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    Anghami Mdproduction Contract

    Uploaded by

    rahim
    This 3 sentence summary provides the key details from the document: This license agreement grants Anghami, a Cayman Islands company, non-exclusive rights for 2 years to make available music content owned by MD-Production, an Algerian company, through digital distribution on its web and mobile apps globally. MD-Production guarantees it owns the rights to the content and will indemnify Anghami against any legal claims, and Anghami will pay MD-Production 50% of net proceeds from streams proportionate to plays of its content. The agreement is governed by Lebanese law and any disputes will be settled in Beirut courts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Anghami Mdproduction Contract

    Uploaded by

    rahim
    24 views1 page
    This 3 sentence summary provides the key details from the document: This license agreement grants Anghami, a Cayman Islands company, non-exclusive rights for 2 years to make available music content owned by MD-Production, an Algerian company, through digital distribution on its web and mobile apps globally. MD-Production guarantees it owns the rights to the content and will indemnify Anghami against any legal claims, and Anghami will pay MD-Production 50% of net proceeds from streams proportionate to plays of its content. The agreement is governed by Lebanese law and any disputes will be settled in Beirut courts.

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    This 3 sentence summary provides the key details from the document: This license agreement grants Anghami, a Cayman Islands company, non-exclusive rights for 2 years to make available music content owned by MD-Production, an Algerian company, through digital distribution on its web and mobile apps globally. MD-Production guarantees it owns the rights to the content and will indemnify Anghami against any legal claims, and Anghami will pay MD-Production 50% of net proceeds from streams proportionate to plays of its content. The agreement is governed by Lebanese law and any disputes will be settled in Beirut courts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    24 views1 page

    Anghami Mdproduction Contract

    Uploaded by

    rahim
    This 3 sentence summary provides the key details from the document: This license agreement grants Anghami, a Cayman Islands company, non-exclusive rights for 2 years to make available music content owned by MD-Production, an Algerian company, through digital distribution on its web and mobile apps globally. MD-Production guarantees it owns the rights to the content and will indemnify Anghami against any legal claims, and Anghami will pay MD-Production 50% of net proceeds from streams proportionate to plays of its content. The agreement is governed by Lebanese law and any disputes will be settled in Beirut courts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    LICENSE AGREEMENT

    This License Agreement (the “Agreement”) is made and entered into 30/04/2020 by and between:

    1- MD-Production , a company duly represented by


    ,
    Abderrahim Madi having its elected domicile at
    ,
    Alger, Algeria , hereinafter referred to as the “Label” or
    the “Licensor”

    AND
    2- Anghami, a Cayman Islands exempted company registered in the Cayman Islands, sub
    N°266308, duly represented by its CEO Mr. Edgar Maroun, hereinafter referred to as the “Second
    Party” or the “Licensee”.

    Both referred to as the “Parties”.


    Whereas the Licensor owns the intellectual property right, publishing rights and all other rights
    related to the Content as defined in Appendix N. 1, and
    Whereas the Licensee wishes to make available the abovementioned Content through digital
    means on its web and mobile applications,
    Now therefore, the following has been agreed by mutual consent between the parties:

    Article 1: The preamble above constitutes an integral part of this Agreement and shall be construed accordingly.

    Article 2: Guarantee: The Licensor guarantees that he owns and controls the rights represented herein with respect
    to the Content and has and will hold throughout the Territory and during the Term the above listed rights to exploit
    said Content as contemplated herein. The Licensor shall indemnify and hold the Licensee harmless from any and all
    claims, liabilities and costs, losses, damages or expenses (including attorney's fees) arising out of any breach,
    allegation, claim or failure of any covenants or warranties made by the Licensor herein. The Licensor further holds
    harmless the Licensee against any claim issued by third parties and to compensate the Licensee fully against legal
    expenses, attorney fees and copyright infringements pertaining to the Rights granted herein. The Licensor agrees
    that the Licensee may make public statement regarding its relationship with the Licensor without the latter's prior
    written approval in each instance.

    Article 3: Rights Granted: The Licensor hereby grants the Licensee the right:
    1. To make available the catalog/the Content on a non-Exclusive basis through all digital means for digital
    distribution on mobile carriers in streaming and offline downloads (tethered) within its apps.
    2. To make available the catalog through Business-to-Business (B2B such as mobile operators) and Business-
    to-Consumer (B2C) within its apps.

    Article 4: Term: This Agreement is made for 24 Months (the “Term”) effective from the date of signature of this
    Agreement and is automatically renewable for the same consecutive terms if no termination was requested by any
    of the parties in writing 1 month prior to the end of the term.
    Article 5: Fees: The Licensee agrees to pay the Licensor 50% on Net proceeds from revenues generated ‘pro-rata’ in
    proportion with Licensor’s percentage of streams over the whole traffic of plays periodically and within the term of
    the license.

    Article 6: Territory: The Territory of this Agreement is the world.

    Article 7: Governing law and Jurisdiction: This agreement shall be governed by the Lebanese laws and any and all
    disputes arising out of or in connection with the interpretation, execution or non-execution of any or all of the
    provisions hereof shall be settled by the competent jurisdictions of Beirut.

    This constitutes the entire Agreement between the parties herein.


    IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement by:

    Licensor Licensee
    Abderrahim Madi for MD-Production

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