Common use of Distribution and Exploitation Clause in Contracts

Distribution and Exploitation. a. The parties will mutually approve all agreements for the distribution, exhibition or other exploitation of productions hereunder, as well as the identity of the licensee/network/studio/distributor (each a “Buyer”). b. All proceeds from the distribution of productions will be split equally between TTS and Cartel, after recoupment of production costs (and any other costs incurred by either or both parties in connection with the development, production or marketing of any production). c. Cartel will use its reasonable best efforts to cause TTS to retain merchandising rights in each production, subject to the approval of the applicable Buyer and to the negotiation in good faith of the terms on which TTS will exploit such rights. d. In the event that the parties do not enter into an agreement with a Buyer for a Project, then all rights in and to such Project will revert back to the original party who brought the Project subject to the co-ownership of any mutually created materials for the Project which may not be exploited without the mutual consent of the parties.