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Rip-off Agreement (page 3)

 

 

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4. Publications

Hereinafter any publications, books, manuals, magazines, news articles, news letters, periodicals, photographs, videos, recordings, films, movies, audio recordings, training films, records, cassettes, CD's, tapes, illustrations, artwork and any printed matter concerning the martial arts and Oriental healing arts shall be referred to as Media.

  1. Member agrees that prior to writing, creating, producing, or fabrication of any such Media, Member will receive advance written consent and authorization from the ROYA to do so.

  2. Member agrees to present these Media in rough draft form and again in the finalized form to ROYA for their written approval prior to any release of such works.

  3. Member consents to willingly and without reservation alter or change any aspect of said Media as requested by ROYA.

  4. In the event that Member authors, creates, produces, publishes, acts in, or receives any financial compensations from the above mentioned Media, Member agrees to pay twenty-five percent (25%) of all Member's net receipts from initial and subsequent sales, advancements and royalties to the ROYA.

  5. All copyrights and patents of such Media shall be held in the name of the ROYA. Member and ROYA agree that they will cooperate in all respects necessary to the protection and maintenance of copyrights and patents.

  6. ROYA will receive a reasonable number of copies of all such works at Member's costs and retains the right to deal with the publishing firm, film company, recording studio, or similar firms in conjunction with or on behalf of Member.

  7. ROYA agrees to assist Member in arriving at story ideas, editing, giving technical advice, historical; accuracy, choreographing projects, and in any manner at its disposal to assist Member in Members' undertaking of any Media. ROYA will also advertise said works to its members.

5. Finances

All monies shall be payable in U.S. Currency, Money Order or Cashiers Check.

  1. Member will pay ROYA the annual membership fee as set forth below:

  2. If Member opens a School (definition found in 2A of this contract),

    1. Member will pay to ROYA the annual School fee as set forth below:
    2. Member will pay ten percent (10%) of net profits realized to ROYA by the 5th of each month.
    3. Member will have Member's students send their annual membership dues to ROYA (via Money orders or Cashiers Check)
    4. If Member locates his or her school within a 250 mile radius of ROYA Headquarters, Member will send all testing fees (as set forth below) to ROYA. Those schools located outside a 250 mile radius will send fifty percent (50%) of testing fees to ROYA.
    5. All Black Belt testing shall be conducted at ROYA Headquarters and testing and processing fees paid at that time.
     

  3. Twenty-five percent (25%) of all net profits from demonstrations, expositions, television broadcasts, movie rights, and any other function in which Member receives funds directly or indirectly as a result of Member's knowledge in Rip-off Yu shall be paid to ROYA. ROYA agrees to assist Member in negotiating terms with these outside agencies or companies and agrees to assist Member in their pursuit thereof of such endeavors.

6. Indemnity

  1. Member shall indemnify and hold harmless ROYA from any claim, suit, or action and any expense or damage in consequence thereof, asserted by reason of ROYA's exercise or enjoyment of any of it's rights hereunder or by reason of any warranty or promise made by ROYA in connection with the exercise of any such rights.

  2. ROYA shall have the right at its option, but without any obligation to do so, to defend any such claim, suit, or action by counsel of its selection and with the consent of Member to settle the same on such terms as it deems advisable.

  3. In the event a final judgment is entered against ROYA, or settlement is reached pursuant to the aforesaid claim, suit, or action, Member shall be liable for and shall pay to ROYA the full amount of said judgment or settlement and shall reimburse ROYA for any and all expenses incurred, including attorney fees.

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