Common use of Royalty Deductions Clause in Contracts

Royalty Deductions. Getty Images may deduct the following amounts from the Royalties payable to you (together the “Royalty Deductions”): (a) advances on earnings or royalties under any agreement with Getty Images; (b) Royalties paid in connection with a license later cancelled, where the original sale has been reported in a current or past sales report (“Sales Report”) including where due to a fraudulent transaction; (c) overpayment of Royalties in a prior Royalty period; and (d) amounts that may be deducted or withheld in accordance with Section 2.2

Royalty Deductions. Getty Images may deduct the following amounts from the Royalties payable to you (together the “Royalty Deductions”): (a) advances on earnings or royalties under any agreement with Getty Images; (b) Royalties paid cancellations, partial refunds or other sales incentive rebates in connection with respect of a license later cancelled, where the original sale has been reported in a current or past sales report (“Sales Report”) including where due to a fraudulent transaction; (c) overpayment of Royalties in a prior Royalty period; and (d) amounts that may be deducted or withheld in accordance with Section 2.2;