Procurement

All posts tagged Procurement

Film Music Commissioning Contract

on May 17, 2024

Film Music Commissioning Contract

 2 parties      Scope of work       Delivery schedule     Termination notice    Payments terms

What is a Film music commissioning contract?

A Film Music Commissioning Contract is a legal agreement between a filmmaker or production company (the “Producer”) and a composer or music production company (the “Composer”) for the creation and use of original music compositions for a film or audiovisual project. This contract outlines the terms and conditions of the commissioning arrangement, including the rights, obligations, and compensation of both parties.
To explore all the other available templates go back to the Marketplace.

Tips

  • Include a Detailed Delivery Schedule: Establish a clear delivery schedule for the completion and delivery of the musical compositions.
  • Address Ownership and Copyright: Clearly address ownership and copyright of the musical compositions, specifying that the Composer retains copyright ownership but grants the Producer the necessary rights for use in the film or audiovisual project. Include provisions for registering copyrights and attributing credit to the Composer.
  • Protect Confidentiality and Proprietary Information: Include provisions to protect the confidentiality of any proprietary information shared between the parties during the course of the commissioning relationship, including drafts of the musical compositions and project-related discussions.
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Distribution agreement

on May 17, 2024

Distribution agreement

 2 parties      Products       Prices list     Renewal and termination    Territory perimeter     Minimum purchase requirement

What is a Distribution agreement?

A Distribution Agreement is a legal contract between a supplier or manufacturer of goods and a distributor who agrees to sell and distribute those goods to customers or end-users. This agreement outlines the terms and conditions governing the relationship between the parties, including rights, obligations, and responsibilities regarding the distribution of the products.
To explore all the other available templates go back to the Marketplace.

Tips

  • Review and Revise Regularly: Regularly review and revise the Distribution Agreement to ensure it remains up-to-date with changes in business needs, market conditions, and legal requirements. Consider seeking legal advice to review and validate the agreement periodically.
  • Protect Intellectual Property Rights: Address ownership and use of intellectual property rights associated with the products, including trademarks, patents, copyrights, and trade secrets. Specify any licensing or usage rights granted to the distributor.
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Coworking service agreement

on May 17, 2024

Coworking service agreement

 2 parties      T&C      Service    Renewal and termination     Recurring payment

What is a Coworking service agreement?

A Coworking service agreement is a contract between a coworking space provider and an individual or company seeking to utilise the shared workspace and associated amenities and services. Coworking spaces offer flexible arrangements where individuals or businesses can rent desks, offices, or meeting rooms on a short-term basis, typically under a monthly membership or agreement.
To explore all the other available templates go back to the Marketplace.

Tips

  • Member Responsibilities: Clearly state the responsibilities of members, such as maintaining cleanliness, respecting others’ property, adhering to safety protocols, and following any community guidelines or codes of conduct.
  • Use of Facilities: Detail the permitted uses of the coworking space, including any restrictions on activities, noise levels, or guests. Specify any shared resources like meeting rooms, printers, or kitchen facilities and how they should be utilised.
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Advanced subscription agreement

on May 10, 2024

Advanced subscription agreement

 2 parties      Subscription Amount      Reverse vesting     Major investor rights

What is an Advanced subscription agreement?

An Advanced subscription agreement is a type of investment agreement used by startups or early-stage companies to raise capital from investors. Unlike traditional equity financing, where investors receive shares of the company’s stock immediately upon investment, an advanced subscription agreement allows investors to commit funds upfront in exchange for the right to receive shares at a later date, typically upon the occurrence of a specified trigger event, such as a future funding round or an exit event.

Advanced subscription agreements are often used in jurisdictions where traditional convertible debt instruments may not be suitable or permissible, offering flexibility for startups and investors while simplifying the fundraising process. However, they also involve certain risks and complexities, so it’s important for both parties to carefully review and negotiate the terms of the agreement with the guidance of legal and financial advisors.
To explore all the other available templates go back to the Marketplace.

Tips

  • Understand Your Needs: Before drafting the agreement, clearly understand your company’s financing needs and objectives. Determine how much capital you aim to raise, the valuation cap, and the discount rate you’re willing to offer to investors.
  • Be Transparent: Clearly disclose all terms and conditions to potential investors. Transparency builds trust and reduces the likelihood of misunderstandings or disputes later on.
  • Provide Context: Include a clear explanation of the purpose and structure of the advanced subscription agreement. Help investors understand how it differs from traditional equity financing and the potential benefits it offers.
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Essential KPIs for procurement management

on November 30, 2023

In today’s rapidly changing and competitive market, procurement departments are under pressure to deliver value beyond cost savings. Companies are continuously looking for areas where they can improve the efficiency of their procurement process while making it more sustainable. 

However, to achieve this, crucial decisions need to be made based on the right data and metrics; Tracking essential KPIs for procurement management is vital. While these metrics can vary from company to company, there are several fundamental procurement KPIs that should be considered, regardless of industry.

Reading time: 3 minutes.

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How Smart contracts will affect Procurement

on October 16, 2023

The role of procurement relies on making decisions quickly.
The quality of his decisions is based on the quality of his data and this is where Smart contracts can have a decisive effect on procurement.
A Smart contract is executable code in a transactional environment, such as a blockchain which allows the simple streamlining of business services.
The procurement functions can widely benefit by adopting Smart contracts based on blockchain technology.
The inner characteristics of this technology, as speed, efficiency, transparency and immutability, offer exclusive benefits.

In this article we will examine how Smart contracts can affect procurement.

Reading time: 4 min

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How to align procurement with business requirements

on April 4, 2023

Business requirements should inform every investment in new software and technological infrastructure. You don’t launch a new project, purchase a new piece of software, or develop a new process unless it’s in response to a core business need.

But understanding exactly what that need it can be a challenge in itself. It starts with learning how to align procurement with business requirements.

Taking the time to carefully identify, analyse, and document your core business requirements can lead to a smoother procurement process with an outcome that delivers measurable results.

Reading time: 4 minutes

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