Common use of Distribution By Babelcube Clause in Contracts

Distribution By Babelcube. a) Rights Holder grants Babelcube the exclusive license to use, reproduce, display, market, sell and distribute the Translated Book throughout the Territory in all formats now known or hereafter invented from the Effective Date until the date that is five (5) years from such Effective Date (such 5 year period, the “Initial Distribution Period”). After the Initial Distribution Period, this Agreement will renew automatically for additional one (1) year terms (each, a “Renewal Distribution Period”) unless Rights Holder or Babelcube provides notice of termination to the other party at least 60 days prior to the end of the Initial Distribution Period or then-current Renewal Distribution Period in accordance with the notice provisions provided below. During the Distribution Period (as defined below) Rights Holder will not, and will not permit any third party to, directly or indirectly distribute, sell, or offer for sale the Book, or any portion thereof, in the language(s) the Rights Holder provided Babelcube for distribution in the Territory in any format. The Initial Distribution Period and each Renewal Distribution Period (if any), in either of the above cases, is the “Distribution Period.”