Wall Street Oasis
Content Production Agreement
This Content Production Agreement (“Agreement”) is entered into as of the date of last
signature below (the “Effective Date”) between IB Oasis Corp (“Wall Street Oasis”) and [], an
Individual (“Content Producer”) (together, the “Parties,” each individually a “Party”) with
respect to the facts set forth below.
RECITALS
Wall Street Oasis is an online community focused on careers in finance. Wall
Street Oasis partners with a diverse range of experts to develop financial and accounting literacy
courses that enable people to learn career and financial skills.
Content Producer has expertise in a particular dimension of accounting and
financial skills and desires to coordinate with Wall Street Oasis to develop courses to be
published by Wall Street Oasis platform, pursuant to the terms of this Agreement.
NOW, THEREFORE, the parties agree as follows:
Content Producer Will Work in Collaboration with Wall Street Oasis
. Content Producer will collaborate with Wall Street Oasis to design, develop, and produce the
deliverables, as further described in mutually executed Statement of Work in substantially the
form of Exhibit A (collectively, all deliverables created in connection with such Statements of
Work and all Derivative Works thereof are the “Work”). Each deliverable will be submitted by
Content Producer to Wall Street Oasis when Content Producer believes it meets the acceptance
criteria specified in the Statement of Work. The Parties will mutually evaluate each submitted
deliverable and make a good faith determination as to whether the deliverable meets industry
best practices and the quality standards required to enable the deliverable to deliver value to Wall
Street Oasis’s customers, and when the Parties agree that this has occurred, the deliverable will
be deemed accepted (“Accepted”). In the event that a submitted deliverable is not Accepted
within 14 business days of submission, the parties will reduce any required changes or
modifications to writing, and Content Producer will make such modifications or changes such
that the deliverable is Accepted in a timely manner.
Compensation
.
a. Wall Street Oasis will pay Content Producer $10 USD per hour of services
performed in the creation of the Work prior to the initial submission for acceptance (“Initial
Services”). In no event shall Initial Services invoices exceed 50 hours for any milestone (and
150 hours combined across all 4 milestones) without prior written authorization from Wall Street
Oasis. Initial Services combined with any subsequent services performed by Content Producer
on the Work after initial submission are collectively the “Services”. Services performed after
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the initial submission for acceptance will be performed at Content Producer’s sole expense
unless mutually agreed otherwise.
b. Wall Street Oasis will pay a completion payment to Content Producer
equal to the amounts paid and payable in connection with the Initial Services for each milestone
that is Accepted (the “Completion Payment”). For example, if 50 hours of Initial Services are
performed and invoiced for a total of $500 of Initial Services in connection with a specific
milestone, after that milestone is Accepted, a Completion Payment of $500 shall be due and
payable.
c. Content Producer will invoice Wall Street Oasis every thirty (30) days.
Content Producer will document the number of hours of Initial Services performed, Completion
Payments due as well as the milestones to which each invoiced item pertains in Content
Producer’s invoices. Wall Street Oasis will pay correct invoices from Content Producer within
fifteen (15) days of receipt.
Intellectual Property
.
a. Content Producer shall promptly and fully disclose to Wall Street Oasis
any and all ideas, inventions, technologies, discoveries, improvements, know-how, processes,
practices, procedures, compositions, devices improvements, methods, data, ideas, works of
authorship, discoveries, or other subject matter that Content Producer conceives, reduces to
practice or develops during the term of this Agreement, alone or in conjunction with others,
including without limitation any and all invention(s) which relate to the Work and which Content
Producer made, first reduced to practice or owns in the course of performing Services for Wall
Street Oasis, including without limitation any and all related patents, copyrights, trade secrets,
trademarks throughout the world (and applications for registration of the same) (collectively,
“Inventions”). Content Producer agrees to keep and maintain adequate and current records (in the
form of notes, sketches, drawings and similar materials, including computer generated
documents or in any other form that may be required by Wall Street Oasis) of all Services
provided and results thereof and such records shall be available to and remain the sole property
of Wall Street Oasis at all times. Content Producer agrees that any and all Inventions shall be the
sole and exclusive property of Wall Street Oasis. Where applicable, works of authorship Content
Producer creates for Wall Street Oasis in performing Services under this Agreement shall be
“works made for hire” as defined in the U.S. Copyright Act.
