LEGAL

Multimedia Supply Agreement – Standard Terms and Conditions


1. Definitions

1.1 "Supplier" refers to Studio Morellon, a Trustee for The MR Family Trust registered in Australia, ABN 91 926 412 327 

1.2 "Client" refers to the party receiving multimedia services or products from the Supplier.


2. Scope of Agreement

2.1 The Supplier agrees to provide multimedia services or products as outlined in the Project Proposal in the estimation or Statement of Work (SOW) agreed upon by both parties.

2.2 Any changes to the scope of work must be mutually agreed upon in writing by both parties.


3. Payment Terms

3.1 Payment Schedule: - A non-refundable deposit of 45% is required upon acceptance of the Project Proposal or SOW. - Additional payments of 45% is due when the project reaches half completion, or in accordance with the agreed-upon milestones. - The final payment of 10% is due upon completion and before the delivery of final assets.

3.2 Unless a Quote otherwise specifies, you must pay each invoice within 14 days of the date of the invoice. If payment is overdue, the Supplier may charge you interest at the Interbank Overnight Cash Rate as published by the Reserve Bank of Australia on its website plus 4% from the date of the default until the Supplier receives payment in full. The Supplier may apportion any part payments you make against any outstanding principal or interest as the Supplier may decide.  the Supplier may also apportion any payments you make under one Contract to amounts due under another Contract.


4. Delivery and Acceptance

4.1 Delivery of Final Assets: - The Supplier will deliver the final multimedia assets as specified in the Project Proposal or SOW. - The Client has 10 days days to review and provide feedback. - If no feedback is provided within the specified period, the assets will be deemed accepted.


5. Intellectual Property

5.1 Ownership: - The Supplier retains ownership of all intellectual property rights in the multimedia assets created under this Agreement, unless otherwise agreed upon in writing.

5.2 Usage Rights: - The Client is granted a non-exclusive, worldwide licence to use the multimedia assets for the purpose outlined in the Project Proposal or SOW.


6. Confidentiality

6.1 Both parties agree to keep confidential information disclosed during the course of this Agreement confidential and not to disclose it to third parties.


7. Limitation of Liability

7.1 To the extent permitted by law, the Supplier's liability for any claims arising from this Agreement shall be limited to the total fees paid by the Client under this Agreement.


8. Termination

8.1 Either party may terminate this Agreement in the event of a material breach by the other party, subject to 10 days written notice.


9. Governing Law and Jurisdiction

9.1 This Agreement is governed by the laws of the state of Victoria and both parties submit to the exclusive jurisdiction of the courts of Melbourne for any disputes.


10. Entire Agreement

10.1 This Agreement constitutes the entire agreement between the parties and supersedes all prior oral or written agreements, understandings, or representations.


11. Amendments

11.1 Any amendments to this Agreement must be made in writing and signed by both parties.


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