Posted on 16 July 2009
Tags: American Idol, consideration agreement, contract, guarantee agreement, Legal Documents, million dollar, Research, Ryan Seacrest, sample, template
TV’s American Idol host, Ryan Seacrest, has signed a $45 million dollar contract with the long running reality show. Exhibit 10.1 is a $30 million dollar guarantee agreement payable to Ryan Seacrest for his services and network exclusivity on American Idol seasons 9, 10 and 11. Exhibit 10.2 is a $15 million dollar consideration agreement also payable to Ryan Seacrest for the right of American Idol to use his personal goodwill in media for the show.
The full execution copy of the of Ryan Seacrest’s $30 million dollar guarantee agreement and the $15 million dollar consideration agreement with American Idol can be found on the RealDealDocs.com website.
Popularity: 6% [?]
Posted on 16 July 2009
Tags: American Idol, contract, Legal Documents, million dollar, Research, Ryan Seacrest, sample, template
Exhibit 10.1
CKX Inc.
650 Madison Avenue
New York, New York 10011
Ryan Seacrest Enterprises, Inc.
c/o Hansen, Jacobson, Teller, Hoberman, Newman, Warren & Richman, LLP
450 North Roxbury Drive
Beverly Hills, CA 90210
Ryan Seacrest
c/o Hansen, Jacobson, Teller, Hoberman, Newman, Warren & Richman, LLP
450 North Roxbury Drive
Beverly Hills, CA 90210
Re: America Idol (“AI”)
The following sets forth the terms of the agreement between CKX, Inc. or one of its affiliates (“CKX”), on one hand, and Ryan Seacrest Enterprises, Inc., on the other (“RSE”) for the services of Ryan Seacrest (“Ryan”):
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CKX is guaranteeing and paying to RSE the sum of $30M (the “Guarantee”), as more fully discussed in paragraphs 6 and 7 below.
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The Guarantee represents payment for the right to the services and Network Exclusivity (as defined below) for Ryan’s services on AI 9, 10 and 11 (collectively, the “AI Seasons”) and for the calendar years 2010, 2011, 2012 and the remainder of 2009 (the AI Seasons and calendar years are collectively referred to as the “Term”). [redacted]
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RSE hereby commits that Ryan shall render his hosting services for the AI Seasons, consistent with his prior services as a host of AI. As set forth in paragraph 9 below, there is no existing obligation of any nature which would prevent RSE from entering into this Agreement or from it or Ryan performing any of the services set forth herein and that neither it nor Ryan shall, during the Term, enter into any agreement which could reasonably be interpreted as restricting or frustrating RSE’s or Ryan’s ability to fully perform its or his obligations as set forth herein. Furthermore, RSE hereby represents and warrants that it has the exclusive rights to utilize or loan-out the services of Ryan necessary to effectuate the terms hereof.
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5.
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If AI is not picked up for one or more of the AI Seasons, or Ryan and CKX mutually agree for Ryan not to host AI, as discussed above, Ryan is still due the entire Guarantee and CKX is entitled to Ryan’s network exclusivity for that broadcast and/or calendar year and any remaining years of the Term. In such case, CKX and Ryan will endeavor in good faith to find a network primetime show to produce together (CKX and Ryan will mutually approve the production company; CKX and Ryan Seacrest Productions are hereby pre-approved), as well as for Ryan to host (the “New Show”) although the parties understand that failure to identify and/or agree upon a New Show will have no consequence to either party. For the sake of clarity, the parties hereby agree and confirm that CKX cannot compel Ryan to appear in any show (including a New Show) other than AI and, subject to the permitted exceptions set forth in paragraph 16, below , Ryan, during the Term, will not appear on any network primetime show other than AI, absent the prior approval and agreement of CKX.
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6.