b. Content Producer agrees to assign, and hereby irrevocably does assign,
transfer and convey to Wall Street Oasis all right, title and interest to all such Inventions. Content
Producer hereby appoints Wall Street Oasis as Content Producer’s agent and attorney in fact, to
act for and on Content Producer’s behalf for the purpose of effecting the foregoing assignment
from Content Producer to Wall Street Oasis, for executing and filing the requisite applications
and to do all other lawfully permitted acts to further the prosecution and issuance of patents,
copyrights, trademarks and other registrations with the same legal force and effect as if executed
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by Content Producer. Content Producer agrees to execute any and all papers and documents, and
take such other actions as are reasonably requested by Wall Street Oasis, to evidence, perfect,
defend the foregoing assignment and fully implement Wall Street Oasis’s proprietary rights in
the assigned Inventions and associated intellectual property.
c. Content Producer represents and warrants that (i) Content Producer is the
owner of the entire right, title and interest in and to the Inventions therein; (ii) Content Producer
has the sole right and authority to enter into the Agreement and grant the rights hereunder; (iii)
Content Producer has not previously granted any rights or licenses in or to the Inventions; (iv)
unless approved by Wall Street Oasis in writing, Content Producer shall not incorporate any
intellectual property belonging to Content Producer or third parties into any Inventions; (v)
Content Producer is in compliance with all federal, state, county, and municipal laws, regulations
and ordinances applicable to Content Producer and shall perform the Services without violation
of the foregoing; and (vi) Content Producer is qualified to perform the Services. In the event any
Invention may not legally be assigned to Wall Street Oasis under this Section 3 or if Content
Producer incorporates its own or a third party’s code or any intellectual property or invention
into the performance of Services and resulting work product, Content Producer hereby grants
Wall Street Oasis an irrevocable, perpetual, sublicensable, world-wide, royalty free license to
make, have made, sell, use, export, copy, perform, distribute, create derivative works of and
otherwise fully export such Invention. Prior to incorporating Content Producer’s own or a third
party’s intellectual property or invention into the performance of Services, Content Producer
shall notify Wall Street Oasis and obtain written Wall Street Oasis approval.
Relationship of the Parties
.
a. Content Producer is an independent contractor and will provide the
Services on Content Producer’s own time, using Content Producer’s own resources, at locations
of Content Producer’s choosing, using the skills and methods that Content Producer deems
appropriate. Nothing in this Agreement creates an employment or agency relationship between
Content Producer and Wall Street Oasis. Content Producer agrees that it has no authority to
represent or bind Wall Street Oasis. Nothing herein shall create, expressly or impliedly, a
partnership, joint venture, or other association between the parties to this Agreement.
b. Content Producer is authorized to perform services and receive
compensation for such services in the United States and will provide Wall Street Oasis with
documentation evidencing the same. Content Producer understands that Wall Street Oasis will
report all amounts paid under this Agreement to the applicable government agencies and Content
Producer will report to applicable government agencies all compensation that it receives under
this Agreement. As an independent contractor, Content Producer alone will be responsible for
payment of all taxes, social security, workers’ compensation, unemployment and disability
insurance or similar items that any government agency requires.
Warranties
.
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a. Content Producer warrants that Content Producer does not have, and will
not enter into, any obligations or commitments that conflict or are inconsistent with Content
Producer’s obligations under this Agreement. Notwithstanding the foregoing, the parties
acknowledge that Content Producer is an independent contractor, free to perform services for any
other third parties, and retains all rights to enter into other agreements which are not in conflict
with the terms of this Agreement. For clarity, Content Producer will not copy, modify, create
derivative works of or otherwise use the Work for Content Producer’s own benefit or the benefit
of a third party.
b. Content Producer warrants to Wall Street Oasis that any Work (i) is
wholly Content Producer’s original effort and material, except for any material in the public
domain and/or properly licensed and/or quotations or references that are properly cited, (ii)
contains, to the best of Content Producer’s knowledge, no material misrepresentations of fact,
and (iii) will not infringe, misappropriate or violate the rights of any third party, including
copyrights or any rights of privacy or publicity. Content Producer agrees to protect, defend and
indemnify Wall Street Oasis from any and all losses, claims, liabilities, or expenses resulting
from a breach of the foregoing Content Producer warranty.
