor) [Company Name]
(Lessee) ......................................., whose address is: ............................
and states the agreement of the parties as follows:
The [Channel for Lease]
SUBJECT TO LEASE. Lessor shall lease the [name of channel] Channel as listed herein:
LEASE TERM. The term on this lease shall be for 365 days from the date herein and automatically renews for another 365 day term thereafter, and each successive 365 days thereafter. In the event the Lessor or Lessee desires to terminate this lease, written notice must be given to the other party at the address provided herein and postmarked not less than 30 days prior to the upcoming expiration date. Failure to give said notice in accordance herewith automatically renews the term of this lease.
Lessee has the right to purchase the [name of channel] Channel outright and end this lease agreement.
PAYMENT TERMS. The Lessee shall make one payments of $1500.00
herewith, and installments in the amount of $50.00 for video hosting monthly
payable on the 1st day of each Month of the term and all renewals, beginning each year on the contacted day.
In the event any payment due hereunder is not received on or before the due date, Lessee shall pay to Lessor, in addition to such payment or other charges due hereunder, a late fee in the amount of $25.00. The Lessee shall be charged and assessed 25% of the amount due for each check that is returned to Lessor as unpaid for any reason.
APPROPRIATE USE OF [name of channel] Channel(s). The [name of channel] Channel(s) may only be used for appropriate Video and Photos that fit the names of The [name of channel] Channel. Their use must comply with all laws, ordinances, and regulations relating to the possession or use of [name of channel] TV. These domains may not be used for adult content, the sale of firearms, the mailing of spam or any other questionable uses. The predetermined uses of the domain name(s) are as follows:
DELIVERY OF [name of channel] Channel(s). Lessor shall be responsible to deliver the [name of channel] Channel specified within this lease by means of adding Lessee’s business contact information including business name, business address (es), business telephone number(s), and a reasonable amount of information specific to the business to the content of the [name of channel] Channel. Completion of these changes to the publicly visible content on the [name of channel] Channel shall constitute delivery hereunder. Lessor shall have 60 to 90 days to complete such delivery.
Lessor and Lessee agree the consideration Lessee agrees to pay under this lease is based upon the positioning and visibility of the [name of channel] Channel in [name of channel] TV Search. The parties further acknowledge and agree altering the content on any [name of channel] TV Channel can positively and negatively affect its position in the search. Therefore, Lessor reserves the right, in its sole discretion, to limit the changes to existing content. As neither party can directly control any search engine and rankings for the [name of channel] TV Channel, Lessee hereby releases Lessor from any liability or responsibility arising from any change in search ranking of the [name of channel] TV Channel.
ALTERATIONS. Lessee shall make no alterations to the use of the [name of channel] TV Channel(s) from the original agreed upon use without prior written consent of Lessor.
MAINTENANCE OF Roku TV Channel. Lessor shall maintain at the Lessor cost, the [name of channel] TV Channel herein specified and content, as it exists on this date. Such a [name of channel] TV Channel shall maintain minimum of 97% of up time.
Lessee can maintain their own [name of channel] TV Channel if agreed upon and contracted.
RETURN OF [name of channel] TV Channel(s). At the end of the lease term, Lessor will have the right, but not the obligation, to amend the content to its original form, including the removal of all information specific to the Lessee’s business.
Roku TV Channel AND OWNERSHIP. The [name of channel] TV Channel shall at all times remain in the name of Lessor, his heirs, successors and assigns, and shall remain the responsibility of Lessor for the duration of this lease. Lessor shall keep registration up to date, notwithstanding Lessor shall not be responsible for errors or actions made by the registrar. Nothing herein shall be construed to effect a transfer of ownership, change of registrar, or Technical or Administrative designees with Registrar.
The Lessee can contract OWNERSHIP of The [name of channel] TV Channel and have all rights assigned to The [name of channel] TV Channel