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The Guarantee will be inclusive of any sums agreed to be paid Ryan, RSE or any affiliate of Ryan or RSE by Fremantle, FBC or any third party with respect to AI. References to the amount of remuneration or compensation paid by a third party for Ryan’s or RSE’s services shall refer to the gross amount before any withholding or deductions there from for taxes or otherwise. To the extent that Ryan or RSE receives any compensation (other than guild mandated residuals), in any form, from any third party with respect to Ryan’s services on AI during the Term, Ryan or RSE, as the case may be, shall immediately remit such funds to CKX. The Guarantee is the minimum amount that RSE shall be paid for Ryan’s services/network exclusivity as set forth herein. CKX shall negotiate in good faith with FBC and/or Fremantle for the largest possible service fee in connection with AI and shall remit to RSE any remuneration received for providing Ryan’s services in excess of 150% of the Guarantee. To the extent that, in
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Popularity: 8% [?]
Posted on 16 July 2009
Tags: American Idol, contract, Legal Documents, million dollar, Research, Ryan Seacrest, sample, template
Exhibit 10.2
CKX Inc.
650 Madison Avenue
New York, New York 10021
Ryan Seacrest, Trustee of
The Ryan Seacrest Revocable Trust UDT dated June 13, 2003
c/o Hansen, Jacobson, Teller, Hoberman, Newman, Warren & Richman, LLP
450 North Roxbury Drive
Beverly Hills, CA 90210
Re: Sale and Purchase of Good Will
The following sets forth the terms of the agreement between CKX, Inc. or one of its affiliates (“CKX”), on one hand, and Ryan Seacrest, trustee of The Ryan Seacrest Revocable Trust UDT dated June 13, 2003 (“Trust”), on the other:
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Simultaneously with the execution hereof, CKX shall acquire and the Trust shall sell certain assets (the “Assets”) owned, used or held for use by the Trust (as described in paragraph 2 below) free and clear of any and all liens and encumbrances for total consideration of $15M (the “Consideration”) as more fully discussed in paragraph 6 below.
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2.
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The Assets shall be defined as:
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a.
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The exclusive and perpetual right to use the personal goodwill of Ryan Seacrest (“Ryan”), as it relates to the television show “American Idol,” including any manner, media, format, configuration or technology in which American Idol may appear (collectively, “AI”).”
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b.
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The exclusive and perpetual merchandising rights relating to Ryan solely in connection with AI and the exclusive and perpetual right to use (i) Ryan’s name, voice, signature, likeness, photograph, image, appearance, catchphrases, etc. (“Seacrest NIL Rights”) solely in connection with AI and (ii) trademarks, if any, that have previously been used in connection with the exploitation of AI and which are owned by the Trust or Ryan or Ryan Seacrest Productions, Inc. (“Seacrest Marks”), solely in connection with AI.
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Popularity: 7% [?]
Posted on 16 July 2009
Tags: clause, contract, employment, indenture, Legal Documents, Research, sample, severance, template
Venice, CA – Legal document provider RealDealDocs.com released a free contract clause library to the general public today.
Contract clauses provide “teeth” to a legal agreement by spelling out the terms of the agreement such as the governing law, payment, etc. along with specific provisions regarding payment, termination and anything else that may be important to the deal.
For example, the Employment Clause section of the library contains all of the contract provisions you would need for an employment agreement such as confidentiality clauses, termination clauses, Indemnification clauses and many others.
The library also features numerous other popular categories such as severance clauses, supply clauses and many more.
RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality — which is easy to use — is just one of the reasons 40 of the top 200 law firms in the world use it.
The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike.
RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law.
Along with unlimited Free access to the Contract Clause Library, visitors can also search the extensive RealDealDocs.com legal contract database absolutely free. Members of the site may also download, copy, edit and print unlimited contracts and agreements in their entirety for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and be sure to visit the Free Contract Clause Library.
Popularity: 7% [?]
Posted on 22 June 2009
Tags: contract, electric car, Legal Documents, Manufacturing Agreement, Research, Roadster, sample, template, Tesla Motors Inc.
Tesla Motors Inc. is one of the leaders in the electric car movement and is primed to report corporate profits as soon as next month. In 2007, a new manufacturing agreement brought costs down nearly 50% coupled with the demand for the Tesla Motors Roadster sports car, the company is in high spirits for fiscal success.
