Parties: 1. Dizzla D Beats, chamber of commerce no. 000042123496, for the purpose of this Non-Exclusive License Agreement as licensor, (hereafter: "Dizzla D Beats"), And 2. You, for the purpose of this Non-Exclusive License Agreement as licensee, (hereafter: the "Licensee" or "You"), Dizzla D Beats and Licensee shall hereinafter collectively also be referred to as the "Parties". This Non-Exclusive License Agreement serves as a legally binding agreement between Dizzla D Beats and You, made and entered into as of the Effective Date (defined below). Parties agree to the following:
Dizzla D Beats grants to Licensee, for the Term and in the Territory as defined below, the following non-exclusive rights:
The rights granted in this Article 1 are collectively referred to as the "License".
The License does not include any other rights than explicitly granted in Article 1 of this agreement. Any such rights not explicitly granted in this agreement are reserved by Dizzla D Beats. For the avoidance of doubt, the License in any case explicitly does not include the following rights:
If Licensee breaches any obligation under this agreement, regardless whether that is due to Licensee's (gross) negligence or not, he/she will forfeit an immediately payable penalty of EUR 5.000,-- (five thousand euro) as well as an additional penalty of EUR 1.000,-- (one thousand euro) per day Licensee is in breach of such obligation. Additional to forfeiting aforementioned penalty, Licensee is liable to pay all damages incurred by Dizzla D Beats due to Licensee's breach of such obligation.
The territory for which this agreement is entered into concerns the entire world (the "Territory").
The entire legal relationship between the Parties, including this agreement and everything connected with it, shall be governed exclusively by Dutch law. Any disputes between the Parties shall be submitted in first instance to the competent court of the District Court of Amsterdam.