Clips Rights definition
Clips Rights means a royalty-free right (excluding reuse fees, residuals and any and all third party fees) by MRI to use or license third parties to use stills and/or clips (and/or music), not exceeding two (2) minutes in running time, from each of the Pictures in or in conjunction with Merchandising Rights or Reserved Rights, including articles, venues or services (including in its on-line services, the worldwide web and other electronic means of distribution) licensed by MRI and the right to use the same in connection with the exercise by MRI of its Co-Promotion/Commercial Tie-In Rights.
Clips Rights means the right to broadcast/transmit parts/Clips of the Programs/Events and or to use Clips of the Programs/Events for news purposes and/or inclusion in any highlight shows/thematic sports shows/magazine shows or similar shows or for any other purpose or to authorize any third party to do the same.