Common use of Default by Client Clause in Contracts

Default by Client. If Client defaults in any payment due hereunder, (a) Title to the material of the production shall become vested in NEP. For purposes of this provision, the term “Title” shall mean: any copyrights, releases, and any materials or services supplied by Client), and NEP shall have the sole and exclusive right to use, sell, duplicate and syndicate, all or any part of the production; and (b) NEP shall have no further obligation to Client hereunder until the total contract price is paid in full, plus interest.