Hi! My Friends, I have got serious problems here!

August 16, 2011 3:01am CST
Who can paraphrase the below paragraph? It is really difficult for me to understand it. 1.In connection with the foregoing appointment, Lisencor hereby grants to Distributor,... 2.an exclusive lisence to exercise and advertise and publicize the exploitation of the granted rights... 3. to incur and recover as herein set forth all expenses as shall be neccesary in respect thereof... Thanks in advance!
1 response
@Flash2 (347)
• United States
16 Aug 11
Okay buddy, I'm not a lawyer but I'm Gonna ive it a try... 1. Party A(lisencor) grants party B(Distributor) 2.the right to use exclusive lisence and to 3.retain any proceeds from said lisence. I don't know what the product is, and I don't know if I'm correct, but like I said---I'm not a lawyer
• China
16 Aug 11
Hi, buddy, thanks so much for your help. This is a law about the rights that a movie distributor has. Anyway, let's just put it behind, have a good day.