General
.
a. Term and Termination. This Agreement shall be in effect for three (3)
years unless terminated earlier in accordance with its terms. At the end of the then current term,
this Agreement shall automatically renew for subsequent renewal terms of 1 year unless either
party indicates its desire not to enter the renewal term on or before thirty (30) days before the end
of the then current term. Either party may terminate this Agreement if the other party is in
breach and has failed to cure such breach within thirty (30) days of receipt of written notice of
such breach. Sections 2 through 6 shall survive any termination of this Agreement.
b. Interpretation. All Parties to this Agreement have negotiated and
cooperated in the drafting and preparation of this Agreement. This Agreement shall not be
construed against any Party on the ground that either Party drafted it.
c. Binding Effect. This Agreement shall be binding upon and shall inure to
the benefit of the respective Parties hereto, their respective legal successors and assigns, and each
of them.
d. Service of Notice. Any and all notices or demands by or from Wall Street
Oasis to Content Producer, or by or from Content Producer to Wall Street Oasis, shall be in
writing and shall be served either by regular United States mail, Certified or Registered Mail,
return receipt requested, postage prepaid or by recognized overnight courier service. If such
notice is served by mail in the manner herein provided, service shall be conclusively deemed
made forty-eight (48) hours after the deposit thereof in the United States mail or on the next
business day after submission to the overnight courier service, addressed to the party to whom
such notices or demand is to be given, at the following addresses:
Wall Street Oasis: 20705 Saint Charles Street
5
Saratoga, CA 95070
Content Producer:
e. Governing Law, Dispute Resolution, & Forum. This Agreement shall be
construed under and governed by the laws of the State of California, without regard to conflict of
laws principles. Any dispute arising from this Agreement shall be decided solely and
exclusively by state or federal courts located in Santa Clara County, California.
f. Counterparts and Facsimile Signatures. This Agreement may be executed
in one or more counterparts, each of which, when so executed and delivered, shall be deemed
original, but all of which taken together shall constitute but one and the same instrument. This
Agreement may be executed by facsimile transmission and shall be deemed to have been
executed and delivered by each party on the date so transmitted to the other party, and in such
event, each party will promptly furnish to the other party, an original counterpart hereof executed
by such party.
g. Entire Understanding. This Agreement sets forth the entire understanding
of the Parties in connection with the subject matter of this Agreement. None of the Parties has
made any statement, representation or warranty in connection with this Agreement which has
been relied upon by any other Party to it or which has been an inducement for any Party to enter
into this Agreement, except as expressly set forth herein. This Agreement may not be altered,
amended or modified in any respect except by a writing duly executed by authorized
representatives of both Parties.
h. Severability. If any provision of this Agreement is held invalid, illegal or
unenforceable, the remaining provisions shall not be affected.
i. Warranty of Authority. Each person signing this Agreement on behalf of
an entity warrants that he or she has authority to bind that entity by signing this Agreement.
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IN WITNESS WHEREOF, the parties have executed this agreement as of the Effective
Date:
Wall Street Oasis
Signature:
Name: Patrick Curtis
Date: March 16, 2020
Email: Patrick@wallstreetoasis.com
Content Producer:
Signature:
Name:
Date:______________
Email:
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Exhibit A
Statement of Work
Milestones and Target Delivery Dates
- Reviewing Online Accounting Courses and competitive landscape (3-5hr
estimate) + creating a detailed module and course outline (15-25hr estimate) with specific lesson
plans + topics to cover for both the Accounting for Finance: Foundations (“Foundations
Course”) and Accounting for Finance: Advanced (“Advanced Course”) courses– October 15,
2020 - Detailed PowerPoint presentation for the Foundations Course for lessons outside
of Excel (15-25hr estimate) – November 30, 2020 - Develop and/or source necessary Foundations Course materials including
exercises, templates, models, quizzes, case studies (20-30hr estimate) – January 31, 2021 - Recording lesson Videos for full production of the Foundations Course, including
notes for post-production editing to our video editor – April 30, 2021 (20-40hr estimate)
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