A Manufacturing Agreement is a legal document to manufacture a product based on a sample. Includes provisions regarding the number of units manufactured, delivery date, unit cost, rejection of manufactured goods, etc.
RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.
The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.
RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.
Popularity: 5% [?]
Posted on 22 June 2009
Tags: contract, Crude Purchase Agreement, Economy, Gas, Legal Documents, oil, Research, sample, template
The Wall Street Journal reported record lows in crude purchases and futures today, prompting speculation on American’s demand for oil. While the economy works to find stability in the current social climate, many Americans have tightened their belts when it comes to spending. And not just on luxuries - what used to be seen as necessities, like gas and oil, are noticing a slip in profits as well. But just how deep does this gas slump reach?
A Crude Purchase Agreement is a legal document outlining the terms of the sale, purchase and delivery of a crude purchase.
RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.
The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.
RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.
Popularity: 5% [?]
Posted on 10 June 2009
Tags: bailout, contract, Economy, Legal Documents, Obama, Research, salary, sample, template
The Obama administration has appointed Kenneth R. Feinberg Compensation Czar; giving him the responsibility of setting the salaries for 175 executives at the nation’s seven largest companies who received government bailout funds.
As one of the main clauses in an executive employment agreement, having the salary set by a government official will affect negotiations for both the employees and employers in these top companies. Many of these corporations are wondering just how far into their executive employment agreements and workings the government intends to intrude upon.
An Executive Employment Agreement is a legal document entered into between an employer and an employee at the commencement of the period of employment and stating the exact nature of their business relationship, specifically what compensation the employee will receive in exchange for specific work performed.
RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.
The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.
RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.
Popularity: 10% [?]
Posted on 10 June 2009
Tags: Asset Purchase Agreement, auto industry, bailout, Chrysler, contract, Fiat, Legal Documents, Research, sample, template
Italy’s largest car manufacturer, Fiat, has purchased a commanding share of the Chrysler Group LLC utilizing an asset purchase agreement. Retaining the largest percentage of the Chrysler Group LLC over Fiat is the United Auto Workers’ retiree healthcare trust fund. The completion of the asset purchase agreement between Fiat and Chrysler makes the joint operation the sixth largest carmaker in the world.
An Asset Purchase Agreement is a legal document involved in the purchase of all or some of the assets of one entity by another.
RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.
The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.
RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.
Popularity: 10% [?]
Posted on 25 May 2009
Tags: contract, gold, Legal Documents, precious metals, Research, sample, silver, Stock Subscription Agreement, technology, template
The online legal document provider, RealDealDocs.com has released a number of Stock Subscription Agreements for the top companies in America including many Fortune 500 companies. These are the actual legal documents drafted by the nation’s top law firms.
Golden Eagle International Inc. drafted a stock subscription agreement for a total sum of over $20 thousand dollars at $0.0007 per share. The DigitalTown Inc. stock subscription agreement details the terms for the company’s stock plan breakdown per employee. Both of these Stock Subscription Agreements are available in their entirety on the RealDealDocs.com website.
A Stock Subscription Agreement is a legal document outlining the issuance and outstanding common stock to be owned immediately before the Closing of a transaction between two entities.
RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.
The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.
RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.
Popularity: 15% [?]
Posted on 22 May 2009
Tags: computer, contract, equipment, Legal Documents, Research, sample, services, Stock Restriction Agreement, technology, template
The Stock Restriction Agreement for Premiere Global Services Inc. was made available today by online legal document provider RealDealDocs.com.
The Premiere Global Services Inc. stock restriction agreement sets the terms for the technology company’s Directors Stock Plan. The Soapstone Networks Inc. stock restriction agreement is an employee global stock plan. Both of these Stock Restriction Agreements are available in their entirety on the RealDealDocs.com website.
A Stock Restriction Agreement is a legal document in which the Shareholder agrees to subject the shares of common stock of the Company held by the Shareholder to vesting and to certain other restrictions on the transfer of the Security Holdings.
RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.
The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike.
RealDealDocs.com helps to cut drafting time in half and provides insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.
RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.
Popularity: 7% [?]
