IFTA Arbitration definition

IFTA Arbitration means an arbitration conducted pursuant to the IFTA Rules for International Arbitration, the AFMA Rules for International Arbitration and/or the American Film Marketing Association Rules for International Arbitration and administered by the IFTA Arbitration Tribunal or its predecessors, AFMA Arbitration Tribunal and American Film Marketing Association Arbitration Tribunal, where the matter in controversy relates to an agreement relating to the distribution and/or financing of one or more motion picture or television program in a territory other than the home territory of the licensor, provided that each party or its Affiliate was a party to the agreement in dispute or agreed in writing to be bound by the arbitration provisions in the agreement in dispute as they relate to these AFM Guidelines; or if it was not a party to the agreement in dispute or so agreed to be bound, then it was assigned such agreement or the right to bring or defend the arbitration, or found to be legally bound by such agreement by a court of competent jurisdiction, and also in such event: (i) was at the time such agreement was entered into a real party in interest or a beneficiary thereto; or (ii) the owner, distributor, sales agent, licensor or licensee of, or held other rights in, or was an Affiliate of a party holding such other rights in, the motion picture, television program, or other property which is the subject of such agreement; or (iii) was the producer, financier, or distributor or an Affiliate of the producer, financier, or distributor of the motion picture, television program or other property which is the subject of such agreement.
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Examples of IFTA Arbitration in a sentence

  • The arbitration shall be initiated and conducted according to the IFTA Arbitration Rules and Procedures in effect at the time the request for arbitration is made (the “Arbitration Rules”).

  • Each party waives any right to adjudicate any such dispute in any other court or forum, except that any party may seek interim and equitable relief in accordance with the I.F.T.A. Arbitration Rules.

  • Licensor and Distributor hereby submit to the exclusive jurisdiction of the state and federal courts located in Los Angeles County, California for all proceedings involving interim and equitable relief permitted under the I.F.T.A. Arbitration in accordance with such rules and to accept service of process for any judicial or other proceedings by registered mail, return receipt requested, at the address indicated on the License Agreement.

  • Licensor and Distributor agree to abide by any decision rendered in an I.F.T.A. Arbitration, and that any court having jurisdiction may enforce such a decision.